8th Feb 07 ARMSHARE update :Link Back to Page 6 Here


Information Archive Folder : http://www.esnips.com/web/SurfaceTransformsInfo/


Main Web Site : http://www.surface-transforms.com/

March 2008 Presentation : Presentation Link


Commerical Overview

Surface Transform plcs core activity is exploiting proprietary technologies to create innovative, lightweight, high energy dissipating braking system materials, which can be commercialised for high-performance applications.

Surface Transforms plc has worked on technology programmes in collaboration with major companies such as AlliedSignal Inc, BAE Systems/Roxel, Dunlop Aerospace and Faiveley

Today, Surface Transforms is commercialising its products for an increasing range of high-performance applications. These include automotive, motorsport and aircraft brakes, for which the company has developed Ceramic brakes with improved friction properties, enhanced lifetime and lower production costs. Other growth areas include aerospace components (principally rocket motors) and anti-ballistic armour.

Key milestones have included:

-A new aircraft brakes development contract (Jan 2004) with a leading US based aircraft brakes maker
-A licensing contract (September 2003) with Dunlop Aerospace to develop and supply CFRC brakes;
-A contract with the UK Ministry of Defence to supply innovative materials that will increase protection against high-power rifle and cannon fire;
-A contract with the United States Airforce Research Laboratory for the supply of prototype CFRC materials for military applications.
-First commercial sales of carbon-ceramic brake discs for installation on the KOENIGSEGG Swedish supercar
-First commercial sales of Carbon Ceramic road car discs to StopTech the California based brake system upgrade specialists.
-First commercial sales of Carbon Ceramic road car discs to MOVIT one of the leading brake after-market upgrade kit suppliers based in Germany.


Not expecting anything over night here but to me it is now at the stage of becoming a good play with potential rewards in 2010 onwards on success.

http://www.investegate.co.uk/Article.aspx?id=200908171159405497X

Gledhill now at 29% holding......

Proselenes said:- "...Rocket systems is a bread and butter going forward as should have been car braking systems. The jam for tomorrow has always been mainstream application of their aircraft braking and that continues, so it will be interesting to see what this additional "niche" opportunity is. Those who like the dream would always wish for adoption of their systems on the 787 or A350 for new aircraft, or retrofit kits for older model planes (and a short and simple summary of why carbon ceramics its due to large reductions in weight (and so fuel saving) as you do not need the brake heat sinks. An additonal benefit for planes is the very quick turnaround possible as you are not waiting for overheated standard brakes to cool back down).

So SCE remains a high risk tech stock, one that hopefully is on the verge of finally (within 18 months) getting to break even or a small profit and with plenty of jam tomorrow blue sky potential..."

FWIW, my understanding is that "weight-saving" is fairly small - the undercarriage is enormously heavy, so any "saving" is quite small. I understand the main benefit is that these brakes act more quickly, since they provide "grip" at lower temperatures - this significantly reduces braking-distance while the air-speed is quite high, hence their cooling is "better" albeit briefly. I'm not sure what you mean about not having to wait for the brake to cooldown, since the heat is a result of the energy dissapated; if this is greater (so we understand) then the cooling time will be proportionally longer, under similar conditions. Also the tyres may need inspection sooner... The other advantage is that these discs will withstand greater temperatures without "fade" - and combined with earlier braking the aircraft can use a shorter runway - OR - the aircraft can carry a greater load, etc. . . . . this aspect should be promoted, since this is a direct advantage to the operator.....maybe even making a longer-trip possible by eliminating a "stopover"...

Their car-application is really for high-end customers, since it is enormously expensive and in reality hardly improves your "image" - esp. if the guy behind you doesn't stop as quickly. Ouch.

It does need to get on with it.

Bit of media coverage following the results.


http://www.smallcapnews.co.uk/article/Manufacturers_still_gripped_by_recession_but_positive_signs_are_emerging/8286.aspx

.

RNS Number : 6207A
Surface Transforms PLC
13 October 2009

The commencement of 2.1 million Collaborative R&D Project part funded by grants from the UK Technology Strategy Board ("TSB")

Surface Transforms is pleased to announce the start of a three year, 2.1 million collaborative research and development project. The Technology Strategy Board has agreed to fund the project with a grant of 1.12 million to a consortium of companies led by Surface Transforms.

