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 [email protected] |
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 [email protected] |
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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