Contract Win Worth up to US$1.9M

RNS Number : 0040P

Filtronic PLC

15 February 2016

 

Filtronic plc

("Filtronic" or the "Company")

Contract Win Worth up to US$1.9M

Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to announce that it has received an order to develop core elements within long range, E-Band communication systems.

The order from a major US multinational company covers the design, development and delivery of prototype communication sub-systems to enable ultra-high capacity transmission of telecommunications data over a 20km range using E-Band frequencies. This technically challenging project pushes the boundaries of current technology and will be centred on Filtronic's class leading "Orpheus" transceiver technology.

The contract is structured on incremental development milestones worth up to US$1.9M on successful completion of the contract. The Company expects to complete development milestones equivalent to approximately 50% of the total contract value in the current financial year to 31 May 2016 with the balance in the subsequent year.

Rob Smith, CEO, Filtronic plc commented, "We are delighted to have been chosen to work on this challenging and prestigious project. It is a terrific endorsement of our engineering capability and underscores our position as the leading player in the E-Band transceiver market."

Enquiries:

Filtronic plc	Tel. [phone]
Rob Smith (CEO)
Maura Moynihan (Company Secretary)	Tel. [phone]
Panmure Gordon (UK) Limited	Tel. [phone]
Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson / Tom Salvesen (Corporate Broking)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Paul Cornelius Helen Cresswell	Mob. [phone] Mob. [phone]

 

END

 

 

CNTFZLFFQLFFBBD