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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Filtronic Plc | LSE:FTC | London | Ordinary Share | GB0003362992 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 57.50 | 56.00 | 59.00 | 58.00 | 57.50 | 58.00 | 64,222 | 08:16:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Components, Nec | 16.46M | 464k | 0.0022 | 259.09 | 122.73M |
From May 2019 to May 2024
TIDMFTC
RNS Number : 2033Z
Filtronic PLC
30 August 2018
30 August 2018
Filtronic plc (the "Company")
New Contract Win
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 the receipt of a follow-on, production order from a major European OEM for its Massive MIMO ("mMIMO") antenna product.
The follow-on order, valued at approximately $1.1 million, represents a continuance of demand for the mMIMO antenna for which the Company announced initial orders on 1 August 2018 and is in line with the Company's expectations. The follow-on order was received on 29 August 2018 and is anticipated to be fulfilled in the current calendar year.
As this product moves into regular production, demand is expected to flow in accordance with our customer's normal buying cycles. As a consequence, Filtronic will not announce further orders for this product type unless they fall outside the expected pattern or are material in the context of our anticipated financial performance. There is no certainty that production orders will continue at the current rate.
Rob Smith, CEO, said "We are pleased that order flow is now running for this product which is the first offering from our Massive MIMO antenna range. This technology is key to the densification of 4G/LTE networks and is a cornerstone technology for future 5G networks.".
Filtronic plc Tel. 0113 220 0000 Rob Smith (CEO) Tel. 07810 774 688 Michael Tyerman (Finance Director) Tel. 07956 029 502 Panmure Gordon (UK) Limited Tel. 020 7886 2500 Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson (Corporate Broking) Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com Paul Cornelius Mob. 07866 394 707 Sam Allen Mob. 07884 664 686
Notes:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
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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(END) Dow Jones Newswires
August 30, 2018 02:01 ET (06:01 GMT)
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