LONDON (ShareCast) - Reinforced ceramic materials group Surface Transforms announced a development contract with a global supplier of carbon-carbon aircraft brake systems.
"Under the terms of the agreement the global brake supplier will fund all costs relating to the work programme" said the group.
The objective of the development contract is to produce a low wear longer-life brake system.
Development work is scheduled for completion in the fourth quarter of its current financial year. If successful, the group hopes to enter into discussions over a more extensive programme of work.
Surface Transforms said it has now entered in active collaboration with three out of the six major global suppliers.
