Retirement of non-executive director

RNS Number : 5363W

Surface Transforms PLC

19 August 2022

 

19 August 2022

Surface Transforms plc.

("Surface Transforms" or "the Company")

Retirement of non-executive director

Surface Transforms (AIM:SCE), manufacturer of carbon fibre reinforced ceramic automotive brake discs announces that Richard Gledhill has advised that he wishes to retire from the board with effect from 30 October 2022.

Richard Gledhill joined Surface Transforms in 2009 and has served as a non-executive director since that time.

David Bundred (Chairman) said: "The Company and his fellow directors want to thank Richard for his huge contribution to both the business and technical development of the Company over his period in office. Whilst we knew this time would come and have prepared for Richard's departure with recent appointments to the Board, we will greatly miss his participation in the Board discussions. We have a lot to thank him for and wish him well in his thoroughly deserved retirement."

Kevin Johnson (CEO) said "Having worked alongside Richard for over 10 years, his knowledge, expertise and friendship have been immensely valuable to the Company's development and journey. I can say, without hesitation, that his support has enabled the Company to overcome many challenges and experienced many successes. Mine and the Company's thanks is heartfelt and I look forward to hearing about Richard's other exciting endeavors in the future."

For enquiries, please contact:

Surface Transforms plc

Kevin Johnson, CEO   [phone]

Michael Cunningham CFO

David Bundred, Chairman

Zeus (Nominated Advisor and Joint Broker)    [phone]

David Foreman / Dan Bate / James Edis (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint Broker)     [phone]

Ed Frisby / Abigail Kelly (Corporate Finance)
Richard Chambers / Barney Hayward (ECM)  

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develops and produces carbon ‐ ceramic material automotive brake discs. The Company is the UK's only manufacturer of carbon ‐ ceramic brake discs, and only one of two mainstream carbon-ceramic brake disc companies in the world, serving customers that include major OEMs in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology to create lightweight brake discs for high ‐ performance road and track applications for both internal combustion engine and electric vehicles. While competitor carbon ‐ ceramic brake discs use discontinuous chopped carbon fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D matrix, producing a stronger and more durable product with improved heat conductivity compared to competitor products; this reduces the brake system operating temperature, resulting in lighter and longer life components with superior brake performance. These benefits are in addition to the benefits of all carbon ‐ ceramic brake discs vs. iron brake discs: weight savings of up to 70%, longer product life, consistent performance, reduced brake pad dust and corrosion free.

For additional information please visit www.surfacetransforms.com

 

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