Business
Re: Contract
Re: Contract.
About this update from Surface Transforms Plc
[{"type":"text","content":"\n \n 14 September 2006\n\n Surface Transforms plc \n\n (the \"Company\") \n\n Aircraft Brake Development Contract \n\nThe Company is pleased to announce a development agreement with a major global\nsupplier of carbon-carbon aircraft brake systems. Surface Transforms is now in\nactive collaboration with three out of a total of six such major global\nsuppliers. The objective of the development contract is to produce a low wear\nlonger-life silicon carbide carbon-ceramic brake based specifically on the\nclient's incumbent carbon-carbon precursor.\n\nSuccessful tests at the client's site on sub-scale aircraft disc brakes were\ncompleted in May 2006 and the agreement will now extend that work programme to\ninclude full-scale aircraft discs which will be developed by Surface Transforms\nfor testing by the client.\n\nUnder the terms of the agreement the global brake supplier will fund all costs\nrelating to the work programme. Development work on the programme is scheduled\nfor completion and review in the fourth quarter of the Company's current\nfinancial year. If the development work is successful the Board expects to\nenter into discussions regarding a more extensive programme of work.\n\nFor enquiries, please contact:\n\nSurface Transforms plc\nDr Kevin Johnson 0151 472 3733\nDr Geoff Gould 0151 472 3733\n\nJohn East & Partners Limited (Nominated Adviser)\nSimon Clements 020 7628 2200\nDavid Worlidge 020 7628 2200\n\nTeather & Greenwood Limited (Broker)\nMark Dickenson 020 7426 9000\nSindre Ottesen 020 7426 9000\n\n\n \n ","length":1793,"tagName":"div"}]