The aim of this R&D project, with the acronym "Sμrface", is to develop an innovative ceramic disk, using both waste carbon and contemporary manufacturing processes. The objectives are improved friction characteristics and substantially reduced wear with the development of a method that will allow worn ceramic disks to be resurfaced for re-use.

Success in the Sμrface project will enable a much greater flexibility and tolerance in the structure of the core material used in the disc, which will impact directly on reducing cost and increasing performance.

The Company's partners in this collaborative project are:-

* Faiveley Transport Ltd (manufacturer of train braking systems)

* Alcon Components Ltd (brake systems for high performance cars)

* Bentley Motors Ltd (OEM high performance car manufacturer)

* Federal-Mogul Friction Products Ltd (brake pads)

* Loughborough University (specifications, analysis, testing)

Surface Transforms is the lead company and project co-ordinator and will be supplying the proprietary technology relating to the manufacture of carbon ceramic brake discs. The other industrial partners are all technology leaders in their respective fields of innovative friction material technology for use in the transport market.

The project commenced on 1st September 2009 with the contribution from the Technology Strategy Board grant to Surface Transforms estimated at 470,000 over the next three years.

Kevin D'Silva, Surface Transform's Chairman, commented: "This is the second time that the company has been successful in accessing Technology Strategy Board investment finding. We are pleased that the Technology Strategy Board has approved the Company as co-ordinator for this project."

Looks like a Seymour Pierce note is coming out soon, according to this update from Armshare following the news yesterday. That might drive some interest.


http://www.armshare.com


...............The October update reported the start of a 3 year, 2.1 million collaborative R&D project - the Technology Strategy Board is providing a grant of 1.12 million to a consortium of 6 companies led by Surface Transforms - the purpose of the project is to develop an innovative ceramic disk, using both waste carbon and contemporary manufacturing processes, with the objectives of improving friction characteristics and substantially reducing wear - the consortium includes Bentley Motors, Faively Transport (manufacturer of train braking systems), Federal-Mogul and Loughborough University (specifications, analysis, testing) - Surface Transforms is likely to receive 470,000 of the grant over the next 3 years.

Research Standing

Whilst scarcely visible financially, the company has made very good commercial progress over the last 4 years. ArmShare is an advocate of constructing portfolios comprising at least 80% invested in established businesses combining growth and value and up to 20% in a portfolio of earlier stage higher risk businesses considered to have the potential to develop into the former - Surface Transforms is an obvious candidate for the '20%' category of such a portfolio.

The company's recently appointed broker was as 13th October expecting to issue a research note fairly imminently.

The news of the placing yesterday in which Directors and Management took part makes the cynic in me think that indeed in 2010 we shall see a takeover come into effect.

6 to 9 months time ???


http://www.investegate.co.uk/Article.aspx?id=200912080700287036D


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http://www.prlog.org/10475702-successful-research-programme-allows-high-performance-brake-discs-to-be-manufactured-at-lower-cost.html


PR Log (Press Release) – Jan 05, 2010 –

Carbon composite brake discs provide substantial improvements in both performance and weight compared with traditional iron discs, but the cost of such systems has so far made them largely unaffordable in the majority of applications (including commercial vehicles, trains, industrial equipment and all but the most exotic cars) where their performance characteristics could bring substantial benefits. A UK-based consortium of specialist companies is addressing this challenge by developing new techniques that will allow carbon discs to be made from manufacturing scrap, providing a lower cost, more environmentally friendly solution to very high braking performance.

“Potential applications are wide ranging,” says Federal-Mogul technical manager David Holme, based at the company’s Friction Technology Centre nearDerby in the UK. “As well as demand for reduced weight to cut CO2 emissions in the automotive industry, there is a need for lighter weight, higher performance braking systems in the rail industry and for brakes offering greater consistency across a range of process industries. If we can match or exceed the performance of today’s best systems, but at a much lower cost, the benefits will be substantial.”

The project, called Rebrake, covers the development of brake discs made from recycled carbon and the development by Federal-Mogul of compatible pad materials. It is supported by investment from the government-backed Technology Strategy Board. “The programme has recently passed a major gateway by successfully manufacturing small disc samples that prove the concept, so we are already moving on to the manufacture and testing of full-scale prototypes,” says Holme. “These will be tested on dynamometers and cars using the pad formulations developed by Federal-Mogul. Following further refinement, the new system will be benchmarked against current best-in-class products early in 2010."

