SCE has developed carbon-ceramic brake discs for the high performance vehicle market that have significant technical and performance advantages over the existing (near monopoly supply) product from Brembo. SCE has now won milestone OEM production contracts, proving the commercial case and providing revenue visibility. We believe that FY2020E is likely to bring a stream of new OEM production contracts, providing further support to our investment case.
23 Jan 2020
Surface Transforms - Transforming the high performance brake market
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Surface Transforms - Transforming the high performance brake market
Surface Transforms PLC (SCE:LON) | 9.2 0 0.0% | Mkt Cap: 32.4m
- Published:
23 Jan 2020 -
Author:
Michael Clifton | Cavendish Research -
Pages:
20
SCE has developed carbon-ceramic brake discs for the high performance vehicle market that have significant technical and performance advantages over the existing (near monopoly supply) product from Brembo. SCE has now won milestone OEM production contracts, proving the commercial case and providing revenue visibility. We believe that FY2020E is likely to bring a stream of new OEM production contracts, providing further support to our investment case.