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Strip Tinning Holdings PLC said it is ‘very confident’ in meeting full-year market expectations, as it reported a purchase order for its battery system connector. Shares in the company climbed 28% to 29.40 pence around midday on Monday in London. The Birmingham, England-based provider of connection systems to the automotive sector said it has received a purchase order for its battery system connector for the D phase of the Zoox Robotaxi project. Strip Tinning noted that D phase marks the final stage before serial production begins in April 2026. The contract is the largest of the company’s three major nominations. Strip Tinning said it is ‘very confident’ in achieving market expectations for the full-year of £8.5 million in revenue and an adjusted loss before interest, tax, depreciation and amortisation of £900,000. For 2024, Strip Tinning reported revenue of £9.0 million and an adjusted Ebitda loss of £1.9 million. The company added that its £269,000 R&D tax credit claim from 2023 has been accepted and paid by HMRC. ‘2025 has been a year of execution on the three major project nominations won during 2024. The D phase CCS order is another key milestone in a major project that is transformational for the business’ said Chief Executive Mark Perrins. ‘Robotaxi’s are a growth area and we are very proud to be a part of that journey. We remain laser focused on delivering the booked business that significantly grows the business and continue to work through the development phases of further exciting projects coming down the line.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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