Filtronic PLC
05 May 2006
5 May 2006
FILTRONIC PLC
Filtronic plc and Powerwave Technologies announce negotiations for sale of
businesses within the Wireless Infrastructure division of Filtronic plc
Filtronic plc ('Filtronic'), a leading global designer and manufacturer of
customised microwave electronic subsystems for the wireless telecommunications
and defence industries, and Powerwave Technologies, Inc. (NASDAQ:PWAV), a global
supplier of end-to-end wireless solutions for wireless networks, today announced
that the companies have entered into a period of exclusive negotiations for the
disposal of Filtronic's filter-based transmit receive module and power amplifier
businesses of its Wireless Infrastructure Division. For the avoidance of doubt,
there can be no certainty that these negotiations will result in any transaction
being completed. We will have no further comment until an agreement is reached
or the discussions are terminated.
Contacts:
Filtronic plc
Professor David Rhodes, Chairman 07850 827 280 (mobile)
Charles Hindson, Group Finance Director 07800 706 319 (mobile)
Filtronic website: www.filtronic.com
Powerwave Technologies, Inc.
Kevin Michaels 001 - 714-466-1608
Parkgreen Communications
Peter Binns 020 7786 9600/ 07768 392 582
This information is provided by RNS
The company news service from the London Stock Exchange