The group announced that it has secured a replacement agreement with its UK EV OEM, including a cash receipt of £3.99m in 2022 and a fixed-quantity production order. The group continues to have large-scale market opportunities for the adoption of its IHT into EVs, aerospace and medical markets. Over the next two years, the EV space looks to be the early adopter of the technology for use in Battery Cell Connection Systems (CCS) and has a pipeline of EV opportunities with both start-up and traditi ....
21 Oct 2022
Trackwise Designs - New OEM agreement, cash payment and production order
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Trackwise Designs - New OEM agreement, cash payment and production order
- Published:
21 Oct 2022 -
Author:
David Buxton -
Pages:
5
The group announced that it has secured a replacement agreement with its UK EV OEM, including a cash receipt of £3.99m in 2022 and a fixed-quantity production order. The group continues to have large-scale market opportunities for the adoption of its IHT into EVs, aerospace and medical markets. Over the next two years, the EV space looks to be the early adopter of the technology for use in Battery Cell Connection Systems (CCS) and has a pipeline of EV opportunities with both start-up and traditi ....