Hardman Co - Surface Transforms PLC (SCE) Surface Transforms (SCE) Growth rate and visibility enhanced even further

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Hardman & Co

Mike Foster

Surface Transforms (SCE) Growth rate and visibility enhanced even further

On 24 March, Surface Transforms (SCE) announced a further major multi-year contract from OEM 8. This contract is its largest to date, and brings an additional ca.£70m lifetime sales value. The company’s strong outlook is entrenched, as aptly summarised by the Chairman some time ago with the FY’22 interim results, which were announced on 13 September 2021: “The Company now expects to enter a period of high growth, partially, but not solely based on a lifetime value OEM order book of ca.£70m". The £70m order book of seven months ago has expanded to over £180m, via existing and new clients. Capacity expansion is in place and documented.

25/04/2022 1 EN

Underlying

Surface Transforms PLC

Surface Transforms is a developer and manufacturer of carbon ceramic products for the brakes market. Co. is engaged in the design, manufacture and sell carbon fiber components. Co.'s products in the automotive industry are lightweight, durable and refined, providing heat dissipation and material strength. In the aerospace industry, Co.'s products provideweight reduction, improved brake performance and wear life. Co's research activities are concentrated on the ongoing identification of new products and applications for carbon fibre reinforced ceramic friction and non-friction materials.

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GB0002892528 London Stock Exchange United Kingdom

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Hardman & Co

We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.

Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.

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Analysts

Mike Foster

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