Surface Transforms PLC AGM Statement

RNS Number : 3657X

Surface Transforms PLC

23 July 2024

 

23 July 2024

 

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

AGM Statement

 

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic automotive brake discs, reminds shareholders of its Annual General Meeting (AGM) to be held today, Tuesday 23 July 2024 at 11:00 a.m. to be held at the offices of Gateley, 1 Paternoster Square, London, EC4M 7DX.

 

Following the conclusion of the AGM, at approximately 11:15 a.m., Kevin Johnson (CEO), and Stephen Easton (COO), will provide a presentation on both sales and operations progress. The slides from this presentation will be placed on the Company's website after the meeting www.surfacetransforms.com.

 

The presentation will cover materially the same information that was disclosed in the announcement of 19 July 2024 titled "Pre-Close Trading and Operations Update".  This announcement was released via EQS as a result of downstream display issues caused by the global IT outage and is available here: Surface Transforms PLC: Pre-Close Trading and Operational Update.

 

For enquiries, please contact:

Surface Transforms plc	[phone]
David Bundred, Chairman
Kevin Johnson CEO Isabelle Maddock CFO
Zeus (Nominated Adviser and Joint Broker)	[phone]
David Foreman / James Edis / Ed Beddows (Investment Banking)
Dominic King (Corporate Broking)
Cavendish Capital Markets Ltd (Joint Broker)	[phone]
Ed Frisby / Abigail Kelly (Corporate Finance) Andrew Burdis / Harriet Ward (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 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

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