Surface Transforms moves ahead on sales momentum

Shares in AIM-listed Surface Transforms (LON:SCE) rose by 6.44% to 23.95p (as of 12:00 GMT) after the firm announced that revenues for the seven months ended 31st December were 183% higher than during the same period the previous year. Management said that negotiations with potential new OEM customers were proceeding well and they expect to be able to make significant contract announcements this year.

CEO David Bundred commented: “This significant acceleration in sales growth in the period is very encouraging and, we believe, sustainable. We look forward to 2020 and beyond with confidence“.