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The year under review saw steady progress as we further
developed our strategy of broadening our customer base and
the markets we serve. Although sales revenue reduced, a
good sales mix along with the initial fulfilment of the previously
announced defence contracts enabled gross margins to
improve, with the result that operating profitability was
marginally higher than in the comparative period.
The reduction in sales resulted from a combined impact
of lower than expected demand for our customer-specific
integrated ultra wide band antennas and delays in the
production ramp of our new defence contracts that did not
achieve full production capacity until the final quarter of the
year. In the second half of the year, we also saw a softening
of demand for legacy filter products as some of these
programme roll-outs naturally concluded.
We are, however, very pleased with the progress made
through the year in developing, refining and executing our
strategies to prepare the business for 5G deployment and
to increase our participation in markets other than mobile
telecommunications infrastructure. We were particularly
pleased to announce the award of a development contract
for Massive MIMO (“mMIMO”) antennas from Nokia. This is
strategically significant as mMIMO is a fundamental technique
that will be used in the development and deployment of 5G
systems. The mMIMO antenna is complex, but we have been
able to leverage our prior IP to accelerate the development
phase and we anticipate that, having recently received initial
orders, production will commence in the first half of FY2019.

Operational highlights
• Secured a development contract with a major
OEM to design and supply Massive MIMO
antennas, a key product in network densification
using techniques that will form the basis of 5G
systems.
• Second major contract win secured in the year
for our Tier 1 European defence customer.
The contract, valued at £4.8m, is to be supplied
over three years. Production rates reached full
contractual requirements by the close of the year.
• Another year of strong demand for filter products,
with the main growth driven by our customer in
public safety, the largest OEM supplier in the public
safety communications market.
• Approved as a vendor by a major US mobile
network operator to supply 5G Evolution antennas
and recently qualified by a major MNO in EMEA for
another of our antenna products.
• Selected by a leading OEM to supply Orpheus
E-band transceivers into their new E-band backhaul
radio.
• Reorganisation of the business to capitalise on
opportunities in 5G as we leverage our
operational and engineering capabilities

Operational highlights
• Secured a development contract with a major
OEM to design and supply Massive MIMO
antennas, a key product in network densification
using techniques that will form the basis of 5G
systems.
• Second major contract win secured in the year
for our Tier 1 European defence customer.
The contract, valued at £4.8m, is to be supplied
over three years. Production rates reached full
contractual requirements by the close of the year.
• Another year of strong demand for filter products,
with the main growth driven by our customer in
public safety, the largest OEM supplier in the public
safety communications market.
• Approved as a vendor by a major US mobile
network operator to supply 5G Evolution antennas
and recently qualified by a major MNO in EMEA for
another of our antenna products.
• Selected by a leading OEM to supply Orpheus
E-band transceivers into their new E-band backhaul
radio.
• Reorganisation of the business to capitalise on
opportunities in 5G as we leverage our
operational and engineering capabilities

At 31 May 2018, the Group had an undrawn invoice discount facility with Barclays Bank of £3.0m which enables it to
borrow up to 65% of the debtor book in the UK. In addition to the facility with Barclays Bank, the Group entered into
an agreement with Wells Fargo Bank after the year end for a facility of $4.0m enabling it to borrow up to 85% of the US
debtor book.
The bank loan, with a current carrying value of £217k, relates to an asset-based loan for plant and equipment at our facility
in Sedgefield.
Banking facilities
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i see 100,000 and 150,000 buy are buying again

7p would be a goog start

may we see blue today

Hopefully good day today we should get a rise

One major element of this 5G City was a so-called '5G Stadium,’ which specifically demonstrated how massive MIMO technology can enable crowds of people to simultaneously stream HD video without any delays or interruptions.

he advantage of a MIMO network over a regular one is that it can multiply the capacity of a wireless connection without requiring more spectrum. Reports point to considerable capacity improvements, and could potentially yield as much as a 50-fold increase in future.

The more antennas the transmitter/receiver is equipped with, the more possible signal paths and the better the performance in terms of data rate and link reliability.

There’s no set figure for what constitutes a Massive MIMO set-up, but the description tends to be applied to systems with tens or even hundreds of antennas. For example, Huawei, ZTE, and Facebook have demonstrated Massive MIMO systems with as many as 96 to 128 antennas.

Massive MIMO technology will almost certainly be a core component of the super-fast 5G networks of the future. Indeed, several mobile network operators around the world have already begun rolling it out ahead of 5G’s arrival in 2020.

MIMO and 5G

While standard MIMO principles are already in use across multiple Wi-Fi and 4G standards, Massive MIMO will really come into play once 5G arrives. Indeed, it’s widely expected that Massive MIMO will be a key enabler and foundational component of 5G.

One of the key roles of any 5G network will be to handle the huge increase in data usage that’s around the corner. Cisco estimates that by 2020 - when 5G is set to roll out in the UK - there will be 5.5 billion mobile users around the world, each consuming 20GB of data per month on average. That’s not even factoring in the huge impact the Internet of Things is predicted to have on our mobile networks.

Massive MIMO’s ability to serve multiple users - and multiple devices - simultaneously within a condensed area while maintaining fast data rates and consistent performance makes it the perfect technology to address the needs of the forthcoming 5G era.

who ..

we are on the hot chat topics board now ..
see if we can get them to part with some money ..ha ha

would be nice

take out 8.40 // we minght see 9p today

it look like it

seeing 8.49 being paid ..
is this ready to pop..