Surface Transforms (GB:SCE) has released an update.
Surface Transforms, the UK’s sole carbon-ceramic brake disc manufacturer, announced a highly successful Open Offer, raising £9.5m in conjunction with a £13.2m local authority loan, totaling £22.7m in funds. This capital boost, against a tough trading background, will support working capital and capital expenditure, positioning the company to capitalize on a £390m order book and £400m in prospective pipeline contracts. The company’s proprietary Carbon Ceramic Technology offers significant performance advantages over competitors, contributing to its position as a key player in the global automotive brake disc market.
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