- Surface Transforms has been selected as the tier-2 supplier nomination to supply its carbon ceramic brake discs to a tier-1 brake-system supplier for a limited-edition UK OEM car model.

Surface's directors noted that whilst this specific model was not one of the five game changing contracts described in recent shareholder updates, the win was nonetheless strategically important.

It said its production was expected to start in the financial year 2018-19. The car was expected to be produced over the period from start-2019 to mid 2020.

Including prototype and development revenues, Surface expected revenues of about £1m during this vehicle production period, the first stage of which is the engineering contract on which work has commenced.

"The Company understands that all the road cars in the production run have already been pre-sold to end customers," it said.

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