Trackwise Designs Plc, a leading provider of specialist products using printed circuit technology based in Tewkesbury, has signed a Collaboration Agreement with Redditch-based GKN Aerospace, 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, said: “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.”
Trackwise manufactures specialist products using printed circuit technology. With a wide range of potential applications including telecommunications, aviation, automotive and defence, its products are exported around the world, including the USA, Australia, Europe and China.
In 2017 the company increased its manufacturing capabilities with a move to a modern factory and office facility in Tewkesbury, Gloucestershire and last year the company successfully listed on the London Stock Exchange’s Alternative Investment Market (AIM) – Trackwise Designs plc (LON:TWD).
In April Trackwise Designs announced that revenues for the previous year rose 23 per cent to £3.47 million