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Gloucestershire Business News

Electrical component manufacturer agrees deal with global aerospace manufacturer

A Tewkesbury-based electrical components manufacturer have signed a collaboration agreement with one of the world's leading aerospace supplier.

Trackwise Designs PLC, who are based on Alexandra Way close to the M5 motorway in Northway made an announcement to the London Stock Exchange to confirm the news.

The company, who provide specialist products using printed circuit technology say the agreement will see them build upon existing development work.

Trackwise have enjoyed what they called a "transformational year" in 2018 after floating on the AIM market.

Revenues jumped by 23 per cent to more than £3.4million for the year for the company who employ 40 plus staff.

They also set a world record for producing the world's largest ever circuit board, a multi-layer flexible circuit that measured in at more than 26 metres in length.

Speaking of the agreement, Phillip Johnston, CEO 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 Technolog 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."

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