REG - Strip Tinning Hldgs - Trading and Business Update

Strip Tinning HoldingsAnnouncement

20/10/2025 07:00

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RNS Number : 9188D  Strip Tinning Holdings PLC  20 October 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR. Upon the publication of this announcement via a Regulatory Information
Service, this inside information is now considered in the public
domain.

20 October 2025

Strip Tinning Holdings plc

("Strip Tinning" or the Company")

Trading and Business Update

Strip Tinning Holdings plc ("Strip Tinning" or the "Company"), a leading
supplier of specialist connection systems for battery modules and automotive
glazing applications, is pleased to report it has now received the purchase
order for its battery system connector for the D phase of the Zoox Robotaxi
project. Parts will be delivered during Q4 2025 and Q1 2026. D phase is the
final stage before the start of serial production which is scheduled to start
at Strip Tinning in April 2026.

This BT nomination for the supply of the Cell Contact System ("CCS") for the
battery pack modules for the Robotaxi  vehicle programme is the largest of
the Company's 3 major nominations.

As previously notified, trading during FY25 has had its share of headwinds
from areas such as US tariffs and supply restrictions, however with Q3 trading
now complete the Board  remains very confident in achieving current market
expectations. ¹

Furthermore, Strip Tinning is pleased to advise that its 2023 R&D tax
credit claim of £269k has been accepted and paid by HMRC.

Mark Perrins, CEO of Strip Tinning, commented:

2025 has been a year of execution on the three major project nominations won
during 2024. The D phase CCS order is another key milestone in a major project
that is transformational for the business. Robotaxi's are a growth area and we
are very proud to be a part of that journey. We remain laser focused on
delivering the booked business that significantly grows the business and
continue to work through the development phases of further exciting projects
coming down the line.

Notes

1. Strip Tinning understands that as at the date of this announcement, market
expectations for the years ended 31 December 2025 are for Revenue of £8.5m
and Adjusted EBITDA of (£0.9m). (Source: FactSet)

The person responsible for arranging the release of this information on behalf
of the Company is Kevin Edwards, Chief Financial Officer.

 

Enquiries:

Strip Tinning Holdings plc                         
                                     
                                     
                 

Mark Perrins, Chief Executive
Officer                                                                           0121
457 7675      

Kevin Edwards, Chief Financial Officer

 

Singer Capital Markets (Nominated Adviser and Sole
Broker)                    +44 (0) 20 7496 3000

Rick Thompson

James Fischer

 

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