Simplifying bigly, Trackwise #TWD may still be cheap despite the +50% rise on the news below (£3M FY19 revs + £6.5M post period acquired revs = 4x sales, although not annualising in '20 at this rate)

A very big stretch but this reminds a me a little of Vicor $VICR, here's why. https://twitter.com/hareng_rouge/status/1306923231291551745

If you've ever seen what lives behind the nose and beneath the cockpit of any modern passenger jet, it looks like this. This is the A320: 70s design and clearly this is not going to fly (yep) in UAVs or indeed be what you're going to see when you pop the hood or bonnet in an EV

TWD make these things below - flexible printed circuit boards. Actually, everyone makes them but everyone can only make length limited and circuit limited ones. Better than the mess of cable harnesses in the aircraft but still limited - by length, size, form and circuit number.

TWD are patented and the only company able to offer Improved Harness Technology (IHT) - in short only this company can provide PCBs unlimited in length, able to take any shape, with multiple circuits and can be made in the down to the micrometre range.

Who cares?

You will, if you need a catheter. This is why US medical device makers are seeking out this tech. For aircraft you can imagine for yourself the benefits of this modern and literally flexible tech. GKN aerospace became a customer last year:

https://www.trackwise.co.uk/press/trackwise-signs-collaboration-agreement-with-gkn-aerospace/

For EVs, 3 killer apps:

1. Light, unlimited, capacity
2. Conventional auto electrics must overbuild: first meet first physical strength needs and then next, electric capacity. IHT means you build to electric specs only
3. It's structural, designed into the form of the vehicle

All cribbed from the below. As I mentioned in the tweet about the order news today, I'd only kept half an eye on this and the above is more or less why. The world's full of better mousetraps and this may be just another - but this order isn't a bad start. https://www.trackwise.co.uk/capabilities/iht/

Ex Bailie Gifford, seems quite keen on this

If I'm correct that Arrival is Trackwise's #TWD 's customer, this may be a meaningful development

"Help fuel its expansion, including plans to build a factory in South Carolina.. The investment values the U.K.-based manufacturer at around €3 billion" https://www.axios.com/blackrock-arrival-investment-electric-vehicles-6fa6523c-66a5-44b2-a25c-de1a4bc5eae7.html