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The latest announcement is out from Strip Tinning Holdings plc ( (GB:STG) ).
Strip Tinning Holdings plc has reported a significant improvement in its trading performance for Q1, with its Battery Technologies division expected to see revenue more than double compared to the previous year. This growth is driven by a major contract for supplying Cell Contact Systems for a US autonomous vehicle program, which is not expected to be affected by proposed US tariffs. The company is also seeking additional funding to support its operations and has applied for a UK government grant. Furthermore, it anticipates receiving R&D tax credits, which will aid in reducing its financial losses.
More about Strip Tinning Holdings plc
Strip Tinning Holdings plc is a leading supplier of specialist connection systems primarily serving the automotive sector. The company focuses on providing advanced solutions for battery technologies and glazing systems, with a significant emphasis on the higher-margin battery technology division.
YTD Price Performance: -51.95%
Average Trading Volume: 8,606
Technical Sentiment Signal: Buy
See more insights into STG stock on TipRanks’ Stock Analysis page.