Business
New Orders in the Defence Sector
New Orders in the Defence Sector.
About this update from Surface Transforms Plc
[{"type":"text","content":"\n \n 11 December 2008\n\n Surface Transforms Plc \n\n (\"Surface Transforms\" or \"the Company\") \n\n New Orders in the Defence Sector \n\nSurface Transforms (AIM:SCE) is pleased to announce three further orders from\nMBDA with a combined value in excess of £150,000, all of which will be\ndelivered and invoiced within the current financial year. The orders are for\nthe continued development of new material technologies for attitude control\nsystems applicable to a range of European guided weapons. MBDA is owned jointly\nby BAE Systems, EADS and Finmeccanica and is the largest missile manufacturer\nin Europe. The Directors are hopeful that the Company will receive further\nbusiness from MBDA.\n\nThese new orders are in addition to, and in parallel with a three year fixed\nterm contract announced in February 2008 from MBDA to the value of £150,000,\nwhich is financially supported by the UK and French Ministries of Defence as\npart of the Innovation and Technology Partnership (\"ITP\") on Materials and\nComponents for Missiles.\n\nThe ITP contract concentrates on the generation of dedicated design data for\nSurface Transforms' range of carbon-ceramic composite materials, whereas work\nunder the new orders focuses more on component design, fabrication and test\nperformance, and looks towards possible future qualification and\ncommercialisation.\n\nCommenting, Kevin Johnson, Chief Executive of Surface Transforms, said:\n\n\"We are particularly pleased to receive these orders which represent a further\nendorsement of MBDA's commitment to Surface Transforms' technology and\nproducts. Earlier work with MBDA over the past three years has shown that\ncarbon-ceramic is now a strategic material which gives significant performance\nadvantages over carbon-carbon and huge weight savings over advanced metal\nalloys. We can deliver distinct cost benefits with improved performance using\nour proprietary technology. The new accelerated work programme with MBDA also\nextends the reach of our technology and products from the automotive and\naircraft markets, to the defence sector.\"\n\nSurface Transforms is the only UK supplier of this strategic material. This is\nderived from the Company's core business in automotive ceramic brakes where\nhigh quality at affordable cost has driven the technology to quicker\nmanufacturing processes with reduced ...