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Trackwise Designs Secures £2.4M Purchase Order from UK EV OEM Customer
December 27, 2021 | Trackwise Designs PLCEstimated reading time: Less than a minute
Trackwise Designs, a leading provider of specialist products using printed circuit technology, is pleased to confirm the receipt of the Q2 2022 purchase order of £2.4 million, in accordance with the Product Manufacture and Supply Agreement with its UK EV OEM customer. This Q2 purchase order follows the previously received 2022 forecast and the £0.39m purchase order for Q1 2022.
The Agreement is for the supply of the Company's Improved Harness Technology™-enabled (IHT) flexible printed circuit boards for use in high and low voltage circuits in the manufacturer's vehicle battery modules and battery packs. Trackwise's technology reduces part count and assembly time while saving on space and weight.
Philip Johnston, CEO of Trackwise, commented, "I am pleased to confirm the receipt of this Q2 purchase order, signalling the expected ramp-up in demand from our EV OEM customer throughout 2022."
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