Key Developments: Torotrak PLC (TRK.L)
29.38GBp
24 May 2013
0.00p (+0.00%)
29.50p
29.00p
29.55p
29.00p
48,237
194,731
41.51p
23.25p
Latest Key Developments (Source: Significant Developments)
Torotrak plc Signs Agreement With Tata Steel Uk Limited, Mira Limited And Productiv Limited To Join UK Government Funded Manufacturing Initiative
Torotrak plc announced that it has concluded a collaboration agreement with Tata Steel UK Limited, MIRA Limited and Productiv Limited, which are the lead partners in a government-backed initiative to help bring UK low carbon technologies to market. This agreement centres around the creation of The Proving Factory, which allows the Company to benefit from shared development, manufacturing and quality processes. The arrangements allow the Company to benefit from the industrialization provided by the partners as well as enjoy support from grant funding via the Advanced Manufacturing Supply Chain Initiative (AMSCI). The Proving Factory will work with Torotrak to create production-ready, validated design and then take this from prototype and pilot production through to medium volume manufacturing. Full Article
Torotrak plc Announces Management Change
Torotrak plc announced that Dick Elsy is stepping down as Chief Executive Officer (CEO) and will leave the Board of Torotrak and the Company on 28 September 2012. Dick is succeeded by Jeremy Deering, Torotrak's Finance and Commercial Director, who has been appointed as CEO. Jeremy has been with Torotrak since 2006 and has been instrumental in the strategic and commercial development of the Company. Full Article

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