New EV Sales Nomination

About this update from Strip Tinning Holdings Plc

8 November 2023                                  Strip Tinning Holdings plc ("Strip Tinning" or the "Company") New EV Sales Nomination Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of a serial nomination for production parts across its EV business. The nomination is for the supply of flexible printed circuits (FPCs) to a leading European manufacturer of advanced battery systems.  The FPCs are for a mobile battery application used across a range of sectors, including the catering, construction, and film industries.  Under the terms of the nomination, supply will start in December 2023 and run until the end of 2025, with a forecast lifetime sales value of $1.0 million. Strip Tinning is replacing a non-European supplier part way through the product life cycle, hence the nomination's shorter than normal duration. The Company is bolstered by a growing pipeline of opportunities across each of its divisions and remains confident of securing a major EV nomination in early 2024. Adam Robson, Executive Chair of Strip Tinning, commented:     "Securing this EV nomination with a prominent new customer is a demonstration of the momentum we are seeing across the business. The order book across both divisions continues to build and we remain focused on converting our substantial sales pipeline."   Enquiries: Strip Tinning Holdings plc                                                                                                            Via Alma PR Adam Robson, Executive Chairman Richard Barton, Chief Executive Officer                                                                                  Adam Le Van, Chief Financial Officer   Singer Capital Markets (Nominated Adviser and Sole Broker)                    +44 (0) 20 7496 3000 Rick Thompson James Fischer   Alma (Financial PR)                                                                                                        [email protected] m Josh Royston                                                                                                                      +44 (0) 20 3405 0205         Joe Pederzolli                                                                                       

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