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 £0.35m, 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. 01740 618800 or investor.relations@filtronic.com |
| Richard Gibbs (Chief Executive Officer) |
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| Michael Tyerman (Chief Financial Officer) |
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| finnCap Limited | Tel. 020 7220 0500 |
| Jonny Franklin-Adams/Tim Harper (Corporate Finance) | |
| Alice Lane / Sunila de Silva (ECM) | |
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| Walbrook PR Limited | Tel. 020 7933 8780 or filtronic@walbrookpr.com |
| Paul Vann/Nick Rome | Mob. 07768 807 631/07748 325 236 |
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