21 January 2019 – distribution agreement
The company has announced that it has entered into a distribution agreement with Quintel USA for the latter to distribute Filtronic antenna products in the US. Quintel is an established designer and manufacturer of innovative antennas and Filtronic’s range is complementary to these with little overlap in the product line up. Quintel has a comprehensive sales channel and the agreement will provide Filtronic with an excellent opportunity to gain greater traction in the US market. This is clearly positive news for the company and the shares are a SPECULATIVE BUY.