RCS - Filtronic PLC - New Premises

FiltronicAnnouncement

06/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240906:nRSF1342Da&default-theme=true

RNS Number : 1342D  Filtronic PLC  06 September 2024

Filtronic plc

(the "Company")

New Premises

Deal signed to relocate to new purpose-built, state-of-the-art operational
site

Filtronic plc (AIM: FTC) the designer and manufacturer of products for the
aerospace, defence, space and telecoms infrastructure markets is pleased to
announce it is relocating its Sedgefield site to a new, larger, purpose-built
state-of-the-art facility on the same business park at NetPark, Sedgefield,
County Durham in early 2025. This move will double the Company's operational
footprint at its main UK site, facilitating a significant expansion in both
capability and capacity.

The new site will feature advanced cleanroom areas, engineering laboratories,
and testing facilities, reinforcing Filtronic's commitment to growth and
innovation. This investment is part of a broader strategy to enhance the
Company's position as a global designer and manufacturer of high-performance
mmWave technologies and enable execution of its growth plans.

NetPark is one of the UK's premier science parks, the development is expected
to boost the local economy by creating jobs and attracting investment to the
region. It aligns with regional economic development goals to foster
innovation and growth in high-tech industries.

Nat Edington, CEO of Filtronic, commented, "The increased manufacturing
footprint and enhanced testing facilities in our new building is critical to
the successful execution of our strategy. We have reached a point where we
have outgrown our existing building and are excited to move to a new facility
that is purpose-built and meets our needs to give us the flexibility we need
to continue growing our business."

Enquiries:

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

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

 Walbrook PR Limited                        Tel. 020 7933 8780 or filtronic@walbrookpr.com
                                            (mailto:filtronic@walbrookpr.com)
 Nick Rome/Jospeh Walker

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABUGDCGUGDGSU