Filtronic PLC New Contract Win

TIDMFTC

Filtronic PLC

28 June 2022

Filtronic plc

("Filtronic")

NEW CONTRACT WIN

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and critical communications markets , is pleased to announce the award of a new contract win with a quantum computing company for the design, development and supply of microwave filters and diplexers.

The new contract, valued at GBP0.35m, was awarded to Filtronic because of its long-established experience of designing compact, high-performance filter and diplexer modules. The application will be used within the microwave circuits of both the external control rack and the cryogenic dilution refrigerator of a quantum computer. Filtronic's extensive mmWave heritage and know-how enables critical, out of band performance to be characterised and verified. The project is expected to complete within FY2023.

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to win this contract demonstrating the flexibility of the technology we offer and its use across many adjacent markets. Filters are a cornerstone of our heritage, and we will continue to seek out opportunities for this technology in products and markets that require complex solutions and are non-commoditised. Quantum computing is an exciting new market which we believe could lead to further work."

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/Tim Harper (Corporate Finance) 
 Alice Lane / Sunila de Silva 
  (ECM) 
 
 Walbrook PR Limited                Tel. [phone] or [e-mail] 
 Paul Vann/Nick Rome                Mob. [phone] 
 

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June 28, 2022 02:00 ET (06:00 GMT)