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]
If you are interested in meeting the company, you can register your interest
by clicking on the above link
To contact us: Contact:
Hardman & Co Mike Foster mf@hardmanandco.com
35 New Broad Street
London +44 20 7194 7633
EC2M 1NH
www.hardmanandco.com
Follow us on Twitter
@HardmanandCo
Hardman & Co Research can still be accessed for free after MiFID II. Please
click here [2] to read the statement.
About Hardman & Co: For the past 21 years Hardman has been producing
specialist research designed to improve investors' understanding of companies,
sectors, industries and investment securities. Our analysts are highly
experienced in their sectors, and have often been highly rated by professional
investors for their knowledge. Our focus is to raise companies' profiles
across the UK and abroad with outstanding research, investor engagement
programmes and advisory services. Some of our notes have been commissioned by
the company which is the subject of the note; this is clearly stated in the
disclaimer where this is the case.
Hardman Research Ltd, trading as Hardman & Co, is an appointed representative
of Capital Markets Strategy Ltd and is authorised and regulated by the
Financial Conduct Authority; our FCA registration number is 600843. Hardman
Research Ltd is registered at Companies House with number 8256259.
Our research is provided for the use of the professional investment community,
market counterparties and sophisticated and high net worth investors as
defined in the rules of the regulatory bodies. It is not intended to be made
available to unsophisticated retail investors. Anyone who is unsure of their
categorisation should consult their professional advisors. This research is
neither an offer, nor a solicitation, to buy or sell any security. Please read
the note for the full disclaimer.
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
869449 05-Sep-2019
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6ed365025f0340a955ee0e3c42669950&application_id=869449&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=869449&site_id=vwd&application_name=news
(END) Dow Jones Newswires
September 05, 2019 11:10 ET (15:10 GMT)
© 2019 Dow Jones News