RCS - Filtronic PLC - Grant Funding Project Win

FiltronicAnnouncement

18/09/2023 07:00

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RNS Number : 6525M  Filtronic PLC  18 September 2023

18 September 2023

Filtronic plc

("Filtronic" or the "Company")

 

GRANT FUNDING PROJECT WIN

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the
aerospace, defence, telecoms infrastructure, space and critical communications
markets, is pleased to announce it has been selected by the Defence and
Security Accelerator ("DASA"), part of the UK Ministry of Defence ("MoD"), for
the prestigious Defence Technology Exploitation Programme ("DTEP"), supported
by Innovate UK. The scheme, sponsored by the MOD's Directorate of Industrial
Strategy and Exports ("DISE"), aims to foster innovation and enhance defence
supply chains by supporting small and medium-sized enterprises in developing
state-of-the-art materials, technologies and processes. The total grant
funding to be received by Filtronic is £170,000 in addition to a further
£76,000 worth of support from our lead customer to help embed the technology
and capability into the business.

 

Under the DTEP award, Filtronic will undertake a groundbreaking project titled
"Low cost and SWAP high density packaging for future RADAR" designed to
develop a specialist, plastic encapsulation capability for compound
semiconductor devices, focusing on high-density System in Package ("SiP")
designs. The project will prioritise low-weight, low-cost, high-density
packaging for high-power semiconductor devices, specifically designed to
perform in challenging operational environments for the MoD, Royal Navy, Royal
Air Force, and their global allies.

 

Filtronic is collaborating with a major aerospace and defence company to
manufacture and test plastic encapsulated Transmit Receive Modules ("TRMs")
for electronically scanned radar systems. The TRMs use the latest high power
density compound semiconductor materials. Plastic encapsulation is much
lighter and significantly cheaper compared to ceramic alternatives. Initially
to be used in airborne radars, it is applicable to other detector, sensor and
communication systems for defence and commercial applications.

 

Richard Gibbs, Chief Executive Officer, commented: "This opportunity not only
demonstrates our technological expertise but also strengthens our commitment
to supporting the UK's defence industry, it's sovereign supply chain and
future radar programmes. Filtronic's advanced manufacturing site in Sedgefield
is committed to providing a leading sovereign plastic packaging capability to
the UK defence industry and we're excited to showcase this as part of this
project".

 

Change of Name of Nominated Adviser and Broker

 

The Company also announces that its Nominated Adviser and Sole Broker has
changed its name to Cavendish Capital Markets Limited following completion of
its own corporate merger.

 

Enquiries:

 Filtronic plc                                              Tel. 01740 618800 or investor.relations@filtronic.com
                                                            (mailto:investor.relations@filtronic.com)
 Richard Gibbs (Chief Executive Officer)
 Michael Tyerman (Chief Financial Officer)

 Cavendish Capital Markets Limited                          Tel. 020 7220 0500
 Jonny Franklin-Adams/George Dollemore (Corporate Finance)
 Sunila de Silva (ECM)

 Walbrook PR Limited                                        Tel. 020 7933 8780 or filtronic@walbrookpr.com
                                                            (mailto:filtronic@walbrookpr.com)
 Paul Vann/Joe Walker                                       Mob. 07768 807 631

 

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