REG - Filtronic PLC - New £7.8m Contract Award

FiltronicAnnouncement

06/02/2024 07:00

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RNS Number : 0750C  Filtronic PLC  06 February 2024

 

06 February 2024

Filtronic plc

("Filtronic")

 

New Contract Award

 

Filtronic secures a £7.8 million follow-on production order and a payload
development

contract in the LEO space market.

 

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the
aerospace, defence, space and telecoms infrastructure markets, is pleased to
announce two significant contract wins with a leading global provider of low
earth orbit ("LEO") satellite communications equipment.

 

The production order contract, valued at $9.9m (£7.8m), with revenue expected
to be recognised within calendar year 2024, is for additional demand of
Filtronic's innovative Cerus32 solid state power amplifier ("SSPA") module.
This is the third and largest production order to date for the Cerus32 SSPA
and it represents increased customer confidence in Filtronic technology
following initial field deployment. The SSPA modules will be installed in
ground station locations as part of the customer's earth station antenna
network which provides full E-band connectivity to the growing number of
E-band enabled LEO satellites.

 

The Cerus32 SSPA utilises Filtronic's unique MMIC chip design and proprietary
power combining techniques to provide a small form factor amplifier module
with scalable output powers ranging from 4W to over 20W at E-band frequencies.
Rapid deployment of modules in the field has enabled the customer to maintain
a high-level of low latency network performance for a fast-growing subscriber
base.

 

The second contract with the same customer is a development agreement to
accelerate the design and prototype delivery of an E-band module that would
form part of the satellite payload and provide downlink connectivity to the
E-band ground station. Subject to successful qualification testing and field
trials this module will represent the first Filtronic product designed for
space flight and is key part of our strategy to address the satellite element
of the LEO space market.

 

Richard Gibbs, Chief Executive Officer, commented: "We are very pleased to
continue our partnership with the leading global provider of LEO satellite
broadband services, and proud of the way we have scaled our operations to
supply production volumes of the Cerus32 SSPA module for their ground station
network. The fact that the customer has also decided to fund Filtronic for
their second-generation payload solution, due to be launched later this year,
is a further testament to our credibility and expertise in RF design, and our
ability to bring complex RF products to market for an aggressive launch
schedule".

 

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                                                  Mob. 07768 807 631

 Joe Walker

 

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

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