Surface Transforms Share Discussion Threads

[swiss paul] 27/7/2020 07:49

I thought they would have been a sponsor on the formula 'e' programme, now that would be interesting

[supernumerary] 26/7/2020 19:58

toffee - that's interesting - I wasn't aware of all the history. What happened to F1 - do they mandate a brake supplier these days? Formula E would be a real coup!

[toffeeman] 26/7/2020 18:46

Almost 18 years ago..................

Very different today (TG)


robinbell 4 Oct '02 - 00:04
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Surface Transforms is developing and manufacturing a new generation of carbon fibre reinforced ceramic (CFRC) materials for use in brake, clutch and other non-friction applications. The materials are characterised by their ability to withstand very high temperatures (up to 3000 degrees C) whilst being lightweight (70% lighter than steel), and have applications in a number of markets including aircraft, Formula 1, high-speed rail, road cars and heavy goods vehicles. New markets for the material continue to be explored, including non-friction market applications such as those now being developed for a division of a major Aerospace company.

Formed in 1999, the origins of the company date back to 1992 when the business was founded in order to exploit new patents relating to materials and processes obtained from ICI Plc. The business soon became involved in a DTI sponsored LINK programme for the development of a novel low cost manufacturing process for carbon composite brakes for very high speed trains.

The company has set up links with a major global manufacturer of aircraft
braking systems and is also developing and pilot manufacturing brake pads and discs for use on high performance road cars. It has now finished development on its Formula 1 brake products and a number of leading F1 teams are currently evaluating the materials.

In 2002, the company began supplying test pieces to a division of a major
aerospace company for a rocket propulsion system. Initial results from test results have been highly encouraging, and further testing has now been commissioned. The market for this material is valued at GBP2m per annum for a particular engine application.

[toffeeman] 26/7/2020 18:39

I heard him say that the company WAS talking to Tesla - did I hear wrong?

[swiss paul] 26/7/2020 17:12

Dont worry there was not much to add into the Q&A. Seemed to be focuused on - is Tesla talking to us, which DB generally said we dont comment on speculation. He did state the list was longer on who is v whose not talking to us.
Question was asked about developing products outwith brakes as a lot of EV now comprises of carbon.Defirintely no as they have their hands full with brakes.

My POV is that we need to remember in the very early stages of the co we looked at all sort of product including bullet proof vests.

[longshanks] 26/7/2020 14:12

I felt that KJ gave a very good presentation and is clearly on top of things. I missed the presentation when given live and it is a pity that the follow-on Q&A session is unavailable now as I feel I missed something.It looks to me like OEM 3 is now in the detailed discussions to select an appropriate entry model for ST brakes. I liked too the fact that the US is now listed as a key territory with the UK and Germany. I remain very bullish.

[bdaonion] 25/7/2020 22:53

Regarding new customers, in January the new sales director Leigh Welch was awarded options whose vesting terms included widening the customer base beyond existing customers. So there is an incentive to go beyond the OEM 1-6 plus existing like Koeningsegg. Sounds like he is succeeding.

[quemaster] 25/7/2020 21:34

I think we were told about progress with OEMs in the past as a major fundraising was needed to provide a production facility, since then there has been far less information released so a new customer contract could come out of the blue.

I was pleased to hear that although the environmental salt spray test had not been completed for OEM3 that nominations are possible, I listened to a recording of the presentation but as yet the Q&A part is not available. can I ask if there were any further references to OEM3 in the Q&A section?

[swiss paul] 25/7/2020 16:58

Bones "It also sounded (to me as a relative newcomer to SCE) like new announcements of contract(s) in 2020 could include new names? I’ll have to review the recording later to hear the inferences again in case I was hallucinating!


you were not hallucinating.

A very good presentation and looking to top up when funds allow

[rivaldo] 24/7/2020 14:37

Certainly great to hear the continued confidence about announcing those new contracts this year - there's only five months left now.

With SCE having adopted a policy of saying less about what was happening, I definitely got the impression there may be quite a lot going on behind the scenes, including perhaps new OEMs/customers and deals etc which as yet we know nothing about.

The section about EVs made very reassuring listening. Imagine the scramble if a link-up with Tesla was RNS'd :o))

Timetables have slipped a touch due to COVID-19, but not meaningfully, and the story remains consistent. Management certainly know their stuff and the industry inside out, and the company is now - finally - very well funded. The rewards would seem to be (as always) a question of time and patience.

[albert_einstein] 24/7/2020 12:18

They seem pretty confident of more deals in 2020. Let's hope they are some biggies, not just financially but strategically as well.

[pugugly] 24/7/2020 11:43

DB for ever a politician in answering the puffed up legalese question about had they been in touch with Tesla - My old sales director would have answered to the effect that "If my team have not been in touch with any finacially secure potential volume profitable OEM they will have a P45 winging their way fast" And Musk I suspect would fire (with appropriate srong words) the responsible person in his development team if they had not contacted all quality suppliers of lighter weight braking systems.

The exact words likely to have been used on each side probably too strong for publication on an open website!!!!!!!!!!!!!!

[bones] 24/7/2020 10:39

Little snippets dropped in, like:

- it’s easier to list who we are not talking to....

- realisation by OEM’s that (even if they wanted to), relying on the one main supplier based in the heart of the European Covid outbreak in Italy might not have been a good idea...

It also sounded (to me as a relative newcomer to SCE) like new announcements of contract(s) in 2020 could include new names? I’ll have to review the recording later to hear the inferences again in case I was hallucinating!

[trickydicky1] 24/7/2020 10:34

Essence of a question today, ... “Can the company confirm that its cleaners have not been in contact with Tesla’s cleaners?” ROTFLOL!

[graham1ty] 24/7/2020 10:29

Very good, open, confident presentation. Exciting times ahead.

[epicsurf] 24/7/2020 09:08

hxxps://investormeetcompany.com/surface-transforms-plc/register-investor

[waggle] 24/7/2020 08:40

please could someone post a link to the presentation?

[graham1ty] 24/7/2020 07:28

Fils, the announcement about today’s presentation says that we can ask questions before, and during, the presentation. Whether holding a hand up, or typing questions in a sidebar, I don’t know.

[fillspectre] 23/7/2020 22:06

Evening all. Assume many of you will be attending the meeting tomorrow. It is touch and go whether I can although understand the meeting will be recorded so able to be played back. Has anyone tabled a question? Really keen to gauge how much progress, if any, has been made towards the potential material announcements between the fund raise and now. From the RNS on Monday "and still expects to make further new contract announcements during 2020." I noted the plural there - which seems to suggest the most recent Koenigsegg RNS was an added bonus! Fils

[regandharry5] 20/7/2020 09:11

Graham 1TY. Yes, I know they have been in the background, and it's a harder area to break into. Still we can hope for the best.

[albert_einstein] 20/7/2020 09:10

Only 5 months left in 2020 so fingers crossed some contract win announcements are not too far away.

[pinkfoot2] 20/7/2020 08:41

Positive statement for me-Covid has shoved most companies to the right a bit in terms of contract timing but hopefully we are nearing fruition

[graham1ty] 20/7/2020 07:46

Nothing new, but David’s reiteration that all targets remain in place comes across very strongly.

Reg, there is an aerospace customer, and the company has been waiting for them to make the final procurement decision for years. It was a regular in presentations until about two years ago when the automotive prospects suddenly took over priority.

[regandharry5] 20/7/2020 07:41

An OEM 1 in the aerospace industry would be the one that would float my boat.

[amt] 20/7/2020 07:33

Yes looking forward to a string of deals and big profits from 2023 onwards. The signing of deals must be very close by the sounds of things.