Trackwise Designs (TWD) : Agreement in medical devices market

Edison Investment Research Limited 
Trackwise Designs (TWD): Agreement in medical devices market 
05-May-2021 / 07:00 GMT/BST 
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London, UK, 5 May 2021 
 
Trackwise Designs (TWD): Agreement in medical devices market 
Trackwise has announced a seven-year supply agreement with CathPrint, which has created a novel technique for 
manufacturing catheters. Assuming the ongoing development project supplying Trackwise's Improved Harness Technology 
(IHT) to CathPrint for advanced catheters is successful, this potentially represents sales of significant volumes of 
IHT for medical applications from FY23 onwards. This announcement coincides with the news that Trackwise has completed 
the acquisition of a new site in Gloucestershire, UK. The site will provide additional capacity to support potential 
volume programmes in the medical sector as well as the previously announced order worth up to GBP38m over three years 
from a UK electric vehicle (EV) OEM. 
 
In line with its expansion strategy outlined in November 2020, Trackwise has completed the acquisition of a new 77,000 
sq ft freehold property in Gloucestershire for GBP2.8m. Trackwise will install an automated roll-to-roll IHT production 
line at the site, which management expects will commence operation in Q421. Expansion into this site is critical to 
meet the production requirements for the EV OEM. The site will also be able to support volume production for the 
medical device market in future years. 
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1192518 05-May-2021

 
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May 05, 2021 02:00 ET (06:00 GMT)