REG - Surface Transforms - AGM Statement and Sales & Operations Presentation

Surface TransformsAnnouncement

30/06/2022 07:00

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RNS Number : 7066Q  Surface Transforms PLC  30 June 2022

30 June 2022

 

 Surface Transforms plc

("Surface Transforms" or the "Company")

 

Annual General Meeting and sales and operations presentation

 

Surface Transforms (AIM: SCE), manufacturers of carbon fibre reinforced
ceramic brake discs, reminds shareholders of its Annual General Meeting (AGM)
to be held today, Thursday 30 June 2022 at 11:00 a.m. at the offices of
finnCap, 1 Bartholomew Close, London, EC1A 7BL.

Following the conclusion of the AGM, at approximately 11.15 a.m., Kevin
Johnson, (CEO), will provide a presentation on both sales and operations
progress. A separate and more detailed trading update for H1-2022, including
half-year sales and cash numbers, will be provided before the overspill
Capital Markets Day on 7 July.

Within the presentation, Kevin Johnson will advise that following
communication from OEM 8 on an imminent start of production (SOP) delivery
date and subsequent series delivery schedules, the Company has now commenced
series production. In light of this news, and in addition to continuing
deliveries to all its other significant customers, the Board is pleased to
restate the guidance provided in the Chairman's report in the 2021 preliminary
results; "The Company continues its journey to profitability in 2022 and
remains confident that this goal will be achieved, whilst maintaining our
commitment to environmental and social goals."

The presentation will also be available on the Company's website:
www.surfacetransforms.com (http://www.surfacetransforms.com) after the
conclusion of the meeting.

 

 

For enquiries, please contact:

 

Surface
Transforms plc
                        +44 151 356 2141

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

 

Zeus (Nominated Advisor and Joint Broker)
                +44 203 829 5000

 

David Foreman / Dan Bate / Jordan Warburton (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint Broker)
 
                        +44 20 7220 0500

Ed Frisby / Abigail Kelly (Corporate Finance)

Richard Chambers / Barney Hayward (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce 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
(http://www.surfacetransforms.com)

 

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