With the recently announced up to £38m EV OEM agreement still fresh in the memory, Trackwise Designs plc were pleased to be able to announce that their recent equity funding by way of placing an open offer was oversubscribed and raised £12.5m.
Long term Trackwise growth
The provider of specialist products using printed circuit technology based in Tewkesbury, Gloucestershire, is looking to increase their Improved Harness Technology™ (IHT) manufacturing capability and capacity in the UK. They are also looking to further capitalise on the growing pipeline of IHT revenue opportunities in the Electric Vehicle, Medical and Aerospace verticals.
Philip Johnston, CEO of Trackwise, commented:
“It has been a transformational 12 months for Trackwise, and the recent major agreement with an Electric Vehicle manufacturer demonstrates the significant traction our Improved Harness Technology™ is gaining in the market.
“We are delighted by the support shown by new and existing investors, providing us with the means to deliver against our growing pipeline of revenue opportunities across our primary target markets of EV, Medical and Aerospace, thereby maximising our long-term growth.”
Improved Harness Technology™
The patented, proprietary technology, Improved Harness Technology™, brings the proven benefits of flexible printed circuits – weight saving, space saving, improved precision, improved reliability – to system level applications. And although a few manufacturers worldwide can produce very large pcbs, Trackwise in unique in that it can offer length-unlimited multilayer flexible printed circuits.
For more information on how Trackwise’ IHT can help with any of your projects, please contact us