REG - Trackwise Designs - Extension of Reporting Deadline

Trackwise DesignsAnnouncement

29/06/2022 07:00

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RNS Number : 5480Q  Trackwise Designs PLC  29 June 2022

 

TRACKWISE DESIGNS PLC

("Trackwise" or the "Company")

 

Extension of Reporting Deadline

 

 

Trackwise Designs (AIM: TWD), a leading provider of specialist products using
printed circuit technology, announces that it now expects to publish its final
results for the year ended 31 December 2021, in the second half of July 2022
following completion of the audit.

 

Expectations for the FY21 results remain unchanged from the guidance provided
in the Company's FY21 trading update of 28 January 2022.

 

The delay in publication relates to the cumulative impact of Covid-19,
including related staffing absences, on the accounts preparation, completion
and audit process. The Company has been granted an extension of up to one
month for publication of its annual audited accounts for the year ended 31
December 2021, in line with the guidance provided by AIM Regulation in Inside
AIM on 27 January 2021.

 

 

Enquiries:

 

 Trackwise Designs plc                       +44(0)16 8429 9930
 Philip Johnston, CEO                        www.trackwise.co.uk (http://www.trackwise.co.uk)
 Mark Hodgkins, CFO

 finnCap Ltd                                 +44(0)20 7220 0500
 NOMAD and Broker
 Ed Frisby / Tim Harper - Corporate Finance
 Andrew Burdis / Barney Hayward - ECM

 Alma PR                                     +44(0)20 3405 0212
 Financial PR and IR
 David Ison / Josh Royston / Kieran Breheny

 

Notes to Editors

Trackwise is a UK-based manufacturer of specialist products using printed
circuit technology.

 

The full suite includes: Improved Harness Technology™ ("IHT") and Advanced
PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid
Multilayer products.

 

IHT uses a proprietary, patented process that Trackwise has developed to
manufacture multilayer flexible printed circuits of unlimited length. While
the technology has many applications, the directors expect that one of its
primary uses will be to replace traditional wire harness in a variety of
industries.

 

The Company manufactures on two sites, located in Tewkesbury and Stevenage
(following the acquisition of Stevenage Circuits Ltd in April 2020). It serves
customers in Europe and North America. The Company has acquired a third site
in Stonehouse Gloucestershire initially for its EV programme.

 

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker
TWD. For additional information please visit www.trackwise.co.uk
(http://www.trackwise.co.uk)

 

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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