Trackwise Announces Stevenage Circuits' Sale ProcessMay 17, 2023 | Trackwise Designs PLC
Estimated reading time: 1 minute
Trackwise Designs plc, a leading manufacturer of specialist products using printed circuit technology, announces the launch of a sale process for the Stevenage Circuits business, in order to allow the Company to focus its financial and management resources more fully on its core IHT business.
On 30 March 2023 the Company announced that, following an impairment review of Stevenage Circuits Limited ("SCL"), there would be an impairment charge related to SCL as laid out in that announcement.
Following a further internal review, the Board has resolved to commence a sale process for SCL (the "SCL Sale Process"). The SCL Sale Process may be by way of the sale of SCL (a 100% owned Group subsidiary), or by way of a business and assets sale or similar. The Board will assess the merits of expressions of interest received pursuant to the SCL Sale Process but wishes to be clear that there can be no certainty that a sale will go ahead, nor as to the terms of any such sale. Should a sale go ahead, the timing of the sale and receipt of any proceeds remains uncertain. Further details are provided below.
SCL operates from the Group's Stevenage site and forms the majority of the Group's Advanced PCB (APCB) business. Disposal of SCL would not impact the IHT business and would remove the risk of SCL diverting resources away from the IHT business.
Indium Corporation Regional Product Manager Wisdom Qu will present at the SMTA China South Technical Conference, held in conjunction with NEPCON Asia, on October 11 in Shenzhen, China.
Intel celebrated the arrival of its Intel 4 technology, which uses extreme ultraviolet (EUV) technology, and the first use of EUV in high-volume manufacturing (HVM) in Europe.
Siemens, TSMC Collaborate to Help Mutual Customers Optimize Designs Using Foundry's Newest Advancements09/29/2023 | Siemens
Siemens Digital Industries Software announced new certifications and collaborations with longtime partner TSMC, resulting in the successful qualification of multiple industry-leading Siemens EDA product lines for the foundry’s latest process technologies.
USPAE, DoD Launch $10 Million Defense Business Accelerator to Innovate Commercialization of Advanced Electronics09/29/2023 | USPAE
In a major initiative to innovate how the Department of Defense (DoD) spurs commercial technology development, the U.S. Partnership for Assured Electronics (USPAE) and DoD launched a Defense Business Accelerator (DBX) to open doors for industrial base growth and stimulate private investment.
Technica USA announced it has reached a Master Distribution Agreement with SAA to promote and support automation systems & technology offered by SAA.