AGM Reports

Surface Transforms (SCE) AGM Report 2018

This year’s Surface Transforms (SCE) AGM was held at the FinnCap offices, 3rd Floor, 60 New Broad Street, London EC2M 1JJ on Tuesday 11th December 2018 commencing at 11:00 am. There were around 20 attendees, which included the directors, two company managers and around 6 - 8 ordinary private investors. For investors who are unfamiliar with the company, SCE was founded in 1992 with the aim of utilizing IP acquired from ICI for use in automotive brakes and clutches. The company floated ...

Surface Transforms (SCE) AGM Report 2013

Written ten days after the AGM and I am going unapologetically to plagiarise someone else’s report. SCE makes ceramic brakes. They cost a fortune (c£10,000 a pair) and the business model relies on custom fit, super car application; followed by retrofit up-grade; followed by top-end model adoption; followed by affordable rollout lower down the range of an OEM. SCE has never got beyond stage 1, has never really sold any brakes, and for ten years has been talking of “game changers”, including ...