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Trackwise acquires new 77,000 sq. ft premises
Trackwise acquire new premises in Stonehouse
Trackwise is delighted to announce that further to the fundraising announced in November 2020, they have completed the acquisition of a 77,000 sq. ft freehold property in Stonehouse, Gloucestershire, for £2.8 million.
The property, selected after a comprehensive review process for its superior layout, location and costs, will enable Trackwise to significantly increase its production capacity to meet the expected demand for its Improved Harness Technology (“IHT”). In September 2020 the provider of specialist printed circuits signed a Product Manufacture and Supply Agreement with an EV OEM and expects future orders from customers in its targeted Medical, Aerospace, EV and also other industrial markets.
Trackwise will install an automated roll-to-roll IHT production line at the site with the intention of it being operational in the fourth quarter of this calendar year. The site has capacity for the installation of a second line in the future.
