Filtronic PLC New Premises
September 06 2024 - 1:00AM
RNS Non-Regulatory
RNS Number : 1342D
Filtronic PLC
06 September 2024
Filtronic plc
(the
"Company")
New Premises
Deal signed to relocate to new
purpose-built, state-of-the-art operational site
Filtronic plc (AIM: FTC) the designer and
manufacturer of products for the aerospace, defence, space and
telecoms infrastructure markets is pleased to announce it is
relocating its Sedgefield site to a new, larger, purpose-built
state-of-the-art facility on the same business park at NetPark,
Sedgefield, County Durham in early 2025. This move will double the
Company's operational footprint at its main UK site, facilitating a
significant expansion in both capability and capacity.
The new site will feature advanced cleanroom
areas, engineering laboratories, and testing facilities,
reinforcing Filtronic's commitment to growth and innovation. This
investment is part of a broader strategy to enhance the Company's
position as a global designer and manufacturer of high-performance
mmWave technologies and enable execution of its growth
plans.
NetPark is one of the UK's premier science
parks, the development is expected to boost the local economy by
creating jobs and attracting investment to the region. It aligns
with regional economic development goals to foster innovation and
growth in high-tech industries.
Nat Edington,
CEO of Filtronic, commented, "The increased
manufacturing footprint and enhanced testing facilities in our new
building is critical to the successful execution of our strategy.
We have reached a point where we have outgrown our existing
building and are excited to move to a new facility that is
purpose-built and meets our needs to give us the flexibility we
need to continue growing our business."
Enquiries:
Filtronic plc
|
Tel. 01740 618800 or investor.relations@filtronic.com
|
Nat Edington (Chief Executive
Officer)
|
|
Michael Tyerman (Chief Financial
Officer)
|
|
|
|
Cavendish Capital Markets Limited
|
Tel. 020 7220 0500
|
Jonny Franklin-Adams/Trisyia
Jamaludin (Corporate Finance)
|
Sunila de Silva (ECM)
|
|
|
|
Walbrook PR Limited
|
Tel. 020 7933 8780 or filtronic@walbrookpr.com
|
Nick Rome/Jospeh Walker
|
|
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