Trading and Business Update

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered in the public domain.                            

20 October 2025

Strip Tinning Holdings plc

("Strip Tinning" or the Company")

Trading and Business Update

Strip Tinning Holdings plc ("Strip Tinning" or the "Company"), a leading supplier of specialist connection systems for battery modules and automotive glazing applications, is pleased to report it has now received the purchase order for its battery system connector for the D phase of the Zoox Robotaxi project. Parts will be delivered during Q4 2025 and Q1 2026. D phase is the final stage before the start of serial production which is scheduled to start at Strip Tinning in April 2026. 

This BT nomination for the supply of the Cell Contact System ("CCS") for the battery pack modules for the Robotaxi  vehicle programme is the largest of the Company's 3 major nominations.

As previously notified, trading during FY25 has had its share of headwinds from areas such as US tariffs and supply restrictions, however with Q3 trading now complete the Board  remains very confident in achieving current market expectations. ¹

Furthermore, Strip Tinning is pleased to advise that its 2023 R&D tax credit claim of £269k has been accepted and paid by HMRC.

Mark Perrins, CEO of Strip Tinning, commented:

2025 has been a year of execution on the three major project nominations won during 2024. The D phase CCS order is another key milestone in a major project that is transformational for the business. Robotaxi's are a growth area and we are very proud to be a part of that journey. We remain laser focused on delivering the booked business that significantly grows the business and continue to work through the development phases of further exciting projects coming down the line.

Notes

1. Strip Tinning understands that as at the date of this announcement, market expectations for the years ended 31 December 2025 are for Revenue of £8.5m and Adjusted EBITDA of (£0.9m). (Source: FactSet)

The person responsible for arranging the release of this information on behalf of the Company is Kevin Edwards, Chief Financial Officer.

Enquiries:

Strip Tinning Holdings plc                                                                                                                       

Mark Perrins, Chief Executive Officer                                                                           0121 457 7675       

Kevin Edwards, Chief Financial Officer 

Singer Capital Markets (Nominated Adviser and Sole Broker)                    +44 (0) 20 7496 3000

Rick Thompson

James Fischer