Filtronic Regulatory News (FTC)

20 December 2023

Filtronic plc

("Filtronic")

New Contract Award

Filtronic increases penetration of the LEO Space Market with £4.8 million production contract

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and space markets, is pleased to announce a new contract win with a leading global provider of low earth orbit ("LEO") satellite communications equipment.

The contract, valued initially at $6.0m (£4.8m), with revenue expected to be recognised within calendar year 2024, is for the delivery of production volumes of the second generation of Filtronic's innovative Cerus32 solid state power amplifier ("SSPA") module. The SSPA modules will be installed in selected ground station locations as part of the customer's earth station antenna deployment which provides full E-band connectivity to the growing number of E-band enabled LEO satellites.

The Cerus Power Module utilises Filtronic's unique MMIC chip design and proprietary power combining techniques to provide a small form factor amplifier module with scalable output powers ranging from 4W to over 20W at E-band frequencies. Working closely with the customer, Filtronic have been able to accelerate the Cerus technology roadmap from the initial Cerus16 units supplied in early 2023, to the current Cerus32 module that is optimised for power and ease of field deployment. Future demand for Cerus32 SSPA modules under this contract will be considered as standard production volume but development of the Cerus SSPA platform will continue as the customer explores opportunities for higher power and alternative frequency bands.

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to continue our partnership with the leading global provider of LEO satellites and are pleased to supply production volumes of the Cerus32 SSPA module for deployment in its ground station antenna network. The customer has always valued the flexibility of the Cerus32 design, and with this new contract is keen to take advantage of the scalable form factor and the additional power our second-generation E-band product provides".

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