Last entry for me, and its the riskiest of the three.
Surface Transforms Epic : SCE
Offer price = 21p
SCE have learned this year what was lacking in their car braking program, they are now going about the new method, and systems are under trials now on a number of smaller UK OEM cars (eg TVR). Pending further success here, the entry cycle into the large car market for a number of items is normally that you get your systems on smaller OEM's, and after time the bigger OEM's will take notice and start to use the systems. 2006 should see news that System ST from SCE will be used on at least 1 if not 3 smaller OEM's car models. This news should revive SCE. Further beyond 2007/2008 should see large car OEM's using the system and also news on the blue sky aircraft deal going through on a confidential basis now. There is no need for fund raising as cash in bank can last 2 to 3 more years based on present cash burn rate, which will of course reduce when significant revenues start to come in. They have a lot going on, and if progress is good and we get smaller OEM news of using System ST braking as standard, then the upside is very much there (ignoring the blue sky aircraft deal, ballistics, rocket systems etc.... totally). Its a long term investment stock, but news on car braking for smaller OEM's in 2006 will certainly give SCE a sharp rise if and when it comes.
