A supplier to the likes of Aston Martin and McLaren has won a contract worth more than £45m.
Surface Transforms, which is headquartered in Liverpool, has been selected as a tier one supplier of a carbon ceramic brake disc on the forthcoming launches of three cars "of its existing customer".
The AIM-listed company has not revealed the identity of the customer.
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The carbon ceramic disc will be fitted as standard to both axles on all three cars.
The lifetime value of these contract wins is more than £45m - bringing the overall company order book to in excess of £115m.
A Surface Transforms statement said: "These wins were anticipated in our recent capacity and cash flow planning scenarios and were included within the 'prospective carry-over' projections described during the February 2021 fund raising.
"However, consistent with our policy that we only forecast contract wins, they were not included in any previous market guidance or analyst forecasts and can therefore now be added to these projections.
"'Carry-over' in the automotive industry is the use of existing product approvals with existing OEM customers on their future models.
CEO Kevin Johnson added: "We are delighted to be deepening our relationship with OEM 6 including moving from tier two to tier one.
"We also note that this is now the third example of demonstrating our ability to win carry-over contracts after having won the first award.
"We expect to win further contracts in the new financial year across our range of existing and new customers in parallel to moving into profit and operational cash generation in 2022."
