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STG Strip Tinning Holdings Plc

0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Strip Tinning Holdings Plc LSE:STG London Ordinary Share GB00BMHN9M05 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 46.00 44.00 48.00 46.00 46.00 46.00 1,149 08:00:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fabricated Metal Pds, Nec 10.67M -4.93M -0.3186 -1.44 7.11M

Strip Tinning Holdings PLC New EV Sales Nomination (6826S)

08/11/2023 7:00am

UK Regulatory

Strip Tinning (LSE:STG)
Historical Stock Chart

From May 2023 to May 2024

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RNS Number : 6826S

Strip Tinning Holdings PLC

08 November 2023

8 November 2023

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

New EV Sales Nomination

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of a serial nomination for production parts across its EV business.

The nomination is for the supply of flexible printed circuits (FPCs) to a leading European manufacturer of advanced battery systems. The FPCs are for a mobile battery application used across a range of sectors, including the catering, construction, and film industries.

Under the terms of the nomination, supply will start in December 2023 and run until the end of 2025, with a forecast lifetime sales value of $1.0 million. Strip Tinning is replacing a non-European supplier part way through the product life cycle, hence the nomination's shorter than normal duration.

The Company is bolstered by a growing pipeline of opportunities across each of its divisions and remains confident of securing a major EV nomination in early 2024.

Adam Robson, Executive Chair of Strip Tinning, commented:

"Securing this EV nomination with a prominent new customer is a demonstration of the momentum we are seeing across the business. The order book across both divisions continues to build and we remain focused on converting our substantial sales pipeline."


Strip Tinning Holdings plc Via Alma PR

Adam Robson, Executive Chairman

Richard Barton, Chief Executive Officer

Adam Le Van, Chief Financial Officer

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

Rick Thompson

James Fischer

Alma (Financial PR) m

Josh Royston +44 (0) 20 3405 0205

Joe Pederzolli

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(END) Dow Jones Newswires

November 08, 2023 02:00 ET (07:00 GMT)

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