Rakon Secures Significant Orders

Rakon Limited
T +64 9 573 5554, F +64 9 573 5559
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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12 February 2021

Rakon Secures Significant Orders
The Rakon Limited Board of Directors is pleased to advise that Rakon has secured several significant
orders from new and existing customers including a material order from a new multi-national
customer. Rakon expects to deliver the majority of these orders in FY2022, with the balance in FY2023.
Indicatively, Rakon expects that these orders will increase its revenue in FY2022 by at least 20% from
FY2021.
To produce and deliver the volumes in these orders requires an increase in capacity at Rakon’s New
Zealand operations. In addition to sourcing materials for the products, Rakon is investing in equipment
for additional manufacturing and testing capability, and hiring extra technicians, operators and
engineers to meet the demand.
These orders are not expected to impact Rakon’s financial performance for FY2021 and Rakon
confirms its current guidance for FY2021 of Underlying EBITDA
1
of between NZ$20 million and NZ$22
million.
After Rakon has completed its business planning and budgeting for FY2022, including these new orders
and associated additional revenue and costs, Rakon expects to provide earnings guidance for FY2022
by the end of March 2021.
The increased business activity involved with these orders will require Rakon to manage heightened
risks, including relating to its supply chain and operations, as well as the continuing risks from the
ongoing COVID-19 pandemic and geopolitical issues.
As 5G networks continue to roll out globally and TCXO shortages, resulting from a factory fire at Asahei
Kasei Microdevices (AKM) in Japan, persist, as well as a consumer device boom, Rakon has been able
to capitalise on what was already a constrained TCXO market across a range of applications in both
existing and new sectors. Rakon also sees significant growth in fibre networks worldwide resulting in
unprecedented demand for its Mercury OCXOs.
-Ends-

Contact:
Brent Robinson
Chief Executive Officer & Managing Director
+64 9 571 9201
Anand Rambhai
Chief Financial Officer
+64 9 571 9225


1
Refer to Note 4 of the 2020 audited consolidated financial statements for an explanation of how ‘Non-GAAP Financial Information’ is used,
including a definition of ‘Underlying EBITDA’ and reconciliation to NPAT.
About Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are
Telecommunications, Global Positioning and Space and Defence. Rakon products are found at the
forefront of communications where speed and reliability are paramount. The company’s products
create extremely accurate electric signals which are used to generate radio waves and synchronise

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time in the most demanding communication applications. Rakon has three manufacturing plants, and
has six research and development centres. Customer support personnel are located in sixteen offices
worldwide. Rakon is proud of its New Zealand heritage; it was founded in Auckland in 1967. It is a
public company listed on the New Zealand stock exchange, NZX, ticker code RAK.
www.rakon.com