Strip Tinning Regulatory News (STG)

6 November 2023

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

New Glazing 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 new production nomination for its Glazing business.

The nomination is for the supply of glazing connectors to a range of leading global automotive OEMs including Mercedes, Volkswagen, Toyota and Skoda, for a number of battery and combustion engine-based vehicle programmes. 

Supply will commence in Q2 2024 and will continue for two to five years, depending on the end of production dates of the individual programmes. The lifetime sales value of the nomination is forecast to be c.?3m, of which ?525k is expected to be recognised in FY2024.

Adam Robson, Executive Chair of Strip Tinning, commented:  

"We are delighted to receive this nomination from one of our core Glazing customers, reinforcing Strip Tinning's position as a leading supplier of specialist Glazing connectors to all classes of automotive vehicles. Our expertise and consistent delivery of high-quality products leaves us well-placed to convert the growing new nominations pipeline across our Glazing and EV divisions."

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