Retirement of NED & update on preliminary results
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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