Surface Transforms announced that it has been formally notified of its selection as a tier one supplier of a carbon ceramic brake disc to a major mainstream US automotive company. Specifically, the selection is for Surface Transforms to be the tier one sole supplier of the carbon ceramic brake disc as standard fit on both axles of a new edition to an existing internal combustion engine car. The previous model already uses carbon ceramic discs and thus the Company's brake disc is replacing the existing supplier. The lifetime revenue on this specific contract is estimated to be approximately £20 million commencing in mid 2024. Annual revenue is estimated to be approximately £5 million per year from 2025 to 2027 inclusive, with approximately half that sum in 2024 and 2028. The contract is priced in pounds sterling.