Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, is delighted to announce that it has successfully achieved Nadcap Special Process accreditation for Composites scope KSP (Kitting Service Provider), for demonstrating their ongoing commitment to quality by satisfying customer requirements and industry specifications.

Nadcap ("National Aerospace and Defense Contractors Accreditation Program") is the leading worldwide cooperative program of major aerospace Primes and is designed to manage a cost-effective consensus approach to special processes and products and provide continual improvement within the aerospace and defense industries. It provides an industry managed supply chain oversight program that improves quality, while reducing costs, by assessing process capability for compliance to industry standards and customer requirements.

The accreditation comes after Velocity has been working with various customers over a long and sustained period and whilst the accreditation, which is significant, does not represent any increase in short term income, it does represent an enhanced ability to secure work on both Airbus and Boeing programmes around the world in the medium and long term. Velocity will continue to develop advanced kits for both structural (carbon fibre pre-preg, glass fibre pre-preg, film adhesives and surface products) and consumable (vacuum bag) engineered kits for all major aerospace programmes.

Jon Bridges, CEO of Velocity commented:

"This is a significant approval with important and positive implications for Velocity and its ability to win contracts going forward. The accreditation scope covers the structural material kit cutting and material control and storage, and is recognised across the aerospace industry and specifically mandated by many Primes. It represents an important piece of the Velocity growth story and a clear endorsement of our business model.

"Nadcap accreditation is the culmination of years of hard work by our team who are to be thanked for their efforts in securing this unique approval and for ensuring that Velocity, and its business model, is recognised widely. The Nadcap accreditation supplements our global Airbus approval for kitting and cutting and Velocity continues to seek further, specific, approvals which will complement our current suite."