A Merseyside firm making brake discs for supercars has been awarded a multimillion-pound contract - as well as landing another deal with Swedish brand Koenigsegg for its new 300mph high-performance vehicle.
Surface Transforms said the new contract with the unnamed manufacturer to supply ceramic brake discs would be worth £6m.
The contract award by the manufacturer, referred to as "OEM 6", is for a "limited edition" car to be produced for three years from 2021.
To add to that, due to delays on a previous contract, OEM 6 also agreed to pay Knowsley-based Surface Transforms a commercial settlement of £300,000 relating to the direct cost of discs.
The business said while that adds £300k to its near-term cash pile, it will not impact the gross margin levels expected this year. That existing contract is still expected to generate revenues to the firm of around £2m over two years starting in 2020.
These two contracts provide an order book of around £8m with OEM 6 over the next five years, the firm said - and discussions continue regarding other future models with "significantly higher" anticipated production volumes.
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As well as that, the firm has also been nominated as tier one supplier for Koenigsegg's new Jesko supercar.
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The Jesko was launched at the recent Geneva Motor Show, and will replace the Regera model, with an expected start date for production in autumn next year.
Following the announcement, shares in the manufacturer, which offers "next-generation" carbon fibre reinforced ceramic, rose significantly last week.
Surface Transforms claims to provide the "ultimate braking performance for road and track".
Kevin Johnson, the firm's CEO, said: "This £6m lifetime sales contract award from OEM 6, is very good news and represents another crucial step in achieving Surface Transforms' profitability objectives.
"Arguably of equal importance however, is the strategic implications of these two contract awards; confirming that once we have a position with a customer, we can, in the case of OEM 6, grow from that base and/or, in the case of Koenigsegg, maintain that position as they change models.
"This capability, reflecting both the customer's experience of the product and our supply chain performance, will be crucial in becoming a significant automotive supplier as we further develop production relationships with the mainstream OEMs.
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"In the near term we are also delighted that the commercial settlement on the programme delay has been amicably settled, the immediate cash injection of approximately £300k is a welcome addition to our cash headroom.
"Moreover we expect this announcement to be the start of further positive news flow, in the near term, as we look to conclude current discussions with German OEM 5."