Trackwise announce trading figures and appointment of CFO
Summary
The number of engaged IHT customers increased as the Company continues to grow its opportunities across its primary target markets of Electric Vehicles ("EV"), Medical and Aerospace. The plant at Stonehouse, to increase IHT manufacturing capacity, has continued to progress in line with the recent Fundraise announcement of 16 December 2021 and the Company remains on track to deliver the remainder of the agreed volumes with its UK EV OEM customer. The Company is pleased to announce that Paul Cook has been appointed as CFO Designate (initially a non-board position) effective 10 January 2022. Notwithstanding the various challenges posed by an uncertain economic environment, we continued to build out our operations to lay the foundations for sustainable, long-term growth. Supported by an increasingly robust organisational infrastructure and with a highly desirable product that has a growing reputation, the Board is confident 2022 will see continued progress in the Companys commercial and operational development and looks forward to the future with optimism."