Strip Tinning Holdings plc announced it has secured a significant new 5 year nomination with BMW for its Glazing division, underlining Strip Tinning's position as a leading supplier of specialist connectors to the Glazing sector for all classes of automotive vehicles manufactured worldwide. Strip Tinning will provide glazing connectors for the panoramic roofs of the new range of electric BMW iX vehicles, at a quantity of 16,000 connectors each month. The contract is scheduled to commence in Fourth Quarter of the current financial year and thereafter is expected to generate revenues for the full year ending 31 December 2023 of circa $1.2 million.

Additionally, the Board is also pleased to announce that Skoda, an existing customer, has also signed a 5 year nomination to increase its connector volume demand by 45%, again for use across its electric vehicle range. Both these nominations highlight the continuing focus of vehicle manufacturers on electric ranges, which generate higher margins for Strip Tinning due to the added complexity and high technical specification of the connectors required in EV.