REG - Strip Tinning Hldgs - New Glazing Sales Nomination

Strip Tinning HoldingsAnnouncement

06/11/2023 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:20231106:nRSF3817Sa&default-theme=true

RNS Number : 3817S  Strip Tinning Holdings PLC  06 November 2023

6 November 2023
 

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

New Glazing 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 new production nomination for its Glazing business.

The nomination is for the supply of glazing connectors to a range of leading
global automotive OEMs including Mercedes, Volkswagen, Toyota and Skoda, for a
number of battery and combustion engine-based vehicle programmes.

Supply will commence in Q2 2024 and will continue for two to five years,
depending on the end of production dates of the individual programmes.  The
lifetime sales value of the nomination is forecast to be c.€3m, of which
€525k is expected to be recognised in FY2024.

Adam Robson, Executive Chair of Strip Tinning, commented:

 

"We are delighted to receive this nomination from one of our core Glazing
customers, reinforcing Strip Tinning's position as a leading supplier of
specialist Glazing connectors to all classes of automotive vehicles. Our
expertise and consistent delivery of high-quality products leaves us
well-placed to convert the growing new nominations pipeline across our Glazing
and EV divisions."

 

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.com

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  MSCMZMGMFFRGFZM