Surface Transforms PLC Retirement of NED & update on preliminary results (1739S)
15 Marzo 2021 - 8:00AM
UK Regulatory
TIDMSCE
RNS Number : 1739S
Surface Transforms PLC
15 March 2021
Surface Transforms plc.
("Surface Transforms" or the "Company")
15 March 2021
Retirement of non-executive director and
update on preliminary results
Surface Transforms (AIM:SCE), manufacturers of carbon fibre
reinforced ceramic automotive brake discs, announces that Kevin
D'Silva has advised the board that he wishes to retire from the
board upon the publication of the preliminary statement for the
financial year 2020.
The Company expects to publish this statement in early April
2021 which is earlier than previously indicated.
Kevin D'Silva joined Surface Transforms in 2003, after the
Company had listed on AIM during 2002. He served as Chairman until
2011 and as non-executive director since that time.
David Bundred (Chairman) said "The Company and the board want to
thank Kevin for his sterling service to the Company over 17 years
starting as a very small, pre sales company listed on AIM . Quite
simply the Company would not have continued to exist without his
contribution over these years. We have a lot to thank him for and
wish him a ll the success for the future."
Dr. Kevin Johnson (Chief Executive) said " I came to join Kevin
in 2006 to serve as the new CEO of Surface Transforms ; w orking
alongside him as collea gue and as a friend has been immensely
rewarding and a privilege for myself and the Company. Our thanks is
heartfelt and I look forward to hearing about Kevin's exciting
future endeavors ."
For enquiries, please contact:
Surface Transforms plc. +44 151 356 2141
David Bundred, Chairman
Kevin Johnson, CEO
Michael Cunningham, CFO
Zeus Capital Limited (Nominated Advisor and Joint Broker) +44
203 829 5000
David Foreman / Dan Bate / Jordan Warburton (Corporate
Finance)
Dominic King (Corporate Broking)
finnCap Ltd (Joint-Broker)
+44 20 7220 0500
Ed Frisby / Giles Rolls (Corporate Finance)
Richard Chambers (ECM)
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develop and produce
carbon--ceramic material automotive brake discs. The Company is the
UK's only manufacturer of carbon--ceramic brake discs, and only one
of two mainstream carbon ceramic brake disc companies in the world,
serving customers that include major OEMs in the global automotive
markets.
The Company utilises its proprietary next generation Carbon
Ceramic Technology to create lightweight brake discs for
high--performance road and track applications for both internal
combustion engine and electric vehicles. While competitor
carbon--ceramic brake discs use discontinuous chopped carbon fibre,
Surface Transforms interweaves continuous carbon fibre to form a 3D
matrix, producing a stronger and more durable product with improved
heat conductivity compared to competitor products; this reduces the
brake system operating temperature, resulting in lighter and longer
life components with superior brake performance. These benefits are
in addition to the benefits of all carbon--ceramic brake discs vs.
iron brake discs: weight savings of up to 70%, longer product life,
consistent performance, reduced brake pad dust and corrosion
free.
For additional information please visit
www.surfacetransforms.com
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END
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