Filtronic PLC Distribution Agreement (5647N)

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RNS Number : 5647N

Filtronic PLC

21 January 2019

21 January 2019

Filtronic plc

("Filtronic")

Distribution Agreement

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 that it has appointed Quintel USA Inc. ("Quintel") as its exclusive distributor in North America to a number of Mobile Network Operators ("MNOs") for certain antenna products.

Separately, and in addition to the Distribution Agreement, Filtronic has entered into a Memorandum of Understanding with Quintel's parent company Cirtek Holdings Philippines Corporation ("Cirtek") under which the parties have identified areas of co-operation ranging from product co-development through to manufacturing.

Quintel is an established designer and manufacturer of innovative antennas and has established a comprehensive sales channel in North America. Quintel has achieved approved vendor status with some of the major US MNOs, including Tier 1 MNOs. Filtronic's range of antennas is complementary to Quintel's, with very little overlap in the product line up.

The products covered by these agreements include Quasi-Omni and Panel antennas developed specifically for the US market and include products for 4G/LTE and 5G Evolution applications for frequency ranges between 600MHz and 6GHz.

Rob Smith, Filtronic's CEO commented, "This Distribution Agreement is an excellent opportunity for Filtronic to gain greater traction in the US market. We are delighted to be working with Quintel and we believe that we complement each other very well. We are looking forward to working together in other areas and have already identified some interesting product co-development opportunities. Cirtek is a company that we have known for many years, their reputation for high-quality micro-electronics assembly, that includes mmWave capability, makes them an ideal marketing partner."

JoJo Dispo, Quintel's CEO and Cirtek board member commented, "The co-operation will augur well for both groups due to clear symbiotic business objectives as Filtronic can leverage on Quintel's extensive organic sales force supported by a strong sales representative organisation covering entire US markets for the distribution of its products and for Quintel, the Filtronic products will strategically complement its existing products menu for Tier 1 MNOs in North America. There is also a strong potential to elevate further this co-operation into a higher level of business collaboration in future."

Enquiries:

 
 Filtronic plc                        Tel. [phone] or [e-mail] 
 Rob Smith (CEO) 
 Michael Tyerman (Finance Director) 
 
 finnCap Ltd                          Tel. [phone] 
 Jonny Franklin-Adams/Hannah Boros (Corporate Finance) 
 Alice Lane/Sunila de Silva (ECM) 
 Walbrook PR Limited                  Tel. [phone] or [e-mail] 
 Paul Cornelius                       Mob. [phone] 
 Sam Allen                            Mob. [phone] 
 

Additional Information:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

About Filtronic:

Filtronic plc is a designer and manufacturer of advanced RF communications products supplying leading Original Equipment Manufacturers and Mobile Network Operators in the mobile telecommunications infrastructure and critical communications markets. Filtronic is AIM listed on the London Stock Exchange, with offices in the UK, US, Sweden and China.

About Quintel:

Quintel is recognized as a leading innovator of cellular multi-band, multi-port base station antennas, and a thought leader for many antenna deployment applications. Quintel designs, develops and delivers the industry's most reliable, quality, high-efficiency, high-performance antenna solutions that help mobile operators to increase spectral efficiency, enhance quality-of-service, reduce costs and accelerate return on investment.

About Cirtek:

Cirtek holding Philippines Corporation is a world-class Outsourced Semiconductor Assembly and Test solutions partner. Cirtek aims to achieve this vision through constant innovation and re-engineering, and focus on customer-specific packages, high-reliability devices and multi-chip products. Cirtek is listed on the Philippines stock market and has offices in the Philippines, China, US and Europe.

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 [e-mail] or visit www.rns.com.

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January 21, 2019 02:00 ET (07:00 GMT)