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Last checked at 
8 Nov 2023 07:00
8 November 2023
Strip Tinning Holdings plc
("Strip Tinning" or the "Company")
New EV Sales Nomination
Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of a serial nomination for production parts across its EV business.
The nomination is for the supply of flexible printed circuits (FPCs) to a leading European manufacturer of advanced battery systems. The FPCs are for a mobile battery application used across a range of sectors, including the catering, construction, and film industries.
Under the terms of the nomination, supply will start in December 2023 and run until the end of 2025, with a forecast lifetime sales value of $1.0 million. Strip Tinning is replacing a non-European supplier part way through the product life cycle, hence the nomination's shorter than normal duration.
The Company is bolstered by a growing pipeline of opportunities across each of its divisions and remains confident of securing a major EV nomination in early 2024.
Adam Robson, Executive Chair of Strip Tinning, commented:
"Securing this EV nomination with a prominent new customer is a demonstration of the momentum we are seeing across the business. The order book across both divisions continues to build and we remain focused on converting our substantial sales pipeline."
Enquiries:
Strip Tinning Holdings plc Via Alma PR
Adam Robson, Executive Chairman
Richard Barton, Chief Executive Officer
Adam Le Van, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Sole Broker) +44 (0) 20 7496 3000
Rick Thompson
James Fischer
Alma (Financial PR) striptinning@almastrategic.com
Josh Royston +44 (0) 20 3405 0205
Joe Pederzolli
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