Hardman & Co Research
Hardman & Co Research: Surface Transforms (SCE): Rapid acceleration -
'game-change' announcements
05-Sep-2019 / 16:10 GMT/BST
Hardman & Co Research: Rapid acceleration - "game-change" announcements
Surface Transforms manufactures and sells carbon ceramic brake discs. The last
three-month period of contract awards since the financial year-end has been
transformational in the development of the company. It now has multi-year,
multi-million, recurring income contracts from European-based global OEMs.
These will support cash breakeven during 2020, moving to EBITDA-positive
(post-tax credit) in fiscal 2021 and profitability in 2022. Long-term
contracts collectively bring lifetime revenues of over GBP20m. The overwhelming
significance is that this follows many years' client-testing, and this
product-endorsement opens the path to order-of-magnitude sales expansion.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/rapid-acceleration-ga
me-change-announcements/ [1]
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by clicking on the above link
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End of Announcement - EQS News Service
869449 05-Sep-2019
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(END) Dow Jones Newswires
September 05, 2019 11:10 ET (15:10 GMT)
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