Strip Tinning Holdings PLC New EV Sales Nomination (6826S)
November 08 2023 - 2:00AM
UK Regulatory
TIDMSTG
RNS Number : 6826S
Strip Tinning Holdings PLC
08 November 2023
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) striptinning@almastrategic.co m
Josh Royston +44 (0) 20 3405 0205
Joe Pederzolli
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END
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