In January, Surface Transforms (SCE) secured a £20.0m fund raise, including a £2.0m Open Offer, to support expansion. The bulk of the proceeds are for capital expenditure, supporting well-advanced order enquiries in hand – from existing and new clients. 2020 saw several contract wins, including a new OEM 8. As a direct consequence, we previously doubled our 2022 sales estimates. We are not raising forward estimates until further orders are signed. To be winning such orders shows that these exacting clients embrace SCE’s product, its robust supply chain and manufacturing capability.
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