Collaboration Agreement with GKN Aerospace

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™ 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                                                                    [phone]

Mark Hodgkins, CFO                                                              

Arden Partners plc

NOMAD and Broker

Ciaran Walsh/Steve Douglas/Dan Gee-Summons                   [phone]

Alma PR

Financial PR and IR

Josh Royston/Caroline Forde/ Kieran Breheny                         [phone]

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

 

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