Surface Transforms selected as a tier one supplier to its existing mainstream customer OEM 5

Surface Transforms plc (LON:SCE), manufacturers of carbon fibre reinforced ceramic brake discs, has announced that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to its existing mainstream customer described previously as OEM 5. Prototype orders have been received and are being fulfilled. All terms and conditions have been carried over from the master purchase agreement with this customer signed in mid 2019.

The car is a facelift to an existing internal combustion engine model with start of production in Q1 2024 and the Company’s brake discs will be fitted as an option to the front axle. The lifetime value of the contract is expected to be approximately €5 million spread over the 5 years from 2024 to 2028.

The contract will not have a significant impact on Surface Transforms production capacity and was part of the expectations outlined during the February 2021 fund raising. However, separately, the Company has been reviewing its manufacturing capacity strategy with a view to both reducing timescales and costs and a separate announcement is being made today on that subject.

Kevin Johnson, CEO, commented:

“The significance of this relatively small contract lies in it being the first example of the implementation of the multi-year “carry over” agreement concluded with OEM 5 at the time of the initial contract award in July 2019. This envisaged further awards, of varying sizes, over several years. A further award in 2020 did not happen because of a Covid induced programme cancellation by the customer. It is good to be now back on track. The engineers in both companies are now working on the next vehicle brake disc that is available for award over the next year. We are greatly enjoying working with this customer and look forward to further deepening our relationship.”

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

More articles like this

Surface Transforms plc

Onboard lap in 992 GT3RS with Surface Transforms carbon ceramic brakes

Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality

Surface Transforms plc

How to clean Carbon Ceramic Brakes

Tailored for high performance cars, carbon ceramic brakes are more fragile to chemicals. Here’s how you clean them, avoiding potential damage. For the bulk of advice and a step-by-step process, we arranged a visit to the

Surface Transforms plc

Carbon and ceramics in braking systems:

Using carbon and ceramics in braking systems offers significant advantages over other materials, but the processes involved in their manufacture are considerably lengthy and more expensive – why are they so expensive and is it worth the cost?

Surface Transforms plc

Carbon Ceramic Brakes for high performance vehicles

Carbon ceramic brakes also called ceramic composite brakes is a version of the fixed caliper disc brake and is used on supercars and high performance vehicles. The difference or improvement in the carbon ceramic brakes can be credited to the

Surface Transforms plc

Ceramic vs. Steel Brakes: A deep dive into composition

When shopping for car brakes, two types often come up: ceramic and steel. These aren’t just different names; the materials themselves set the two apart, influencing performance, durability, and price. Ceramic brakes, as the name hints,

Surface Transforms plc

Surface Transforms expects to meet growing demand

Surface Transforms has got over its “growing pains” and is confident it can fulfil its growing order book. In a trading statement to the stock market this morning the Knowsley based carbon brakes manufacturer and supplier

Surface Transforms plc

Surface Transforms soars

Liverpool’s supercar brake maker rebounds with 63% revenue growth and £390M order book, eyeing further profit and production boosts. After enduring “very difficult 18 months,” Surface Transforms (ST) roared back in 2023, reporting a 63% surge in annual