Filtronic Regulatory News (FTC)

06 February 2024

Filtronic plc

("Filtronic")

New Contract Award

Filtronic secures a £7.8 million follow-on production order and a payload development

contract in the LEO space market.

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

The production order contract, valued at $9.9m (£7.8m), with revenue expected to be recognised within calendar year 2024, is for additional demand of Filtronic's innovative Cerus32 solid state power amplifier ("SSPA") module. This is the third and largest production order to date for the Cerus32 SSPA and it represents increased customer confidence in Filtronic technology following initial field deployment. The SSPA modules will be installed in ground station locations as part of the customer's earth station antenna network which provides full E-band connectivity to the growing number of E-band enabled LEO satellites.

The Cerus32 SSPA 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. Rapid deployment of modules in the field has enabled the customer to maintain a high-level of low latency network performance for a fast-growing subscriber base. 

The second contract with the same customer is a development agreement to accelerate the design and prototype delivery of an E-band module that would form part of the satellite payload and provide downlink connectivity to the E-band ground station. Subject to successful qualification testing and field trials this module will represent the first Filtronic product designed for space flight and is key part of our strategy to address the satellite element of the LEO space market.

Richard Gibbs, Chief Executive Officer, commented: "We are very pleased to continue our partnership with the leading global provider of LEO satellite broadband services, and proud of the way we have scaled our operations to supply production volumes of the Cerus32 SSPA module for their ground station network. The fact that the customer has also decided to fund Filtronic for their second-generation payload solution, due to be launched later this year, is a further testament to our credibility and expertise in RF design, and our ability to bring complex RF products to market for an aggressive launch schedule".

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