New Contract Award

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. [phone] or [e-mail]
Richard Gibbs (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
finnCap Limited	Tel. [phone]
Jonny Franklin-Adams/George Dollemore (Corporate Finance)
Alice Lane/Sunila de Silva (ECM)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Paul Vann	Mob. [phone]

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

 

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