Filtronic PLC Distribution Agreement (5647N)
January 21 2019 - 1:00AM
UK Regulatory
TIDMFTC
RNS Number : 5647N
Filtronic PLC
21 January 2019
21 January 2019
Filtronic plc
("Filtronic")
Distribution Agreement
Filtronic plc (AIM: FTC), the designer and manufacturer of
antennas, filters and mmWave products for the wireless telecoms and
critical communications markets, is pleased to announce that it has
appointed Quintel USA Inc. ("Quintel") as its exclusive distributor
in North America to a number of Mobile Network Operators ("MNOs")
for certain antenna products.
Separately, and in addition to the Distribution Agreement,
Filtronic has entered into a Memorandum of Understanding with
Quintel's parent company Cirtek Holdings Philippines Corporation
("Cirtek") under which the parties have identified areas of
co-operation ranging from product co-development through to
manufacturing.
Quintel is an established designer and manufacturer of
innovative antennas and has established a comprehensive sales
channel in North America. Quintel has achieved approved vendor
status with some of the major US MNOs, including Tier 1 MNOs.
Filtronic's range of antennas is complementary to Quintel's, with
very little overlap in the product line up.
The products covered by these agreements include Quasi-Omni and
Panel antennas developed specifically for the US market and include
products for 4G/LTE and 5G Evolution applications for frequency
ranges between 600MHz and 6GHz.
Rob Smith, Filtronic's CEO commented, "This Distribution
Agreement is an excellent opportunity for Filtronic to gain greater
traction in the US market. We are delighted to be working with
Quintel and we believe that we complement each other very well. We
are looking forward to working together in other areas and have
already identified some interesting product co-development
opportunities. Cirtek is a company that we have known for many
years, their reputation for high-quality micro-electronics
assembly, that includes mmWave capability, makes them an ideal
marketing partner."
JoJo Dispo, Quintel's CEO and Cirtek board member commented,
"The co-operation will augur well for both groups due to clear
symbiotic business objectives as Filtronic can leverage on
Quintel's extensive organic sales force supported by a strong sales
representative organisation covering entire US markets for the
distribution of its products and for Quintel, the Filtronic
products will strategically complement its existing products menu
for Tier 1 MNOs in North America. There is also a strong potential
to elevate further this co-operation into a higher level of
business collaboration in future."
Enquiries:
Filtronic plc Tel. 0113 220 0000 or investor.relations@filtronic.com
Rob Smith (CEO)
Michael Tyerman (Finance Director)
finnCap Ltd Tel. 020 7220 0500
Jonny Franklin-Adams/Hannah Boros (Corporate Finance)
Alice Lane/Sunila de Silva (ECM)
Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com
Paul Cornelius Mob. 07866 394 707
Sam Allen Mob. 07884 664 686
Additional Information:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
About Filtronic:
Filtronic plc is a designer and manufacturer of advanced RF
communications products supplying leading Original Equipment
Manufacturers and Mobile Network Operators in the mobile
telecommunications infrastructure and critical communications
markets. Filtronic is AIM listed on the London Stock Exchange, with
offices in the UK, US, Sweden and China.
About Quintel:
Quintel is recognized as a leading innovator of cellular
multi-band, multi-port base station antennas, and a thought leader
for many antenna deployment applications. Quintel designs, develops
and delivers the industry's most reliable, quality,
high-efficiency, high-performance antenna solutions that help
mobile operators to increase spectral efficiency, enhance
quality-of-service, reduce costs and accelerate return on
investment.
About Cirtek:
Cirtek holding Philippines Corporation is a world-class
Outsourced Semiconductor Assembly and Test solutions partner.
Cirtek aims to achieve this vision through constant innovation and
re-engineering, and focus on customer-specific packages,
high-reliability devices and multi-chip products. Cirtek is listed
on the Philippines stock market and has offices in the Philippines,
China, US and Europe.
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.
END
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