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Pin to quick picksSurface Transforms Regulatory News (SCE)

Share Price Information for Surface Transforms (SCE)

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Share Price: 1.275
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Trading Statement

10 Jul 2008 07:00

10 July 2008 Surface Transforms plc ("Surface Transforms" or the "Company") Pre-close trading update for the year ended 31 May 2008 Highlights * Turnover increased by 90 per cent. to ‚£508,112 * Sales agreement with a leading global automotive brake system supplier * Order book increased by 138 per cent. to approximately ‚£300,000

Update

The Board of Surface Transforms, a manufacturer of high technology carbon ceramic materials for braking systems, is pleased to announce a trading update for the year ended 31 May 2008.

As announced on 30 June 2008, Surface Transforms signed a four year sales agreement with a leading global automotive brake system supplier for the supply of carbon fibre preform discs. The Directors believe, based on forecasts prepared by the brakes system supplier, that this contract could generate additional revenues of approximately ‚£300,000 - ‚£400,000 per annum over the life of the agreement.

The Company is pleased to announce that its financial performance for the year ended 31 May 2008 is broadly in line with market expectations. The Company expects to report turnover of approximately ‚£508,000, which is equivalent to an increase of 90 per cent compared to the corresponding period in 2007 of ‚£ 266,789. Losses after taxation for the year are expected to reduce by 8 per cent from ‚£646,422 in the comparative period in 2007 to approximately ‚£594,000. The cash position of the Company has increased to ‚£1,112,719 (2007: ‚£878,971), which is equivalent to approximately 5p per share. In addition, the Company's order book has increased by 137.91 per cent from ‚£126,097 as at 31 May 2007 to approximately ‚£300,000 as at 31 May 2008.

The Company expects to announce its final results for the year ended 31 May 2008 on 16 September 2008.

Commenting on the historic performance and outlook for the Company, Chairman, Kevin D'Silva, said:

"The Board is pleased with the progress in the year to 31 May and believes further significant progress will be made in the forthcoming financial year and is particularly encouraged by the automotive brake contract announced on 30 June 2008".

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

ENQUIRIES:Surface Transforms plc Kevin Johnson Tel: 0151 356 2141 Geoff Hall John East & Partners Limited Simon Clements Tel: 020 7628 2200 Hansard Group (PR) John Bick/Chris Roberts Tel: 020 7245 1100 Redmayne Bentley (Private Client Broker) Lucy Clapham/Simon Flather Tel: 01943 886600Notes to Editors

Surface Transforms plc is the UK's leading manufacturer of `next-generation' carbon fibre reinforced ceramic composite materials (CRFCs). The Company's high-performance products are being commercialised with major industry partners, for an expanding range of innovative global applications - using cutting-edge technology developed by the Company.

vendor
Date   Source Headline
28th Aug 20073:11 pmPRNHolding(s) in Company
24th Aug 200712:28 pmPRNResult of EGM
24th Aug 200712:02 pmPRNEGM Statement
16th Aug 20072:18 pmPRNAIM Rule 26 Announcement
31st Jul 20077:05 amPRNAdditional Listing
31st Jul 20077:00 amPRNFinal Results
25th Jun 20077:00 amPRNRe Agreement
15th May 20077:05 amRNSRace Tech Article
18th Apr 20077:00 amPRNDirector/PDMR Shareholding
11th Apr 20077:00 amPRNAppointment of secondary broker
2nd Apr 20073:52 pmPRNDirector/PDMR Shareholding
30th Mar 20077:00 amPRNGrant of options
29th Mar 20077:00 amPRNDirectorate Change
12th Mar 20077:00 amPRNChange of Registered Office
5th Mar 20077:00 amPRNDTI Grant Award
8th Feb 20077:00 amPRNInterim Results
29th Jan 20074:11 pmPRNNotice of Results
3rd Jan 20074:22 pmPRNHolding(s) in Company
18th Dec 20065:38 pmPRNTotal Voting Rights
24th Nov 20069:12 amPRNDirector/PDMR Shareholding
19th Oct 200611:30 amPRNAGM Statement
15th Sep 20067:00 amPRNRe: Contract
5th Sep 20067:00 amPRNDirectorate Change
17th Aug 20067:00 amPRNFinal Results
19th Apr 200611:32 amPRNDirector/PDMR Shareholding
19th Apr 200611:30 amPRNDirector/PDMR Shareholding
16th Mar 20067:00 amPRNKoenigsegg AB Supply Agreement
28th Feb 20067:00 amPRNInterim Results
2nd Feb 20068:24 amPRNNotice of Results
14th Dec 20057:00 amPRNTrading Statement
15th Nov 20057:01 amRNSAward of Grant
20th Oct 20051:31 pmRNSResult of AGM
28th Sep 200512:34 pmRNSDirector/PDMR Shareholding
15th Sep 20052:00 pmRNSIssue of Share Options
2nd Aug 20057:00 amRNSFinal Results
26th Jul 20057:00 amRNSNotice of Results
29th Jun 20059:43 amRNSRe Agreement - amended
29th Jun 20057:00 amRNSRe Agreement
23rd Jun 20057:00 amRNSAppointment of Adviser
5th Apr 20051:48 pmRNSDirector Shareholding
5th Apr 20057:01 amRNSIssue of Options
9th Mar 20058:39 amRNSRe Contract
23rd Feb 20057:01 amRNSInterim Results
27th Jan 20058:58 amRNSNotice of Results
13th Jan 20051:54 pmRNSTrading Statement

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