Filtronic PLC New Contract Award (0443V)
April 03 2023 - 1:00AM
UK Regulatory
TIDMFTC
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 (GBP0.6m), 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
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
Paul Vann Mob. 07768 807 631
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation.
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
CNTUUUBROKUSRAR
(END) Dow Jones Newswires
April 03, 2023 02:00 ET (06:00 GMT)
Filtronic (LSE:FTC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Filtronic (LSE:FTC)
Historical Stock Chart
From Aug 2023 to Aug 2024