Company Announcements

1 September 2020

TT Electronics plc

Collaboration on COVID-19 screening device

TT Electronics plc ("TT") notes the recent media coverage in relation to trials of Virolens®, a non-clinical COVID-19 screening device, at Heathrow airport.

TT has been working with iAbra, the creator of Virolens®, and its partners University of Bristol, Dell and Intel, to design, develop and test the prototype Virolens® screening device and to specify and design the manufacturing processes. 

TT has also been appointed exclusive manufacturing partner for the commercial launch of Virolens®. Revenues from Virolens® are dependent on iAbra's end customers converting expressions of interest into firm orders, and subject to Virolens® meeting further regulatory authority requirements.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance-critical applications.

The company operates in industries where there are structural growth drivers, working with market-leading customers primarily in aerospace and defence, medical and industrial sectors.  Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities including in the UK, US, Mexico, Sweden and Asia.

The company has three divisions.  The Power and Connectivity division designs and manufactures power application products and connectivity devices which enable the capture and wireless transfer of data.  We collaborate with our customers to develop innovative solutions to optimise their electronic systems.  The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for our product divisions and to customers that often require a lower volume and higher mix of products.  We manufacture complex integrated product assemblies for our customers and provide engineering services including designing testing solutions and value-engineering.  The Sensors and Specialist Components division works with customers to develop standard and customised solutions including sensors and power management devices.  Our solutions improve the precision, speed and reliability of critical aspects of our customers' applications. 

Cautionary statement

This announcement contains forward-looking statements. These have been made by the directors in good faith based on the information available to them up to the time of their approval of this update. The directors can give no assurance that these expectations will prove to have been correct. Due to the inherent uncertainties, including both economic and business risk factors underlying such forward-looking information, actual results may differ materially from those expressed or implied by these forward-looking statements. The directors undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.