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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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 2.94% | 70.00 | 69.00 | 71.00 | 71.00 | 68.00 | 68.00 | 1,380,571 | 11:02:46 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 25.43M | 3.14M | 0.0144 | 48.61 | 148.65M |
TIDMFTC
RNS Number : 0443V
Filtronic PLC
03 April 2023
3 April 2023
Filtronic plc
("Filtronic")
New Contract Award
Filtronic wins first significant order with leading provider of low latency private networks
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 low latency private networks.
The contract is valued at $0.8m (GBP0.6m), with revenue expected to be recognised in FY2024, requiring design, development and manufacture of high-performance power amplifier modules for incorporation into next generation point-to-point microwave radios. The client operates high-performance microwave and mmWave private networks and has chosen Filtronic to ensure that best-in-class transmit power and linearity is achieved in their planned network upgrade, by leveraging Filtronic's proven expertise in radio modules.
Richard Gibbs, Chief Executive Officer, commented: "We are delighted to secure the first significant order with this customer having successfully completed a smaller development with them in the last calendar year. We look forward to working with the customer on this project and building on the relationship".
Enquiries:
Filtronic plc Tel. 01740 618800 or investor.relations@filtronic.com Richard Gibbs (Chief Executive Officer) Michael Tyerman (Chief Financial Officer) finnCap Limited Tel. 020 7220 0500 Jonny Franklin-Adams/George Dollemore (Corporate Finance) Alice Lane/Sunila de Silva (ECM) Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com Paul Vann Mob. 07768 807 631
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
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April 03, 2023 02:00 ET (06:00 GMT)
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