REG - Filtronic PLC - New £3.2m Contract Award by European Space Agency

FiltronicAnnouncement

21/07/2023 07:00

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RNS Number : 7243G  Filtronic PLC  21 July 2023

 

21 July 2023

Filtronic plc

("Filtronic")

 

New Contract Award

 

Filtronic wins €3.7 million payload development project with the European
Space Agency

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products and
sub-systems for the aerospace, defence, telecoms infrastructure and space
markets, is pleased to announce a new contract win to develop next generation
space payload communication systems for the European Space Agency (ESA).

 

The €3.7m (£3.2m) contract falls under ESA's Advanced Research and
Telecommunications Systems ("ARTES") programme for "Space Deployment of 5G/6G
and Sustainable Connectivity". Under the contract, Filtronic will develop a
series of advanced mmWave products to enable broadband connectivity from low
earth orbit ("LEO") satellites to receiving ground stations. The programme,
which is part of the business forecast for FY2024, will begin immediately with
the development of design concepts and prototypes during the current financial
year, with the final hardware deliverable by 31 March 2025.

 

The ARTES programme will utilise Filtronic's existing core IP, together with
established expertise in design and qualification of mmWave telecommunication
technology, including the recent development of advanced solid state power
amplifiers ("SSPAs") for the first LEO E-band ground station trials. The ARTES
programme is fully supported by the UK Space Agency, and it aligns with the UK
Government's stated goal of getting UK suppliers to play a significant role in
the future of global telecommunication infrastructure.

 

Satellite operators are progressively turning to Ka, Q/V and W-band
frequencies to deliver the ultra-high bandwidth data links needed for the
specific requirements of LEO space communications. Filtronic is
well-positioned to adapt existing telecommunications technology, manufactured
in commercial volumes to meet this demand.

 

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to work
with ESA on this important development at the leading edge of LEO space
communications. The LEO space market is developing fast and the need for
higher bandwidth links between satellites and the ground station is
inevitable. Working with ESA to develop products at multiple frequencies, that
can be supplied as part of next generation LEO constellations, is both timely
and strategically important for Filtronic".

 

 

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)

 finnCap Limited                                            Tel. 020 7220 0500
 Jonny Franklin-Adams/George Dollemore (Corporate Finance)
 Alice Lane / 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

 

Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation.

 

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