Business
Long Term Distributor Agreement
Long Term Distributor Agreement.
About this update from Surface Transforms Plc
[{"type":"text","content":"\n \n22 September 2008\n\n Surface Transforms plc \n\n (\"Surface Transforms\" or the \"Company\") \n\n Long Term Distributor agreement with Mov'it GmbH \n\n (\"Mov'it\") \n\nSurface Transforms, makers of high-technology carbon fibre reinforced ceramic\nmaterials for the aerospace, defence and high end automotive markets, has\nsigned a perpetual distributor agreement with Mov'it GmbH www.movit.de, a\nleading European supplier of braking systems to the after-market industry. The\nprincipal markets for ceramic brake sets are owners of high-performance\nvehicles, fast heavy road cars and light race cars seeking significantly\nenhanced braking performance.\n\nMov'it, established in 1994 and based in Achern Germany, supplies its\nautomotive clients within Germany through 45 sub dealers. It has distributors\nappointed in a further 21 countries. Mov'it focuses on brake upgrade kits for\nhigh end fast and heavy cars and typically installs approximately 3,000 steel\nbased brake disc systems per annum.\n\nMov'it has been distributing SystemST ceramic brake discs to the automotive\ntuning aftermarket in Europe for over a year and this new agreement cements the\nCompany's strong existing trading relationship.\n\nThe Board believes, based on forecasts prepared by Mov'it, this agreement could\ngenerate additional revenues of between £300,000 and £400,000 per annum over\nthe life of the agreement and that the Company has sufficient capacity to meet\nthis demand. Furthermore, the Board firmly believes this agreement will\nestablish a sound trading foundation from which to grow the Company's\nautomotive aftermarket business.\n\nGuido Frensemeyer owner and Managing Director of Mov'it GmbH, said:\n\n\"After many years of research and road testing we have found a compelling\nsolution with Surface Transforms' ceramic rotors. They most certainly support\nus in our policy of striving to offer nothing less than perfection. I am sure\nthat our new business agreement will prove to be very successful for both\nparties and I look forward to an interesting future together.\"\n\nCommenting, Kevin Johnson Chief Executive of Surface Transforms, said:\n\n\"Surface Transforms has established itself as an industry operator with world\nclass technology in this sector and we are continuing to drive sales growth in\nthis high performance segment of the automotive ...