Surface Transforms selected as a tier one supplier for OEM9

Surface Transforms plc (LON:SCE) has announced that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to a battery electric vehicle automotive company – previously described by Surface Transforms as “OEM 9”.

The selection is for Surface Transforms to be the standard fit, sole supplier of the carbon ceramic brake disc on both axles of a new variant of an existing model. The lifetime revenue on this contract is estimated to be approximately £13m over 5 years. The Company expects series production to commence in early 2024. The contract is priced in GBP.

OEM 9 is a new “disruptor” entrant to the battery electric vehicle market and, along with OEM 8 was one of the two anticipated new contracts underpinning the 2021 fundraising.

Kevin Johnson, Surface Transforms CEO commented: “This most welcome award, our sixth contracted OEM, is the culmination of several years engineering activity. The contract was won due to our product’s technical superiority in exacting head-to-head trials. We are in discussions with OEM 9 on additional opportunities and hope to make further announcements in due course.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Surface Transforms Plc

More articles like this

Surface Transforms plc

Surface Transforms may be less than a year away from profitability

With the business potentially at an important milestone, we thought we’d take a closer look at Surface Transforms future prospects. Surface Transforms plc, together with its subsidiaries, researches, designs, develops, manufactures and sells carbon ceramic products for the brake

Surface Transforms plc

Surface Transforms appoints Stephen Easton as Chief Operating Officer

Surface Transforms plc (LON:SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, has announced 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

Surface Transforms plc

Surface Transforms fixes production problems

Liverpool-based Surface Transforms plc said the production problems it reported in January have now been resolved. Surface Transforms is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications. In a “production, capacity, and trading update” Surface

Surface Transforms plc

The contribution of F1 in vehicle engineering

From its early beginnings, F1 has always been at the forefront of technology and engineering, with teams constantly looking for ways to gain an advantage over their competitors. This has led to the development of many groundbreaking innovations

Surface Transforms plc

Lanzante Tag Turbo is a Porsche 930 with F1 power

At first glance, it looks like any other well loved Porsche 930. Its charmingly 1970s hue of Copper Brown Metallic paintwork gleams in the Goodwood Motor Circuit paddock, despite the grey, overcast weather at the 80th Members’ Meeting

Surface Transforms plc

Surface Transforms order book rises to £290m

Liverpool-based Surface Transforms plc said it increased the “lifetime value” of its order book by £175 million to £290 million in the year to December 31, 2022. Surface Transforms is a manufacturer of next-generation carbon-ceramic brake discs for

Surface Transforms plc

“Transformational” year at Surface Transforms

The chairman of Knowsley-based ceramic automotive brake disc manufacturer Surface Transforms has said the board is “confident” in achieving profitability in FY23, after a “transitional” year where the company made a number of major investments to grow capacity.

Surface Transforms plc

Surface Transforms now a serious participant in auto world

Brakes manufacturer Surface Transforms has become a “serious participant” in automotive supply chains and has £175m of orders stacked up from major car manufacturers. In a candid statement to the market this morning the company admitted “almost all

Surface Transforms plc

Surface Transforms: The Future of Carbon Ceramic Brakes

Surface Transforms plc (LON:SCE) is a UK-based company that designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the UK and the rest of Europe. The company specializes in carbon ceramic brakes, brake pads, and

Surface Transforms plc

Your Brake questions answered

What are the biggest brakes I can fit on my car? Why are bigger rotors better than smaller rotors? Why are ceramic brakes so expensive? Find out the answers to all these and more as we answer your

Surface Transforms plc

How to break in ceramic brake pads

Brake pads are an important part of reducing speed and ensuring the safety of the occupants and the vehicle. That is why you need to know how to break in ceramic brake pads to improve the accuracy of this safety

Surface Transforms plc

How the braking system works in a racing car

In motor racing, speed and performance are key factors for success. However, safety is also critical and cannot be neglected at any time. That’s why the braking system in a racing car is a critical component that must

No more posts to show