Filtronic PLC New 5G Contract Award (8865W)

TIDMFTC

RNS Number : 8865W

Filtronic PLC

20 April 2023

20 April 2023

Filtronic plc

("Filtronic")

New 5G Contract Award

Filtronic's Morpheus X2 product enables significant breakthrough in 5G backhaul communications for the telecoms infrastructure market

Filtronic plc (AIM: FTC), the designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets , is pleased to announce a new contract win with a leading global provider of 5G telecoms infrastructure equipment.

The initial production contract, valued at $1.1m (GBP0.9m), is designed to facilitate the global launch of a product that significantly extends the range of E-band point to point radio by providing an additional 3 decibel-milliwatts of linear output power. In practical terms this increases the line-of-sight transmission distance of an existing outdoor unit ("ODU") within a mobile base station up to 12km, a distance that would normally require multiple repeater stations, or more typically the installation of an optical fibre cable. The initial Morpheus X2 production order will be shipped in FY2024, with further production volumes forecast in FY2025.

The Morpheus X2 high power module was developed rapidly in only six months using Filtronic's proprietary, next generation, power amplifier chipsets, combined with innovative packaging technology and the established Filtronic in-house hybrid manufacturing capability. This breakthrough, facilitating improvements to range and backhaul capacity in 5G infrastructure, is enabled from the intellectual property belonging to Filtronic. The product can be customised to meet the needs of different radio and ODU manufacturers.

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to secure an initial production order for our Morpheus X2 E-band transceiver from one of the world's largest 5G telecoms infrastructure equipment suppliers. Working closely with our customer's design team we were able to apply our unique power amplifier IP and E-band design expertise to deliver a high-power ODU solution that will change the way in which 5G networks are deployed. We look forward scaling up the manufacture of Morpheus X2 solutions in 2024 and beyond.

Enquiries:

 
 Filtronic plc                      Tel. [phone] or [e-mail] 
 Richard Gibbs (Chief Executive 
  Officer) 
 Michael Tyerman (Chief Financial 
  Officer) 
 
 finnCap Limited                    Tel. [phone] 
 Jonny Franklin-Adams/George Dollemore (Corporate Finance) 
 Alice Lane / Sunila de Silva 
  (ECM) 
 
 Walbrook PR Limited                Tel. [phone] or [e-mail] 
 Paul Vann/Joe Walker               Mob. [phone] 
 

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTFIFVESRIIFIV

(END) Dow Jones Newswires

April 20, 2023 02:00 ET (06:00 GMT)