02:00 Thu 10 Sep 2020
TT Electronics PLC - Ground-breaking COVID-19 screening device launched
Ground-breaking COVID-19 screening device launched
Further to its initial announcement on
Description of the Virolens® screening device
The Virolens® COVID-19 screening device uses microscopic holographic imaging and artificial intelligence (AI) software technology to detect the presence of the COVID-19 virus from a non-intrusive saliva swab test within 20 seconds. The device does not need to be administered by healthcare professionals and is expected to be used in airports, offices, sports venues and many other locations where people need to be in close proximity to each other.
Virolens® will enable safer access for everyone to places of work, transport and events by providing a quick, easy, repeatable and low-cost COVID-19 test, allowing hundreds of tests per machine each day. It will allow people to get on with their everyday lives in the knowledge they are in a safe environment. In partnership with
Initial commercial launch and potential
TT has been appointed exclusive manufacturing partner for the commercial launch of Virolens®, which incorporates a number of TT proprietary products. TT has received initial orders for devices and testing cartridges which will be delivered to potential launch customers in September and
Selection of TT as a Virolens® partner
iAbra is a technology company founded in 2010 and headquartered in
Manufacturing in TT's
TT will manufacture Virolens® at its
Commenting
"I am proud that we are a core part of the team behind the ground-breaking Virolens® programme. This project is evidence of the success of our strategy to position the business in higher technology, structural growth markets, using our engineering expertise to develop products in collaboration with our customers.
Virolens® has the potential to be a major step forward in dealing with the impact of the COVID-19 pandemic, by allowing safer access to places of work, transport and events. TT's leading-edge products and flexible manufacturing capabilities provide significant support to critical aspects of the Virolens® device.
This programme also has the potential to deliver a step change in TT's organic growth and to accelerate the achievement of our target operating margins. Assuming the launch is successful, there are significant opportunities around the world for further orders."
For further information please contact:
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Tel: +44 (0)1932 827 779 |
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MHP |
Tel: +44 (0)7860 821 978 |
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About
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
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.
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