Extension of Reporting Deadline

RNS Number : 5480Q

Trackwise Designs PLC

29 June 2022

 

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

Extension of Reporting Deadline

Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces that it now expects to publish its final results for the year ended 31 December 2021, in the second half of July 2022 following completion of the audit.

Expectations for the FY21 results remain unchanged from the guidance provided in the Company's FY21 trading update of 28 January 2022.

The delay in publication relates to the cumulative impact of Covid-19, including related staffing absences, on the accounts preparation, completion and audit process. The Company has been granted an extension of up to one month for publication of its annual audited accounts for the year ended 31 December 2021, in line with the guidance provided by AIM Regulation in Inside AIM on 27 January 2021.

Enquiries:

Trackwise Designs plc	[phone]
Philip Johnston, CEO	www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby / Tim Harper - Corporate Finance
Andrew Burdis / Barney Hayward - ECM
Alma PR	[phone]
Financial PR and IR
David Ison / Josh Royston / Kieran Breheny

Notes to Editors

Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.

The full suite includes: Improved Harness Technology™ ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid Multilayer products.

IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.

The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe and North America. The Company has acquired a third site in Stonehouse Gloucestershire initially for its EV programme.

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

END

 

 

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