Prof. Rhodes: We are a 25-year-old company and have been public for nine years. We are in the customized microwave components subsystems business and currently our main business areas are the transmit/receive modules in base stations for mobile communications, the antennas for mobile handsets and electronic warfare, where we supply complex products for Europe, the US and the rest of the world. We also do point-to-point transceivers for the communications industry; basically interconnect between base stations; and then finally we have a large compound semiconductor facility in the north of England which is only just coming on stream.
TWST: Can you describe the competitive
landscape and how you see yourself positioned in the space?
Prof. Rhodes: Well, I think it depends on the business sector. In the wireless infrastructure business where we supply the transmit/receive modules. I believe that we are the number one independent supplier in the world. On the handset side, we are the number one supplier in the world of antennas for mobile phones. We sold well over 100 million last year and we anticipate that we will maintain that position going forward. On the defense side, we see a 30% compound growth over the next several years on programs where we are moving into production; in other words, already established business. Our big growth, where we believe it’s going to materialize for us, is going to come from different aspects of our compound semiconductor capability. This is for both the defense and commercial areas, but the biggest growth will be mainly for the large power amplifiers in base stations.
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