STG Strip Tinning Holdings Plc

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) Dow Jones Newswires

November 08, 2023 02:00 ET (07:00 GMT)

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