Source: Proactive post
KNOWSLEY, England – Surface Transforms PLC (LON:SCE) will be the sole supplier of carbon ceramic brake discs for the world’s first four-seater “hypercar.”
The £5 million contract for the brakes on the 1,700 horsepower hybrid-electric Koenigsegg Gemera will kick in as production begins in mid-2022 and run to mid-2017.
The AIM-listed company said it expected to generate roughly £1 million each year from its 2023 financial year.
Koenigsegg designed the Gemera but the supercar will be manufactured by National Electric Vehicle Sweden (NEVS).
“This contract is now the third award from Koenigsegg and again demonstrates that when we win an initial contract with a customer, we can achieve follow on business,” said Surface Transforms chief executive Kevin Johnson.
He added: “We are also particularly pleased that this is another example of the importance of weight reducing carbon ceramic discs in electric vehicles, whether BEVs or hybrids.”
Shares in Surface Transforms shot up 16 percent to 18.9p Monday (June 8th) morning.
About Surface Transforms
Surface Transforms develops and produces carbon-ceramic materials and is the U.K.’s only manufacturer of carbon-ceramic brakes for automotive use. ST utilizes a proprietary next-generation carbon-ceramic material – CCST – to create lightweight brake discs for high-performance applications, including automotive and aircraft brakes. Surface Transforms has extensive in-house engineering and manufacturing capabilities, including the facilities for manufacturing carbon-ceramic brake discs.
While conventional carbon-ceramic brake discs use discontinuous (chopped) carbon fiber, ST interweaves continuous carbon fiber to form a 3D matrix, producing a stronger and more durable product with three times the heat conductivity compared to our competitors; this reduces the brake system operating temperature, resulting in increased life of components with the same brake performance.
Surface Transforms’ patented Carbon-Ceramic technology provides the ultimate braking performance for road and track:
– Weight savings of up to 70 percent (typically 20kg of unsprung weight)
– Improved handling and drivability
– Improved NVH (less noise, vibration and harshness)
– Improved performance (in both wet and dry conditions)
– Reduced brake wear – giving increased life
– Corrosion Free
– Outstanding performance, even from cold
Surface Transforms, founded in 1992, is a Public Limited Company listed on the AIM Market of the London Stock Exchange Plc. For further information see our Investor Information section.