StockMarketWire.com - Surface Transforms said trading in the six months ended 30 November 2013 was in line with management's expectations.

Turnover for the period was £558k (2012: £405k) being a significant 38% higher than the corresponding period last year with our technology transfer agreement and race car markets contributing to the growth. Cash at the period end was £375k (2012: £391k).

"It is encouraging to report a significant increase in sales consistent with the Board's target of EBITDA break even in the current financial year," said chairman David Bundred in a statement.

"Good progress is also being made on longer term "game changer" strategic contracts as well as the more immediate retrofit market opportunities," Bundred said.

"In respect to this latter segment, the Company is in advanced discussions on opening complementary new distribution channels into the growing track-day market; a potentially significant underpinning to the short term break even goal."




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