Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSurface Transforms Regulatory News (SCE)

  • This share is currently suspended. It was suspended at a price of 0.112
  • There is currently no data for SCE

TS16949 certification and Automotive progress

27 Aug 2015 07:00

RNS Number : 2106X
Surface Transforms PLC
27 August 2015
 

27 August 2015

 

 

Surface Transforms plc

 

("Surface Transforms" or the "Company")

 

TS16949 certification and Automotive progress

 

Surface Transforms (AIM: SCE) is pleased to announce that it has received its TS 16949 quality certification. TS 16949 is the quality management standard for the automotive industry and is a prerequisite standard to supply into the mainstream automotive market.

 

The Company achieved TS 16949 certification in line with the schedule agreed with its target mainstream volume car manufacturers.

 

Progress update on securing a major automotive OEM order includes:

 

· A review meeting between a British vehicle OEM, a major tier one international brake manufacturer and Surface Transforms has concluded that the product testing has been successful in achieving the vehicle manufacturer's requirements. All three parties agreed to progress to on-car validation which is underway;

 

· In parallel, the Company has progressed through a very detailed audit process with a premium German car manufacturer which is a crucial part of their new product introduction for new suppliers. Our customer has now entered the product validation phase of the programme; and

 

· Further work also continues on three other automotive game changing programmes; whilst the programmes are taking longer to complete there are no technical impediments in any programme.

 

In terms of adoption schedules, it is always difficult to predict when this will happen as the timing is not within the Company's control; however the Board is confident that they will be able to make positive announcements regarding this during the remainder of 2015 and early 2016.

 

Kevin Johnson, CEO said "We are delighted with achieving TS 16949 certification which further strengthens the Company's business processes. We are also excited and pleased with the customer feedback and progress being made in the automotive game changing opportunities."

 

Finally, the Company expects to announce its results for the year ended 31 May 2015 in mid-September 2015.

 

For enquiries, please contact:

Surface Transforms plc

Kevin Johnson, CEO

0151 356 2141

David Bundred, Chairman

07785 388 848

Cantor Fitzgerald Europe (Nomad & Broker)

020 7894 7000

David Foreman, Michael Reynolds (Corporate Finance)

David Banks, Tessa Sillars (Corporate Broking)

 

For further Company details visit www.surfacetransforms.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEEFIMFISELA
Date   Source Headline
26th May 20267:00 amRNSCancellation - Surface Transforms plc
22nd Apr 20264:31 pmRNSDisclosure Table
22nd Apr 20264:04 pmRNSAdministrators Appointed, End of FSP &Resignations
10th Apr 20263:27 pmRNSForm 8.3 - Surface Transforms Plc
9th Apr 20263:49 pmRNSNotice of Intention to Appoint Administrators
7th Apr 20262:38 pmRNSForm 8.3 - Surface Transforms PLC
1st Apr 202610:41 amRNSForm 8.3 - Surface Transforms PLC
30th Mar 20266:33 pmRNSForm 8.3 - Surface Transforms PLC
30th Mar 202610:08 amRNSForm 8.3 - Surface Transforms PLC
30th Mar 202610:07 amRNSForm 8.3 - Surface Transforms PLC
27th Mar 20262:00 pmRNSForm 8.3 - Surface Transforms plc
25th Mar 20263:43 pmRNSUpdate on Intention to Appoint Administrators
23rd Mar 20262:13 pmRNSForm 8.3 - Surface Transforms plc
20th Mar 202611:26 amRNSForm 8.3- Surface Transforms plc
20th Mar 20267:43 amRNSDisclosure Table
20th Mar 20267:30 amRNSContract Update, Launch of Strategic Review & FSP
12th Mar 20266:00 pmRNSSurface Transforms
12th Mar 202612:35 pmRNSContract update, suspension of trading and NOIA
3rd Mar 20261:32 pmRNSMajor Customer Update: Loss of Contract
19th Jan 20267:00 amRNSTrading and operations update
27th Nov 202512:03 pmRNSHolding(s) in Company
27th Nov 20257:00 amRNSAward of 2025 LTIP share options
9th Oct 20251:40 pmRNSDirector/PDMR Shareholding
7th Oct 20257:00 amRNSDirector/PDMR Shareholding
23rd Sep 20257:00 amRNSInterim Results and Trading Update
19th Sep 20257:00 amRNSChange from interim to permanent CFO
15th Sep 20258:34 amRNSHolding(s) in Company
5th Sep 20257:00 amRNSAppointment of Non-Executive Director
28th Aug 202511:58 amRNSHolding(s) in Company
22nd Jul 20252:59 pmRNSResult of AGM
22nd Jul 20257:00 amRNSTrading and operational progress update
12th Jun 20254:17 pmRNSDirector/PDMR Shareholding
12th Jun 202512:51 pmRNSDirector/PDMR Shareholding
11th Jun 20258:35 amRNSHolding(s) in Company
10th Jun 20257:00 amRNSYear end results and Notice of AGM
22nd May 20253:53 pmRNSChange from interim to permanent Non-Exec Chair
14th May 20255:27 pmRNSHolding(s) in Company
7th May 202511:33 amRNSHolding(s) in Company
6th May 202511:30 amRNSDirector/PDMR Shareholding
1st May 20257:00 amRNSShare Incentive Plan – Allocation of Share
25th Apr 202511:30 amRNSHolding(s) in Company
2nd Apr 20257:00 amRNSFinancing, trading and operations update
7th Mar 20259:36 amRNSHolding(s) in Company
6th Mar 20255:40 pmRNSHolding(s) in Company
6th Mar 20257:00 amRNSCFO retirement
28th Feb 202511:47 amRNSHolding(s) in Company
5th Feb 20257:00 amRNSHolding(s) in Company
4th Feb 20252:15 pmRNSFinancing, trading and operations update
17th Jan 20251:02 pmRNSHolding(s) in Company
15th Jan 20251:43 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.