REG - Strip Tinning Hldgs - New EV Sales Nomination

Strip Tinning HoldingsAnnouncement

08/11/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231108:nRSH6826Sa&default-theme=true

RNS Number : 6826S  Strip Tinning Holdings PLC  08 November 2023

8 November 2023
 

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

New EV 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 serial nomination for production parts across its EV business.

The nomination is for the supply of flexible printed circuits (FPCs) to a
leading European manufacturer of advanced battery systems.  The FPCs are for
a mobile battery application used across a range of sectors, including the
catering, construction, and film industries.

Under the terms of the nomination, supply will start in December 2023 and run
until the end of 2025, with a forecast lifetime sales value of $1.0 million.
Strip Tinning is replacing a non-European supplier part way through the
product life cycle, hence the nomination's shorter than normal duration.

The Company is bolstered by a growing pipeline of opportunities across each of
its divisions and remains confident of securing a major EV nomination in early
2024.

Adam Robson, Executive Chair of Strip Tinning, commented:

 

"Securing this EV nomination with a prominent new customer is a demonstration
of the momentum we are seeing across the business. The order book across both
divisions continues to build and we remain focused on converting our
substantial sales pipeline."

 

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.co
(mailto:striptinning@almastrategic.co) m

Josh
Royston
 
+44 (0) 20 3405 0205

Joe Pederzolli
 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCNKOBKQBDDDDK