Mobix Labs Wins BAE Systems Gold Tier Award for Outstanding Supply Chain Contributions and Performance

Rhea-AI Summary

Mobix Labs (Nasdaq: MOBX), a fabless semiconductor company known for its advanced connectivity solutions, announced that it has received the BAE Systems 'Partner 2 Win' Gold Tier Award.

This award highlights Mobix Labs' outstanding performance and significant contributions to BAE Systems' supply chain in 2023. The company has been a key supplier for BAE Systems' Electronic Systems sector, providing electromagnetic filtering products and board-to-board flex circuits for FADEC controllers in jet engines for over fifteen years.

CEO Fabian Battaglia expressed honor in receiving the award and highlighted the expanding partnership between Mobix Labs and BAE Systems. The recognition underscores Mobix Labs' commitment to excellence and quality in its supply chain operations.

Positive

• Received BAE Systems 'Partner 2 Win' Gold Tier Award.
• Recognized for exceptional performance in 2023.
• Key supplier for BAE Systems' Electronic Systems sector.
• Over 15 years of partnership with BAE Systems.
• Supplies critical components like electromagnetic filtering products and FADEC controllers.
• Commitment to excellence and quality in supply chain operations.

Negative

• No specific financial gains or increased revenue mentioned.
• Doesn't provide details on how the award will impact future financial performance.
• Potential over-reliance on a single major customer, BAE Systems.

IRVINE, Calif.--(BUSINESS WIRE)-- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs”), a fabless semiconductor company developing next-generation connectivity solutions spanning wired and advanced wireless systems, today announced its electromagnetic filtering products received a BAE Systems ‘Partner 2 Win’ Gold Tier Award. Mobix Labs was selected from many suppliers that delivered exceptional performance and contributions to supply chain success for BAE Systems’ Electronic Systems sector in 2023.

“We are honored to receive the Gold Tier Supplier Award from our long-time partner BAE Systems,” says Fabian Battaglia, CEO of Mobix Labs. “Our partnership with BAE Systems continues to expand towards new and exciting use cases. For over fifteen years, we have supplied board-to-board flex circuits for FADEC controllers in jet engines, and we look forward to continuing this collaboration.”

BAE Systems’ Partner 2 Win program is designed to achieve operational excellence and eliminate defects in its supply chain by raising the bar of performance expectations to meet the demand of current and future customers. As part of the program, BAE Systems meets regularly with its suppliers to transfer best practices to ensure that the components and materials that compose its products meet the highest quality standards.

“The development and manufacturing of BAE Systems’ cutting-edge technology is only possible thanks to our best-in-class supply partners,” said Ray Brousseau, Vice President of Operations, Electronic Systems. “We thank our top suppliers for their support in helping us meet our customers’ needs.”

About Mobix Labs, Inc.

Based in Irvine, California, Mobix Labs is a fabless semiconductor company delivering advanced wireless and wired connectivity, RF, imaging, switching and filtering technologies for next-generation communication systems. Our solutions support aerospace, defense, 5G, medical, industrial and other high-reliability markets. We specialize in mmWave radar and imaging for commercial applications, electromagnetic interference (EMI) solutions for secure aerospace GPS systems, optical cables for high-speed interconnect and AI datacenters, and high frequency 5G wireless solutions for high performance and reliability in demanding applications. Visit mobixlabs.com and follow us on LinkedIn.

About BAE Systems

The Electronic Systems sector of BAE Systems is part of a global defense, aerospace, and security company. We deliver products and services for air, land, sea, and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce, and deliver— to protect those who protect us in a high-performance, innovative culture. We push the limits of possibility to provide a critical advantage to our customers where it counts.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about capturing additional opportunities in the future, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, such as Mobix Labs’ ability to deliver parts or increase market share in connection with BAE Systems. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Mobix Labs undertakes no duty to update such information, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240529661449/en/

Media Contact:

Jeff Fox, The Blueshirt Group

jeff@blueshirtgroup.com

Investor Contact:

Lori Barker, The Blueshirt Group

lori@blueshirtgroup.com

Source: Mobix Labs, Inc.

FAQ

What award did Mobix Labs receive from BAE Systems?

Mobix Labs received the BAE Systems 'Partner 2 Win' Gold Tier Award.

What is the significance of Mobix Labs receiving the BAE Systems Gold Tier Award?

The award signifies Mobix Labs' exceptional performance and contributions to BAE Systems' supply chain in 2023.

What does Mobix Labs supply to BAE Systems?

Mobix Labs supplies electromagnetic filtering products and board-to-board flex circuits for FADEC controllers in jet engines.

How long has Mobix Labs been partnering with BAE Systems?

Mobix Labs has been partnering with BAE Systems for over fifteen years.

What impact does the BAE Systems award have on Mobix Labs (MOBX) stock?

While the award highlights Mobix Labs' excellence, it does not provide specific details on financial gains or impacts on future stock performance.