Tewkesbury tech company secures £1/2 million order from electric vehicle manufacturer

Trackwise

Tewkesbury-based Trackwise Designs, a leading provider of specialist products using printed circuit technology, has secured its first production order for its flexible printed circuit technology, Improved Harness Technology, for delivery this year. This initial order, supporting the commencement of vehicle production, is worth approximately £0.6 million, and follows successful funded development activities last year for an un-named UK-based designer and manufacturer of electric vehicles. 

IHT is being used for both HV and LV circuits in the vehicles’ batteries, reducing the part count, assembly time, and saving on space and weight.  

Philip Johnston, CEO of Trackwise, said: “The electric vehicle industry is one of a number of growth markets for Trackwise, and we are delighted to have been selected by an innovator in the field. Following successful development work last year, we are pleased to receive our first start of production order for IHT, the next step towards series production of IHT at scale.”

Trackwise floated on the London Stock Exchange Alternative Investment Market (AIM), in 2018 and last April reported a rise in revenues of 23 per cent to £3.47 million – on its 30th year on business.

Flexible printed circuit boards were first developed 50 years ago as a smaller and lighter alternative to traditional wire harnesses. Typically limited in size due to manufacturing constraints, Trackwise’s IHT products can be manufactured to any length, opening up their application to a wider segment of today’s billion-dollar global market.