PTC Industries Limited has informed the Exchange regarding a press release dated March 10, 2026, titled "Trac Precision Solutions Enters Five-Year Strategic Collaboration with Coolbrook to Support RotoDynamic Electrification Technology Development".
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Trac Precision Solutions, a UK-based step-down subsidiary of PTC Industries, has signed a five-year Memorandum of Understanding with Finland-based Coolbrook Oy to manufacture components for Coolbrook's RotoDynamic Heater (RDH) technology. Coolbrook intends to appoint Trac as its preferred machining partner for aerofoil components, with collaboration starting at the Design for Manufacture stage. The RDH technology can reach temperatures up to 1700°C and aims to replace fossil fuel combustion in hard-to-abate sectors like steel, cement, petrochemicals, and chemicals, potentially cutting 2.4 billion tonnes of CO2 emissions annually. The MoU is non-binding except for confidentiality provisions, but establishes a structured long-term framework for precision manufacturing and clean-tech industrial scale-up.
This is a positive signal as it gives PTC's subsidiary Trac medium-term production visibility in the global clean-tech and industrial decarbonisation supply chain, potentially opening a new high-value revenue stream. The non-binding nature of the MoU tempers near-term upside, but it strengthens the group's positioning in next-generation industrial technology manufacturing.