Surface Transforms, the U.K. manufacturer of high-performance carbon-fiber brakes, has raised nearly £20 million to allow for expansion of production facilities to meet commitments to several original-equipment manufacturers (OEM), including a recent agreement valued at £13 million.
The company generally does not reveal its OEM client base, but the most recent partner was labeled OEM 9.
This funding will allow for what the company calls “phase 3.1” of manufacturing expansion which will allow for an increase revenue capacity to £75 million from £50 million, the goal for the facility after completion of Phase 2.
Surface Transforms plc (LON:SCE) are experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use.
