NEW CONTRACT5 May 2021 09:08
Trackwise Signs New Deal With Swedish Customer
By Jaime Llinares Taboada
(Dow Jones) -- Trackwise Designs PLC said Friday that it has signed a new
contract with CathPrint AB under which it will supply the Stockholm-based
company with its Improved Harness Technology component parts.
The U.K.-based manufacturer of products using printed circuit technology said
that, under the multi-year agreement, development revenues are expected to
continue over the next two years and then be followed by larger turnover over
a further five years, subject to agreement on pricing and specification.
CathPrint intends to use Trackwise's IHT for incorporating electronic
components within medical devices such as catheters, probes and tubing.
In addition, Trackwise said it has appointed Steve Hudson as chief operating
officer.
Shares at 0801 GMT were up 15 pence, 6.7%, at 240 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT