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Surface Transforms ( (GB:SCE) ) has issued an announcement.
Surface Transforms has announced a financing, trading, and operations update for Q1 2025. The company has received over £8 million in cash advances from key customers to support working capital and improve manufacturing yield and output. Despite cash constraints affecting operational efficiency, the company remains focused on operational improvements and cash management. Strategic discussions with customers for long-term arrangements are progressing, and the company is optimistic about resolving current financial challenges to achieve operational targets.
More about Surface Transforms
Surface Transforms plc is a UK-based manufacturer specializing in carbon-ceramic material automotive brake discs. It is the only UK manufacturer and one of two mainstream companies globally in this niche market, catering to major OEMs in the automotive industry. The company uses advanced Carbon Ceramic Technology to produce lightweight, durable brake discs for both internal combustion and electric vehicles, offering significant advantages over traditional iron brake discs.
YTD Price Performance: -32.61%
Average Trading Volume: 7,104,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.04M
See more insights into SCE stock on TipRanks’ Stock Analysis page.
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