09 July 2018
Wheelsure Holdings plc
(“Wheelsure” or “WS Group” or the “Company”)
Full Tracksure Approval from RFI Italy
Wheelsure (NEX: WHLP), the NEX quoted industrial engineering company, is delighted to announce that its wholly owned subsidiary Tracksure Limited (“Tracksure”) has today received full approval from the Italian State Railway, Rete Ferroviaria Italiana (“RFI”) for its leading product, the Tracksure Locking Device.
The approval process has taken over eight years and the Tracksure Locking Device has been extensively tested by RFI in the laboratory as well as in track at several locations. As a result, RFI has confirmed that the Tracksure Locking Device cannot unscrew and has therefore approved it for all applications.
WS Group’s exclusive agent for Italy, who became a shareholder in the Company last year, is extremely pleased to now have the opportunity to start selling Tracksure products to all Italian rail operators working to the RFI’s specifications. The agent has already appointed a third-party Italian company to exclusively develop the future business with RFI.
Gerhard Dodl, CEO of Wheelsure Holdings plc and Managing Director of Tracksure Ltd, commented, “This is an exciting outcome and testimony to the reliability of Tracksure technology, which we believe will significantly help grow our business in Italy going forward.”
The directors of the Company are responsible for the contents of this announcement.
|Wheelsure Holdings plc||01525 840 557|
|Gerhard Dodl, CEO|
|Daniel Stewart & Company Plc||0207 776 6550|
|Daphne Zhang / David Lawman|
About Wheelsure Holdings plc
Wheelsure Holdings plc is a holding company for a group which develops and commercialises innovative products that meet safety needs throughout the world.