Benzinga | Oct 12, 2021 03:00PM EDT

RF Industries Secures $10M Follow-On Order For OptiFlex Solution

* RF Industries, Ltd. (NASDAQ:RFIL) received a follow-on order of more than $10 million from its new tier-1 wireless carrier customer at Cables Unlimited division for its OptiFlex hybrid fiber solution for use in the build-out of wireless tower sites.

* OptiFlex is a composite of multiple cables, including a variation of power, coax, ethernet and fiber.

* The company had received multiple large orders from this same customer earlier this fiscal year, including orders in March, May, and July.

* RF Industries' backlog now stands at $34.5 million, including this order. The company expects to start shipping against the new order during its next fiscal year, which begins November 1, 2021.

* Price Action: RFIL shares are trading higher by 0.73% at $7.75 on the last check Tuesday.