Strip Tinning Holdings plc announced the receipt of the Glazing nomination in the company's history, from a leading European automotive Tier 1 systems manufacturer. Under the terms of the nomination, supply will start in third quarter 2025 and run until 2035, with forecasted annual sales value peaking at £0.9 million and an expected lifetime value of £6.3 million, which increases by 31% the total lifetime sales value of Strip Tinning's Connectors nominations, from £20.5 million to £26.8 million. The total lifetime sales value of all nominations held by the company is now £40.4 million.

The nomination is for the supply of an advanced connector to be used within a Polymer Dispersed Liquid Crystal (PDLC) technology roof glass. The glazing panels will be supplied to one of the premier German car OEMs and will be deployed across a number of prestige EV and ICE vehicles in their range. This is the second nomination that Strip Tinning has received in the rapidly growing new "smart" glass market segment, in which electrically activated layers within sunroofs, roof systems, windows, and visors turn car glass into a dynamically adjustable and responsive light-management system.

The connector benefits from being built around flexible printed circuits (FPC) which give weight and packaging advantages within the vehicle roof space. Strip Tinning has had early success in the new PDLC market segment, and since Fourth Quarter 2022 has been supplying glazing connectors for the panoramic roofs of the fully electric BMW iX vehicles. Resultantly, and as demonstrated by this latest win, the Company continues to benefit from first mover advantage within this space.

The Company is well placed for further successes, possessing in-house FPC manufacturing capabilities as well as the required engineering know-how to satisfy increasing customer demand for more complex connector solutions. A substantial pipeline of opportunities across each of the Glazing and EV Battery Pack divisions remains, and Strip Tinning is confident of securing further significant nominations in the first half of 2024.