Other partners in the project are Surface Transforms (a manufacturer of advanced ceramic discs); AP Racing (a specialist in very high performance disc brake systems); Faiveley Transport (a rail industry brake technology specialist); Wichita Clutch (industrial applications brake and clutch specialist); Advanced Composites Group (the main advisor and provider of carbon scrap) and Meggitt Aircraft Braking Systems (bringing substantial experience in carbon applications for aircraft braking). The academic partner is Loughborough University, which is responsible for much of the early development work.

Applications outside the automotive industry

Rail is typical of many industries in which conventional iron rotor discs are reaching the limit of their performance. There are also weight issues, because the unsprung mass of the bogie assembly is a source of loading which is approaching the design limit, even of specially laid tracks, leading to damage to the tracks and restrictions in speed and payload. Changing to ceramic composite brakes can save 260 kg per bogie, allowing trains to run faster on a given track for the same load, with savings in fuel consumption and CO2 emissions per tonne carried.

Paper converting machinery is one of several industrial applications that place unusual demands on braking systems, often making consistent friction properties difficult to achieve with conventional technologies. In a paper mill, disc brakes are used to help achieve uniform paper tension under the highly variable inertia conditions between full and empty paper rolls. Unlike vehicle brakes which are normally ‘off’, industrial machinery brakes are normally ‘on’ and thus constantly wearing and more liable to overheat, making their friction properties inconsistent. Carbon brakes will provide greater consistency and greater torque capability, allowing improved process control and the potential for efficiency improvement.

About Federal-Mogul
Federal-Mogul Corporation is an innovative and diversified $6.9 billion global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as to the power generation, aerospace, marine, rail and industrial sectors. It is recognised as a premier global innovator in the areas of powertrain, sealing, safety and protection and a leading source of advanced technologies that help increase vehicle performance, improve fuel efficiency and reduce engine emissions for a cleaner world. Federal-Mogul employs nearly 40,000 people located in 36 countries.

A stream of buys coming in, which for SCE is very unusual.

Something afoot ?

News coming ?

Bit of Director buying it was :

http://www.investegate.co.uk/Article.aspx?id=201003020700209013H


SURFACE TRANSFORMS PLC
('the Company')

Directors' shareholdings

The Company was notified on 1 March 2010 that on 1 March 2010 Mr Kevin Johnson, Managing Director, acquired 19,250 ordinary shares of 1p each at 9p per share, equivalent to 0.08 per cent. of the entire issued share capital of the Company. Mr Johnson now beneficially holds 124,000 ordinary shares, equivalent to 0.51 per cent. of the entire issued share capital of the Company.

The Company was further notified on 1 March 2010 that on 1 March 2010, Mr Ken Baker, Director, acquired 60,000 ordinary shares of 1p each at 9p per share, equivalent to 0.25 per cent. of the entire issued share capital of the Company. Mr Baker now beneficially holds 275,000 ordinary shares, equivalent to 1.13 per cent. of the entire issued share capital of the Company.

The Company was finally notified on 1 March 2010 that on 1 March 2010 Mr Geoffrey Hall, Company Secretary, acquired 6,400 ordinary shares of 1p each at 9p per share, equivalent to 0.03 per cent. of the entire issued share capital of the Company. Mr Hall now beneficially holds 28,420 ordinary shares, equivalent to 0.12 per cent. of the entire issued share capital of the Company.

Half Year results seem to have been received ok.

http://www.investegate.co.uk/Article.aspx?id=201002240700065676H


That was followed by some director buying and its certainly perking the price up, presently can sell, if you want, over 120K at mid price, never been like that for years, so I guess someone wants to buy some volume, which is why the price is ticking up past days.

More director buying yesterday.

http://www.investegate.co.uk/article.aspx?id=201003090700142549I


09 March 2010

SURFACE TRANSFORMS PLC

('the Company')

Directors shareholdings


The Company has been notified that Mrs Heather D'Silva, wife of Mr Kevin D'Silva, Chairman, today acquired 30,000 ordinary shares of 1p each at 13p per share, equivalent to 0.14 per cent. of the entire issued share capital of the Company. Mrs D'Silva now beneficially holds 30,000 ordinary shares, equivalent to 0.14 per cent. of the entire issued share capital of the Company.

