Re Contract

Surface Transforms PLC 11 September 2003 RNS Release 11 September 2003 Surface Transforms secure first order from United States Air Force Surface Transforms plc, makers of high technology carbon ceramic material solutions for the aerospace and high performance automotive markets, has been commissioned by the Air Force Research Laboratory, the United States Air Force's leading-edge research unit, for a new programme to produce sample batches of advanced carbon fibre ceramic materials in a 12-month contract initially valued at $50,000. The initial sample batch of materials is expected to be delivered by the end of October. Surface Transforms has developed a unique process for transforming carbon materials into carbon fibre reinforced ceramic products that offer a number of advantages over traditional carbon carbon materials, including durability, strength and weight-saving. It is currently supplying its materials to customers including a global supplier of aircraft braking systems, and to Roxel, a division of BAe Systems. Julio Faria, Managing Director, commented: 'Our business model is predicated on cementing long-term commercial relationships with companies and organisations in our key aerospace and automotive markets. We are delighted to have received our first contract from the Air Force Research Laboratory and we hope, subject to the performance of our materials, to be working together on further revenue-producing programmes over the coming years.' Enquiries, please contact: Julio Faria Neil Boom Managing Director Managing Director Surface Transforms plc Gresham PR Ltd. 01928 735498 020 7404 9000 Notes to editors Surface Transforms is developing and manufacturing a new generation of carbon fibre reinforced ceramic (CFRC) materials for use in brakes and clutches and also for non-friction applications. The materials are characterised by their ability to withstand very high temperatures (up to 3000degreesC) whilst being lightweight (70% lighter than cast iron), and have applications in a number of markets including aircraft, high-speed rail, road cars, heavy goods vehicles, Formula 1, GT cars and the Indy Racing League. New markets for the material continue to be explored, including non-friction market applications like rocket propulsion system components such as those now being developed for a division of a major aerospace company. Formed as a plc in 1999, the origins of the company date back to 1992 when the business was founded in order to exploit new patents relating to materials and processes obtained from ICI Plc. The business soon became involved in a DTI sponsored LINK programme for the development of a novel low cost manufacturing process for carbon composite brakes for very high speed trains. The company has set up links with a major global manufacturer of aircraft braking systems and is also developing and pilot manufacturing brake pads and discs for use on high performance road cars. It continues to develop motorsport brake products. In 2002, the company began supplying test components to a division of a major aerospace company for a rocket propulsion system. Initial test results have been highly encouraging and further testing has now been commissioned. The company floated on the London Stock Exchange's Alternative Investment Market (AIM) in September 2002 at the same time raising £1.3m gross in new funds. This information is provided by RNS The company news service from the London Stock Exchange
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