DJ Trackwise Designs (TWD): IHT capacity to be quadrupled
Edison Investment Research Limited
Trackwise Designs (TWD): IHT capacity to be quadrupled
20-Nov-2020 / 08:45 GMT/BST
London, UK, 20 November 2020
Trackwise Designs (TWD): IHT capacity to be quadrupled
Trackwise has announced a placing and open offer, potentially raising up to
GBP12.0m (gross). This is to fund a new manufacturing facility that is
expected to quadruple IHT production capacity. The additional capacity is
required to support the up to GBP38m electric vehicle (EV) contract announced
in September and potential volume orders from electro-surgical catheter
manufacturers and aerospace OEMs and suppliers.
Trackwise Designs is a UK manufacturer of specialist products using printed
circuit technology. These include a lightweight replacement for conventional
wiring harnesses known as IHT and RF antennae. In FY19, 64% of revenues
related to exports.
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