Trackwise Designs Plc manufactures specialist products using printed circuit technology. The range of potential applications for their products includes telecommunications, aviation, automotive and defence.
Based in Tewkesbury, this established business consists of two divisions – Radio Frequency and Improved Harness Technology. The Radio Frequency business unit makes specialist printed circuits primarily used in the antenna infrastructure to support 3G/4G and soon to be 5G networks. The company's patented technology is utilised by the Improved Harness Technology unit to manufacture unlimited length multilayer flexible printed circuits. The company exports over 70 per cent of its output, primarily to continental Europe.
In July 2018, we advised Trackwise on its admission to the AIM Market of the London Stock Exchange. On admission, Trackwise, based on a placing price of 105p per placing share, had a market capitalisation of £15.5m, following an oversubscribed £7m fundraising. £5.5m was raised for the company and £1.5m for the selling shareholders. Trackwise will use the IPO funds to support further product development and to invest in its global sales programme.