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Surface Transforms plc Contract Award from OEM 1

Surface Transforms (LON: SCE) has today announced that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to a major high performance automotive company – previously described by Surface Transforms as “OEM 1”.

The Company has received the subsequent order, with sales revenue of £400k and expects to deliver the products in the current financial year ending 31st December 2019.

Specifically, the selection is as the tier one supplier of carbon ceramic discs on a track car.

Kevin Johnson, Surface Transforms CEO said,

“We are delighted to win this contract with a new customer for the Company. We regard it as a further reference point for our technology and hope that this can be the foundation of a future relationship with this valued and potentially important customer”