Contract award from OEM 1

RNS Number : 6840N

Surface Transforms PLC

26 September 2019

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

26 September  2019

Surface Transforms plc

("Surface Transforms" or the "Company")

Contract Award from OEM 1

Surface Transforms (AIM:SCE) is pleased to announce that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to a major high performance automotive company - previously described by Surface Transforms as "OEM 1".

The Company has received the subsequent order, with sales revenue of £400k and expects to deliver the products in the current financial year ending 31 December 2019.

Specifically, the selection is as the tier one supplier of carbon ceramic discs on a track car.

Kevin Johnson, CEO said "We are delighted to win this contract with a new customer for the Company. We regard it as a further reference point for our technology and hope that this can be the foundation of a future relationship with this valued and potentially important customer"

For enquiries, please contact

Surface Transforms plc                                                  [phone]

Kevin Johnson, CEO

Michael Cunningham, CFO

David Bundred, Chairman

Cantor Fitzgerald Europe (Nomad & Joint Broker)      [phone]

David Foreman/ Michael Boot (Corporate Finance)

Caspar Shand Kydd/ Maisie Atkinson (Sales)

finnCap Ltd (Joint Broker)                                               [phone]

Ed Frisby/Giles Rolls (Corporate Finance)

Richard Chambers (ECM)

For further Company details, visit www.surfacetransforms.com

 

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