Carbon fibre-reinforced ceramic material technology company Surface Transforms updated the market on its half-year of trading on Thursday, reporting that revenue grew 34% to £1.2m year-on-year, exceeding its original expectation that sales would be “broadly unchanged” from the run rate achieved in the first half of 2020.
The AIM-traded firm said that as it had previously announced, revenues were expected to further increase in the final quarter of 2021, following the start of production on the multi-year original equipment manufacturer (OEM) contracts already awarded to the company.
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.