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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Surface Transforms Plc | LSE:SCE | London | Ordinary Share | GB0002892528 | 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% | 3.25 | 3.10 | 3.40 | 3.25 | 3.25 | 3.25 | 1,648,081 | 07:30:25 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 5.12M | -4.78M | -0.0198 | -1.64 | 7.86M |
From Apr 2023 to Apr 2024
TIDMSCE
RNS Number : 8618A
Surface Transforms PLC
30 May 2023
30 May 2023
Surface Transforms plc
("Surface Transforms" or the "Company" )
Appointment of new Chief Operating Officer
Surface Transforms (AIM:SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, is pleased to announce the appointment of Stephen Easton as the new (non-board) Chief Operating Officer, effective 4 September 2023. Stephen joins the Company from SGL Carbon where he is currently UK Managing Director.
During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing company, he has held various leadership positions both in the UK and US, specialising in carbon and oxidised fibre. Prior to this, he worked in a number of different operational roles for Brand-Rex, a cable manufacturing company. He holds an honours degree in Manufacturing Engineering & Management from the University of Dundee.
Stephen's appointment is a further step in the strengthening of the Company's senior management team to ensure the Company successfully delivers its current manufacturing expansion plan and financial transformation into a high revenue growth and profitable business. This includes the delivery of its GBP290m (lifetime value) order book and GBP393m (lifetime value) prospective contract pipeline.
Kevin Johnson, CEO of Surface Transforms said "We are delighted to welcome Stephen to this senior role in the Company. In particular the combination of his extensive manufacturing engineering experience, his highly relevant expertise in building and operating high temperature manufacturing plants and his people management skills are well suited to our current and future requirements. We look forward to working with Stephen as the Company executes it growth plans."
For enquiries, please contact:
Surface Transforms plc David Bundred, Chairman Kevin Johnson, CEO +44 151 356 2141 Zeus (Nominated Advisor and Joint Broker) David Foreman / Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking) +44 203 829 5000 finnCap Ltd (Joint-Broker) Ed Frisby / Abigail Kelly (Corporate Finance) Andrew Burdis / Barney Hayward (ECM) +44 20 7220 0500
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develop and produce 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 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.
For additional information please visit www.surfacetransforms.com
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END
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(END) Dow Jones Newswires
May 30, 2023 02:00 ET (06:00 GMT)
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