Surface Transforms reveals ‘game-changing’ aerospace contract

ELLESMERE Port-based Surface Transforms, the developer and manufacturer of high-tech ceramic brakes for supercars, has announced a “game-changing” contract win.

The AIM-listed company did not name its customer, which it described only as an “international aerospace system supplier” and said its carbon ceramic brake discs would be used on a “US military aircraft/”

Surface Transforms said it has been working since June 2010 with the customer, having entered into a development agreement with it then.

It said the deal will have a “modest positive revenue impact” in each of Surface Transforms’ 2014/15 and 2015/16 financial years with production sales projected to commence in the subsequent 2016/17 financial year subject to final qualification and flight testing.

A statement added: “The contract is on a rolling three year basis and the company estimates that sales at contract maturity will exceed £1.3m per annum.”

Chairman David Bundred said: “This is a significant announcement for the company following many years of technical development. The contract will positively impact sales this financial year and next, with mature volumes in the 2017/18 financial year.

“Furthermore, this prestigious contract provides an important reference point for other customers considering adopting the Surface Transforms technology.

As a result of recent production improvements, the company has sufficient capacity to deliver the volumes for this aerospace contract award.

Separately, Surface Transforms said it us making progress with automotive customers on other significant and important .