Hardman & Co: Hardman Talks Video | Surface...

Hardman & Co Research Hardman & Co: Hardman Talks Video | Surface Transforms Surface Transforms presentation and Q&A with the Board 06-Oct-2022 / 12:05 GMT/BST Hardman Talks Video | Surface Transforms Presentation and Q&A with the Board In this edition of Hardman Talks we are joined by the senior management of Surface Transforms, the carbon ceramics brake manufacturer. Watch it here: https://youtu.be/8sjJvdG6SWw The company has just announced the completion of a placing and subscription to raise £16m and is now making an Open Offer to qualifying shareholders for another £3m of new shares. Management talks about how the proceeds of these fundraisings are necessary to build capacity to meet the accelerating demand from the world’s leading car manufacturers for the company’s product. The company has made substantial progress with OEMs on new orders. It already has sufficient orders to fully utilise the extra capacity provided by phase 2 of the expansion of the current Knowlsey factory, but no spare capacity to meet additional orders. The proceeds of the fundraising will be used to boost the potential output of the current factory by 50%, provide the working capital that further orders will entail and start work on the second factory. The company is one of only two carbon ceramic brake manufacturers in the world. The shares offer an opportunity to participate in a UK growth story in the manufacturing sector with good green credentials to boot. Watch the recording: https://youtu.be/8sjJvdG6SWw To be first in the know about Hardman & Co’s latest digital events, subscribe to the mailing list here. The Hardman Talks series is designed to share the latest sector insights and company investment cases from our corporate clients and our expert team of analysts. Click here to subscribe to the Hardman Talks channel on YouTube. Hardman & Co | 1 Frederick's Place | London | EC2R 8AE | www.hardmanandco.com Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors’ understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies’ profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1458415 06-Oct-2022