REG - Filtronic PLC - New Contract Award

FiltronicAnnouncement

03/04/2023 07:15

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RNS Number : 0443V  Filtronic PLC  03 April 2023

 

3 April 2023

Filtronic plc

("Filtronic")

 

New Contract Award

 

Filtronic wins first significant order with leading provider of low latency
private networks

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products and
sub-systems for the aerospace, defence, telecoms infrastructure, space, and
critical communications markets, is pleased to announce a new contract win
with a leading global provider of low latency private networks.

 

The contract is valued at $0.8m (£0.6m), with revenue expected to be
recognised in FY2024, requiring design, development and manufacture of
high-performance power amplifier modules for incorporation into next
generation point-to-point microwave radios. The client operates
high-performance microwave and mmWave private networks and has chosen
Filtronic to ensure that best-in-class transmit power and linearity is
achieved in their planned network upgrade, by leveraging Filtronic's proven
expertise in radio modules.

 

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to
secure the first significant order with this customer having successfully
completed a smaller development with them in the last calendar year. We look
forward to working with the customer on this project and building on the
relationship".

 

 

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                                                  Mob. 07768 807 631

 

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

 

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