New Contract Award

RNS Number : 9113N
Filtronic PLC
07 June 2022
 

 

7 June 2022

Filtronic plc

("Filtronic")

 

NEW CONTRACT WIN

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and critical communications markets , is pleased to announce the award of a follow-on contract for full production units after a successful pilot-phase (as announced on 20 October 2021) build of over-the-air 5G mmWave modules into the test equipment market.

 

The new contract, for a customer based in the USA, is valued at $0.9m (approximately £0.7m) and follows successful delivery of the pilot production phase in FY2022. The product extends the frequency range of the customer's existing product offering above 50GHz by employing Filtronic's extensive mmWave specific design and manufacturing know-how. Revenue is expected to be recognised in FY2023 and meets the strategic objective of broadening the customer base. It also establishes an adjacent telecommunications market we have been actively targeting for growth.

 

Richard Gibbs, Chief Executive Officer, commented:  "We are delighted to have been chosen as the production partner for these technically challenging mmWave products. Once again, we have been able to demonstrate the importance of our in-house manufacturing, and our ability to take a design all the way through from initial concept into full production. We now look forward to the challenge of delivering production units working to secure future manufacturing orders of this product."

 

 

 

 

Enquiries:

Filtronic plc

Tel. 01740 618800 or investor.relations@filtronic.com

Richard Gibbs (Chief Executive Officer) 

 

Michael Tyerman (Chief Financial Officer)

 


 

finnCap Limited

Tel. 020 7220 0500

Jonny Franklin-Adams/Tim Harper (Corporate Finance)

Alice Lane / Sunila de Silva (ECM)


 

 

Walbrook PR Limited

Tel. 020 7933 8780 or filtronic@walbrookpr.com

Paul Vann

Mob. 07768 807 631

 

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit 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.
 
END
 
 
CNTUNRARUOUNRUR

Companies

Filtronic (FTC)
UK 100

Latest directors dealings