Filtronic PLC Grant Funding Project Win
September 18 2023 - 1:00AM
RNS Non-Regulatory
TIDMFTC
Filtronic PLC
18 September 2023
18 September 2023
Filtronic plc
("Filtronic" or the "Company")
GRANT FUNDING PROJECT WIN
Filtronic plc (AIM: FTC), the designer and manufacturer of
products for the aerospace, defence, telecoms infrastructure, space
and critical communications markets , is pleased to announce it has
been selected by the Defence and Security Accelerator ("DASA"),
part of the UK Ministry of Defence ("MoD"), for the prestigious
Defence Technology Exploitation Programme ("DTEP"), supported by
Innovate UK. The scheme, sponsored by the MOD's Directorate of
Industrial Strategy and Exports ("DISE"), aims to foster innovation
and enhance defence supply chains by supporting small and
medium-sized enterprises in developing state-of-the-art materials,
technologies and processes. The total grant funding to be received
by Filtronic is GBP170,000 in addition to a further GBP76,000 worth
of support from our lead customer to help embed the technology and
capability into the business.
Under the DTEP award, Filtronic will undertake a groundbreaking
project titled "Low cost and SWAP high density packaging for future
RADAR" designed to develop a specialist, plastic encapsulation
capability for compound semiconductor devices, focusing on
high-density System in Package ("SiP") designs. The project will
prioritise low-weight, low-cost, high-density packaging for
high-power semiconductor devices, specifically designed to perform
in challenging operational environments for the MoD, Royal Navy,
Royal Air Force, and their global allies.
Filtronic is collaborating with a major aerospace and defence
company to manufacture and test plastic encapsulated Transmit
Receive Modules ("TRMs") for electronically scanned radar systems.
The TRMs use the latest high power density compound semiconductor
materials. Plastic encapsulation is much lighter and significantly
cheaper compared to ceramic alternatives. Initially to be used in
airborne radars, it is applicable to other detector, sensor and
communication systems for defence and commercial applications.
Richard Gibbs, Chief Executive Officer, commented: "This
opportunity not only demonstrates our technological expertise but
also strengthens our commitment to supporting the UK's defence
industry, it's sovereign supply chain and future radar programmes.
Filtronic's advanced manufacturing site in Sedgefield is committed
to providing a leading sovereign plastic packaging capability to
the UK defence industry and we're excited to showcase this as part
of this project".
Change of Name of Nominated Adviser and Broker
The Company also announces that its Nominated Adviser and Sole
Broker has changed its name to Cavendish Capital Markets Limited
following completion of its own corporate merger.
Enquiries:
Filtronic plc Tel. 01740 618800 or investor.relations@filtronic.com
Richard Gibbs (Chief Executive
Officer)
Michael Tyerman (Chief Financial
Officer)
Cavendish Capital Markets Tel. 020 7220 0500
Limited
Jonny Franklin-Adams/George Dollemore (Corporate Finance)
Sunila de Silva (ECM)
Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com
Paul Vann/Joe Walker Mob. 07768 807 631
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END
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