Trackwise Designs PLC Collaboration Agreement with GKN Aerospace (6419H)
02 August 2019 - 4:00PM
UK Regulatory
TIDMTWD
RNS Number : 6419H
Trackwise Designs PLC
02 August 2019
2(nd) August 2019
TRACKWISE DESIGNS PLC
("Trackwise" or the "Company")
Collaboration Agreement with GKN Aerospace
Trackwise Designs Plc (AIM: TWD), a leading provider of
specialist products using printed circuit technology, has signed a
Collaboration Agreement with GKN Aerospace, ("GKN"), the world's
leading multi-technology tier 1 aerospace supplier, for the
industrialisation of GKN Aerospace Type 8 Ice Protection System.
The Collaboration Agreement will see GKN Aerospace and Trackwise
build upon existing development work by advancing the manufacture
of Ice Protection Systems to rate production level capability.
Philip Johnston, Chief Executive Officer of Trackwise,
commented, "Following nearly two years of joint product
development, this is a significant milestone in our engagement with
GKN, taking us a step closer to aerospace production at scale. The
capabilities involved are wholly aligned with those being developed
by Trackwise for Improved Harness Technology(TM) and while
aerospace qualification is a lengthy process, the size of the
potential end markets means that the future revenue potential for
our technology is significant."
Enquiries:
Trackwise Designs PLC www.trackwise.co.uk
Philip Johnston, CEO +44 (0) 1684 299930
Mark Hodgkins, CFO
Arden Partners plc
NOMAD and Broker
Ciaran Walsh/Steve Douglas/Dan Gee-Summons +44(0)20 7614 5900
Alma PR
Financial PR and IR
Josh Royston/Caroline Forde/ Kieran Breheny +44(0)20 3405 0212
Notes to editors
Trackwise is an established business that manufactures
specialist products using printed circuit technology. The Company
consists of two divisions Radio Frequency ("RF") and Improved
Harness Technology ("IHT").
The RF business unit manufactures specialist printed circuits
which are primarily used in the antenna infrastructure to support
the 4G/5G mobile phone networks. However, the technology has a
number of other applications which render the RF business a stable
revenue generator.
The IHT division utilises the Company's unique proprietary
technology, a patented process that Trackwise has developed to
manufacture unlimited length multilayer flexible printed circuits.
The Directors believe that the technology has many applications but
believe one of its primary uses could be to replace traditional
wire harness used in a variety of industries.
Trackwise Designs plc was admitted to trading on AIM on 31 July
2018 with the ticker TWD.
For additional information please visit: www.trackwise.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGREAKPFEFFNEFF
(END) Dow Jones Newswires
August 02, 2019 02:00 ET (06:00 GMT)
Trackwise Designs (LSE:TWD)
Historical Stock Chart
From Apr 2024 to May 2024
Trackwise Designs (LSE:TWD)
Historical Stock Chart
From May 2023 to May 2024