- Surface Transforms narrowed its full-year pretax loss to £0.7 million, from £0.6 million. Revenue was £1.1 million, from £1.0 million.

"Mov'It is now trading again as a wholly owned subsidiary of Schuler GmbH and orders from the European brake manufacture who buys the company's preform discs are now back at FY11/12 levels," it said.

"Moreover good progress is being made with both new and on-going "game changer" customers who should lead to volume production in due course."

At 8:09am: [LON:SCE] Surface Transforms share price was 0p at 8.25p

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