REG - Surface Transforms - Award of LSE Green Economy Mark

Surface TransformsAnnouncement

21/06/2023 07:00

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RNS Number : 3223D  Surface Transforms PLC  21 June 2023

 

21 June 2023

Surface Transforms plc

("Surface Transforms" or the "Company")

Award of London Stock Exchange's Green Economy Mark

Surface Transforms plc (AIM:SCE) manufacturers of carbon fibre reinforced
ceramic automotive brake discs, is pleased to announce that the Company has
received London Stock Exchange's Green Economy Mark.

The award, first introduced in 2019, was created to highlight companies and
investment funds listed on all segments of the market that are driving the
green economy. To qualify for the Green Economy Mark, companies and investment
funds must generate 50% or more of their total annual revenues from products
and services that contribute to the global green economy. The award recognises
both "pure-play" green technology companies, as well as those across all
industries that are making a significant contribution to the transition to a
sustainable low carbon economy. Only 108 of all London listed companies have
qualified for the award.

Kevin Johnson (CEO) said: "We are delighted to receive this recognition. We
are proud that our technology is assisting the reduction in the carbon
footprint of the automotive industry, through engine emissions (lighter
weight), accelerating the use of electric vehicles and reduced brake pad dust.
These issues have long been of crucial importance to our customers and we are
now increasingly seeing the same focus from investors. Our work on ESG will
remain central to how we continue to develop the Company."

 

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) develops and produces 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 long strand 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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