IN BRIEF: Filtronic wins USD800,000 radio receiver contract in US

Filtronic PLC - Yeadon, England-based telecommunications firm - Wins "significant" new contract ...

Alliance News 20 October, 2021 | 11:51AM
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Filtronic PLC - Yeadon, England-based telecommunications firm - Wins "significant" new contract for pilot phase production units following a successful product development of over-the-air 5G mmWave modules for the test equipment market.

"The new contract, valued at USD800,000, is of strategic importance as it fulfils the objective of broadening the customer base and it addresses an adjacent market we have been actively targeting for growth," company says.

The contract is for a unnamed US-based RF test equipment company. Filtronic will build RF front-end modules for next generation over-the-air 5G test equipment.

"This pilot phase order is deliverable over a period of 18 months, with revenue predominantly recognised in 2023. The new contract follows an initial USD1.0 million development order for the original design and development of the modules awarded in February 2020," Filtronic says.

Current stock price: 11.08 pence; up 3.1% on Wednesday

Year-to-date change: up 28%

By Paul McGowan; paulmcgowan@alliancenews.com

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Security Name Price Change (%) Morningstar
Rating
Filtronic PLC 10.50 -

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