Surface Transforms PLC Directorate Change
November 06 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0789L
Surface Transforms PLC
06 November 2024
6 November 2024
Surface
Transforms plc
("Surface
Transforms" or the "Company")
Directorate change
Surface Transforms (AIM:SCE),
manufacturers of carbon fibre reinforced ceramic automotive brake
discs, announces that Andrew Kitchingman, non-executive chairman,
has resigned with immediate effect. Ian Cleminson will become
chairman on an interim basis until a successor has been
appointed.
Ian Cleminson, Interim Chairman
commented:
"Andrew's time with the Company was unfortunately brief and we
wish him well in his future endeavours. While short term business
priorities are focused on operational improvements and tight
management of cash, we are reviewing strategic opportunities to
bring longer term financial stability to the
Company."
For
enquiries, please contact:
|
Surface Transforms plc
|
+44
151 356 2141
|
|
Ian Cleminson, Interim
Chairman
|
|
|
Zeus (Nominated Adviser and Joint Broker)
|
+44
203 829 5000
|
|
David Foreman / James
Edis (Investment Banking)
|
|
|
Dominic King (Corporate
Broking)
|
|
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develops and produces
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 cars 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.
The Company holds the London Stock Exchange's Green
Economy Mark.
For additional information please
visit www.surfacetransforms.com
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END
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