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Gloucestershire Business News

£600,000 electric car contract win for pioneering Tewkesbury firm

A pioneering firm from Tewkesbury have won a contract to supply advanced electronic circuits to an electric car manufacturer.

Trackwise Designs, who are based in Alexandra Way in Tewkesbury, have issued a statement to the Stock Exchange to confirm the £600,000 contract.

The order is the first for the company's flexible printed circuit technology, called Improved Harness Technology in 2020.

The statement said: "This initial order, in support of start of vehicle production, worth approximately £0.6m, follows successful funded development activities last year for this 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."

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