Mr D'Silva beneficially holds 281,986 ordinary shares, equivalent to 1.16 per cent. of the entire issued share capital of the Company.

Still rising.

And more :)

Perking up.



http://www.investegate.co.uk/Article.aspx?id=201006030700109590M

RNS Number : 9590M
Surface Transforms PLC
03 June 2010


Surface Transforms Plc

DRAFT PRE CLOSE TRADING STATEMENT

The Board of Surface Transforms plc, one of the world's two manufacturers of ceramic brake discs for the aircraft and automotive industries, is pleased to provide a trading update for the financial year ending 31 May 2010.

The Company's results for the year will be above market expectations. Turnover is expected to be in excess of 800,000 and 17% above last year (2009 679,284). Net losses will be significantly lower than the prior year and both losses and cash are expected to be better than brokers' forecasts. Cash balances at 31 May 2010 were 414,513 (31 May 2009 404,275)

The slow but general improvement in the world markets after the severe downturn in 2008/9 is reflected in the Company's trading and particularly in automotive markets where most manufacturers are starting to invest in new models with improved fuel efficiency and reduced weight. The order book at 31 May 2010 was 312% higher than the same period last year at 519,670 (31 May 2009 166,370).

The Board expects further improvement in the Company's performance over the next 12 months and will update shareholders further when the audited accounts are published.

Why repeat an RNS ?
...there is already a place for these.
Repeating it adds very little and could be a source of errors.
EDIT -(30/6/2010)-up again to 20p; yet, no new news...

Going well this year so far, I though 2010 would be the year of delivery..... said that back in 2006.... ;)

Thanks for that Proselenes,
- yet I fail to understand the Co's belief that things are getting better, it's a bit like one of those failing businesses on TV - the Management continues in the same groove. I think they need to develop a parallel "material" business - not the same ceramic, but something that isn't commonplace (so there is added value), their current production is solely about these ceramic discs (etc.). which is a very niche market and - unlikely to represent added-value for shareholders.
(That's what the Market is saying).
These were nearly �1 and time shows maybe 30p is about right - unless they can
develop a parallel business.
EDIT(Dec10)- Recent Rights (17p DYOR) looks like it has become the norm, down there again today...Aren't shorters having Xmas?
EDIT (26Jan2012)- big fall after International Sales agreement is ann, probably ("Sell on the Fact!), as sp rose recently (from 8.5p!) as high as 17p, now 12p today. I don't think this will encourage "more sales" as the distributer was already selling the brake discs - this is just confirming a done-deal. Maybe insiders thought otherwise...?
Anyone that bought Rights 2010 is down quite a bit....Oh deary.
EDIT(20Feb2013)-Begging bowl again, at 8p - oh doubly-deary!
EDIT(26Sept2014): SP up 40% on little more ns than there's an AGM soon...I suspect this is MM's - as little has really changed....and that Contract ( which may not affect profits for 2-3yrs is very restrictive. Of course it is the product sales that will determine if SCE really does have a valuable tech. Note that [SCE] was 75p in 2005.
EDIT (7Oct2014)- Seems AGM went well - the sp spike was due to some Media Interview which spotlighted SCE .... and then they granted Snr Mgnt Options dated just prior to this spike. Oh deary, can't say I like that. Suggests Execs don't think it was real.
EDIT (22Dec2014)- recent Open Offer at 13p, and now it's 11.75 - - - Ooops!
EDIT ( 21Sept2015)-- risen to 17p but for how long?
EDIT (2Nov2015)-- Did I read their Furnace died? + SP 18p and AGM soon.
Edit (16Jan2016):- 20p
March2016 - Open offer to raise £5m at 16p=== oh dear.
EDIT (14July2016)-sp 21 up on gd Ns re German car brakes - possibly BMW (?) where "performance" may be key . . . but don't expect sales too soon - earliest 2018 DYOR. I expect this to slide.
EDIT (Nov2017)-AGM tomorrow - can't be bothered to go when it's so cold - Newsflow looks like sp=14p maybe longer, too.
EDIT (6Dec2018)-Dir buying RNS ignore- they also said "Limited number Track-Car" =UK #6 was delayed. sp ~13p Grief!

Still going strong......

And still strong...... looking solid here, some good news and it could rerate upwards even more given the lack of any spare stock on the market.

Are you still in Papal..?