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."
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
Alma (Financial PR) email@example.com
Josh Royston +44 (0) 20 3405 0205