REG - Surface Transforms - Change from interim to permanent Non-Exec Chair

Surface TransformsAnnouncement

22/05/2025 16:00

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RNS Number : 8531J  Surface Transforms PLC  22 May 2025

Surface Transforms plc

("Surface Transforms" or "the Company")

Change from interim to permanent Non-Executive Chair

 

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced
ceramic automotive brake discs, is pleased to announce Ian Cleminson has
agreed to become permanent Non-Executive Chair with immediate effect, having
originally assumed the role on an interim basis on 6(th) November 2024.

Ian Cleminson said "I became interim Chair at a very difficult moment for the
Company and immediately refocused the Board and Management on operational
improvement and cash management. While there remains a lot to do, we have made
substantial progress. I hope that by agreeing to become permanent Chair it
demonstrates my belief that the Company is now better positioned for success.
I look forward to updating shareholders with further details in due course."

 

For enquiries, please contact:

 Surface Transforms plc                           +44 151 356 2141
 Ian Cleminson, Chair
 Kevin Johnson CEO

 Zeus (Nominated Adviser and Broker)              +44 203 829 5000
 David Foreman / James Edis (Investment Banking)
 Dominic King (Corporate Broking)

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 cars 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.

The Company holds the London Stock Exchange's Green Economy Mark.

For additional information please visit www.surfacetransforms.com
(http://www.surfacetransforms.com/)

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