Surface Transforms

The following text is taken from www.ofex.com. I have been an holder of these shares since May 2001 @ 168, they are currently trading at around 120, they did dip below 80 during the year and now due to successful tests and orders they are back on the up swing. Please DYOR, and you'll notice that the management have really got it together, and have been honest with all the news for future prospects. I would like to hear from any other holders of this stock, as I have never seen any postings on the boards, I expect Surface Transforms to do really well in the coming year, I hold many shares in different companies, but this is the one that I think will perform the best in the coming year. I repeat DYOR before you dive in !!! And good luck to all them who hold.



Surface Transforms plc is developing and manufacturing a new generation of carbon fibre reinforced ceramic brake and clutch materials. Products have applications in a number of markets including aircraft, Formula 1, high speed rail, road cars and heavy goods vehicles.

The Board has also been reviewing the Company's longer term strategy. With the anticipated increases in our sales and research programmes, we now feel that it is in our shareholders' interests to prepare the ground for moving trading in the Company's shares to a more senior market such as AIM. No firm date has yet been set for this move.

SURFACE TRANSFORMS PLC SUCCESSFULLY ROAD TESTS BRAKES IN 1,000 MILE EUROPEAN ROUND TRIP INITIAL OFF ROAD TESTS NOW COMPLETED

Carbon ceramic friction materials maker Surface Transforms has successfully completed a 1,000 mile European road test on its brakes for high performance road cars following dynamometer testing. Surface Transforms, which has been testing its materials in collaboration with a high performance car brake system supplier for over 12 months, completed the test on Monday 10th December as part of its own internal test programme.

Following the latest dynamometer test programme, the Company fitted the brakes onto a Mercedes 320 E-class test car, which set off on a 1,000 mile round trip to Germany for a live road test. Germany has no upper speed limits on some of its motorways, which allowed the brakes to be tested at speeds that would be illegal on British roads. The road test included a wide range of driving conditions from typical slow speed urban driving to speeds of over 130 mph during the seven-day test.

Although the brakes were fitted in this test to a Mercedes, they can be manufactured to fit onto any high performance car, including Porsche, Jaguar or BMW.

Having now successfully completed the tests, the Company will move onto a further round of testing aimed at 'fine-tuning' the material for commercial use. The test programme will commence before Christmas and will include both dynamometer testing and further road trials.

If further tests go to plan, Surface Transforms is confident that this will lead to orders of its high performance road car brakes, in a market estimated to be worth GBP47 million a year by 2003.

SURFACE TRANSFORMS PLANS MOVE INTO DRAGSTER MARKET

A new market in dragster brakes is being developed by Surface Transforms plc, makers of carbon ceramic friction materials. The Company has been requested by a US-based motor racing component and brake system supplier to provide braking materials for a dragster test programme before the new racing season starts in February.

Shareholders may be interested to know that a six-page feature on Surface Transforms appears in the current issue (December/January 2002) of Race Tech magazine - a well-respected industry magazine sold internationally that covers automotive racing technology across a variety of racing formulae.