We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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% | 3.05 | 3.00 | 3.10 | 3.05 | 3.05 | 3.05 | 1,080,043 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 5.12M | -4.78M | -0.0198 | -1.54 | 7.37M |
From Apr 2019 to Apr 2024
TIDMSCE
RNS Number : 1539K
Surface Transforms PLC
27 August 2019
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
27 August 2019
Surface Transforms plc
("Surface Transforms" or the "Company")
Contract Agreement with German OEM 5
Surface Transforms (AIM:SCE), manufacturer of carbon fibre reinforced ceramic brake discs is pleased to announce that it has concluded the final contractual terms on the contract award with German OEM 5 as previously described in the Company's RNS announcement on 16 July 2019.
Specifically, the Company has agreed and accepted a signed multi year supply agreement and separate price agreement (previously together described as the "Agreements") with its customer known as German OEM 5.
The supply agreement also refers to the supply of spares, albeit without any volume or revenue commitment from either party. Whilst the term of the Agreements has been extended to now run from 1 January 2019 to 31 December 2029, allowing for post production spares supply, the OEM series production details are unchanged from that previously advised by the Board.
In addition, discussions continue with German OEM 5 on other cars in the customers' portfolio.
Kevin Johnson, CEO said, "The conclusion of this contract is another important milestone in the progress of Surface Transforms. We are now focussed on bringing our carbon ceramic disc into volume production with OEM 5 in October 2021, a significant customer reference. And of course, in the meantime, working with OEM 5 to extend our supply onto other cars in their portfolio."
For enquiries, please contact
Surface Transforms plc +44 151 356 2141
Kevin Johnson, CEO
Michael Cunningham, CFO
David Bundred, Chairman
Cantor Fitzgerald Europe (Nomad & Joint Broker) +44 20 7894 7000
David Foreman/Michael Boot (Corporate Finance)
Caspar Shand Kydd/ Maisie Atkinson (Sales)
finnCap Ltd (Joint Broker) +44 20 7220 0500
Ed Frisby/Giles Rolls (Corporate Finance)
Richard Chambers (ECM)
For further Company details, visit www.surfacetransforms.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
CNTLFFFITVIRFIA
(END) Dow Jones Newswires
August 27, 2019 02:02 ET (06:02 GMT)
1 Year Surface Transforms Chart |
1 Month Surface Transforms Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
