REG - Surface Transforms - Appointment of new Chief Operating Officer

Surface TransformsAnnouncement

30/05/2023 07:15

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RNS Number : 8618A  Surface Transforms PLC  30 May 2023

30 May 2023

Surface Transforms plc

("Surface Transforms" or the "Company" )

Appointment of new Chief Operating Officer

Surface Transforms (AIM:SCE) manufacturers of carbon fibre reinforced
ceramic automotive brake discs, is pleased to announce the appointment of
Stephen Easton as the new (non-board) Chief Operating Officer, effective 4
September 2023.  Stephen joins the Company from SGL Carbon where he is
currently UK Managing Director.

During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing
company, he has held various leadership positions both in the UK and US,
specialising in carbon and oxidised fibre. Prior to this, he worked in a
number of different operational roles for Brand-Rex, a cable manufacturing
company.  He holds an honours degree in Manufacturing Engineering &
Management from the University of Dundee.

Stephen's appointment is a further step in the strengthening of the Company's
senior management team to ensure the Company successfully delivers its current
manufacturing expansion plan and financial transformation into a high revenue
growth and profitable business. This includes the delivery of its £290m
(lifetime value) order book and £393m (lifetime value) prospective contract
pipeline.

Kevin Johnson, CEO of Surface Transforms said "We are delighted to welcome
Stephen to this senior role in the Company. In particular the combination of
his extensive manufacturing engineering experience, his highly relevant
expertise in building and operating high temperature manufacturing plants and
his people management skills are well suited to our current and future
requirements.  We look forward to working with Stephen as the Company
executes it growth plans."

For enquiries, please contact:

 Surface Transforms plc                                            +44 151 356 2141

 David Bundred, Chairman

 Kevin Johnson, CEO

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

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

 Dominic King (Corporate Broking)

 finnCap Ltd (Joint-Broker)                                        +44 20 7220 0500

 Ed Frisby / Abigail Kelly (Corporate Finance)

Andrew Burdis / 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
(https://protect-eu.mimecast.com/s/McyZC9QJ0Ck147yhE14Ux?domain=surfacetransforms.com)

 

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