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Pin to quick picksSurface Transforms Regulatory News (SCE)

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New Contract

30 Jul 2009 07:00

RNS Number : 5004W
Surface Transforms PLC
30 July 2009
 



 

Surface Transforms plc

("Surface Transforms" or "the Company")

New Contract 

Surface Transforms (AIM:SCE) is pleased to announce the award of a 2 year contract to the value of 245,000 from Microturbo SA Francewhich is part of the international high technology SAFRAN Group (www.safran-group.com) specialising in aerospace propulsion, aircraft equipment, defence, and communications which has sales in excess of €10 billion.

Microturbo (www.microturbo.fr) with sales of €85 million is one of the world leaders in gas turbine applications for missile propulsion, drones and UAV's, in addition to civil air and ground-based power units. The contract with Microturbo is linked to the development of ceramic materials and components for an uncooled turbine jet applicable to a range of European missiles. The key material attributes identified are low mass, high temperature capability giving additional system weight savings, and affordability. The programme will investigate the feasibility of using such material in the severe environment of a turbojet engine.

The work will be supported jointly by the UK and French Ministries of Defence as part of the Innovation and Technology Partnership (ITP) in the domain of Turbojet Propulsion: Materials for Uncooled Turbines. 

The contract has been awarded in relation to Surface Transforms' successful current ITP-funded 3 year contract with MBDA ithe domain of Materials and Components for Missiles, as announced on 18th February 2008. MBDA is the largest missile manufacturer in Europe and is a major customer of Microturbo. MBDA-France has overall responsibility for the industrial implementation all eight technical domains within the ITP initiative. Results from the current MBDA programme will be fed into the new contract with Microturbo.

 

Commenting, Kevin Johnson, Chief Executive of Surface Transforms, said:

"The contract with Microturbo is an important recognition and extension of our current work with MBDA over the past three years and continues to show that our carbon-ceramic is now a strategic material which gives significant performance advantages over carbon-carbon and huge weight savings over advanced metal alloys. We can deliver distinct cost benefits with improved performance using our proprietary technology. Working with Microturbo significantly strengthens our position in the defence industry" 

-ends-

For further Company details visit www.surface-transforms.com

Enquiries:

Surface Transforms plc, Dr Kevin Johnson/Geoff Hall

Tel: +44(0)1513 562 141

 Seymour Pierce LimitedNandita SahgalChristopher Wren Tel:+44 (0)20 7107 8047

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTRLMJTMMJTBFL
Date   Source Headline
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28th Feb 20144:35 pmRNSHolding(s) in Company
3rd Feb 20147:00 amRNSHalf Yearly Results
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2nd Aug 20137:00 amRNSDirector/PDMR Shareholding
1st Aug 20137:00 amRNSPreliminary Results and Notice of AGM
6th Mar 20137:00 amRNSNew Technology Transfer Agreement Signed
28th Feb 20137:01 amRNSChange of Adviser
28th Feb 20137:00 amRNSResult of Open Offer
27th Feb 201312:17 pmRNSResult of GM
31st Jan 20137:34 amRNSPlacing, Open Offer & Notice of General Meeting
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14th Dec 20127:00 amRNSHalf Yearly Report
13th Dec 20126:13 pmRNSHalf Yearly Report
30th Oct 20122:16 pmRNSResult of AGM
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20th Aug 20127:00 amRNSFinal Results and Notice of AGM
18th Jul 20127:00 amRNSNew Supercars Adopt STs' Brake Discs
13th Jun 20127:00 amRNSPre-Close Trading Statement and Issue of Shares
5th Apr 20124:58 pmRNSHolding(s) in Company
9th Mar 201212:28 pmRNSHolding(s) in Company
29th Feb 20129:30 amRNSDirector/PDMR Shareholding
21st Feb 201210:04 amRNSGrant of Share Options
31st Jan 20127:00 amRNSHalf Yearly Report
25th Jan 201211:15 amRNSNew Distribution Agreement
23rd Jan 20123:45 pmRNSIssue of Options
15th Nov 201110:35 amRNSDirector Shareholding
4th Nov 201110:37 amRNSHolding(s) in Company
21st Oct 201111:30 amRNSDirector/PDMR Shareholding
19th Oct 20117:00 amRNSHolding(s) in Company
17th Oct 20117:00 amRNSResult of AGM and Directorate Changes
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5th Aug 20117:00 amRNSFinal Results and Notice of Annual General Meeting
16th Jun 20117:00 amRNSPre Close Trading Statement
3rd Mar 20117:00 amRNSSurface Transforms signs Distribution Agreement
24th Feb 20117:00 amRNSHalf Yearly Financial Results
7th Feb 201112:40 pmRNSNotice of Half Yearly Report - replacement
7th Feb 201111:54 amRNSHalf Yearly Report
25th Nov 20102:00 pmRNSResult of EGM and of the Placing and Open Offer
3rd Nov 20107:00 amRNSShareholder Circular of Placing and Open Offer
5th Oct 20107:00 amRNSNew Development Agreement
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