30 June 2008
Surface Transforms plc
("Surface Transforms" or the "Company")
Four year agreement to supply a leading global automotive brake system supplier
Surface Transforms (AIM: SCE) is pleased to announce the signing of 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 and
the Company has sufficient manufacturing capacity to meet this demand.
The Company has delivered its first order under the terms of this agreement in
the second quarter of 2008.
Commenting, Dr Kevin Johnson, Chief Executive of Surface Transforms, said:
"This agreement demonstrates that Surface Transforms has the expertise in
advanced carbon fibres, and industrial fabrics which can provide a competitive
edge in composite brake technology and takes our leading-edge products into the
forefront of the international automotive performance brake market. The
expected revenue from this agreement is significantly greater than the total
revenue reported in the Company's audited accounts for the previous financial
year and represents a significant endorsement of the Company's technology".
Enquiries:
Surface Transforms plc
Dr Kevin Johnson, Dr Geoff Gould Tel: 0151 356 2141
Kevin D'Silva Tel: 07802 306956
John East & Partners Limited (Nomad and Broker)
Simon Clements Tel: 020 7628 2200
Hansard Group (PR) Tel: 020 7245 1100
John Bick/Chris Roberts
Redmayne Bentley (Private Client Broker)
Lucy Clapham/Simon Flather Tel: 01943 886600
Notes to Editors
Surface Transforms plc (AIM ticker: SCE) 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.
www.surface-transforms.com
SystemST is Surface Transforms' new Ceramic braking system for the performance
and prestige car market. By combining cutting-edge aerospace technology with
Formula 1 know-how tested to the highest specifications, this new product
delivers the ultimate in high-performance brakes which can be designed to last
the entire lifetime of a car. SystemST's features include: weight savings of up
to 70 per cent, improved friction coefficient, high energy absorption capacity,
reduced brake fade and improved brake wear.
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