26 Sep 2019 07:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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26 September 2019
Surface Transforms plc
("Surface Transforms" or the "Company")
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Contract Award from OEM 1
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Surface Transforms (AIM:SCE) is pleased to announce that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to a major high performance automotive company - previously described by Surface Transforms as "OEM 1".
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The Company has received the subsequent order, with sales revenue of ÂŁ400k and expects to deliver the products in the current financial year ending 31 December 2019.
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Specifically, the selection is as the tier one supplier of carbon ceramic discs on a track car.
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Kevin Johnson, CEO said "We are delighted to win this contract with a new customer for the Company. We regard it as a further reference point for our technology and hope that this can be the foundation of a future relationship with this valued and potentially important customer"
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For enquiries, please contact
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Surface Transforms plc +44 151 356 2141
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Kevin Johnson, CEO
Michael Cunningham, CFO
David Bundred, Chairman
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Cantor Fitzgerald Europe (Nomad & Joint Broker) +44 20 7894 7000
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David Foreman/ Michael Boot (Corporate Finance)
Caspar Shand Kydd/ Maisie Atkinson (Sales)
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finnCap Ltd (Joint Broker) +44 20 7220 0500
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Ed Frisby/Giles Rolls (Corporate Finance)
Richard Chambers (ECM)
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For further Company details, visit www.surfacetransforms.com
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