Trading Update
13 März 2006 - 8:01AM
UK Regulatory
RNS Number:6480Z
Hardide PLC
13 March 2006
Press Release 13 March 2006
Hardide Plc
("Hardide" or "the Company")
Pre-Close Trading Update
Hardide plc (AIM:HDD), the provider of unique surface engineering technology, is
pleased to give the following trading update in advance of the Company's Interim
results which are due to be announced in May 2006.
The Directors are pleased to announce that good progress is being made in the
business and management's targets for 2006 remain on course. Hardide's main
manufacturing facility in Bicester is now profitable at an operating level. The
new pre-treatment plant that was established in August 2005 continues to enhance
Hardide's customer service and is enabling the Company to generate additional
revenues by offering faster turnaround times to customers at premium rates.
Progress has also been made towards the implementation of the new manufacturing
facility in Houston, Texas.
In line with a statement made at the Preliminary Results on 13 December 2005,
research into new Hardide coating variants, advancements in furnace efficiencies
and the development of additional applications for Hardide's unique coating
continue to progress well.
Jim Murray-Smith, Chief Executive, said: "Trading for the first half of 2006 has
continued to be healthy with Bicester now contributing to profits on a monthly
basis. We are also making good headway in setting up the new manufacturing
facility in Houston, Texas. Accordingly, I am confident that the Company will
meet market expectations and the Board looks forward to updating shareholders at
the Interim Results in May."
Ends
For further information:
Hardide plc
Jim Murray Smith, Chief Executive Tel: +44 (0) 1869 353 830
jmurray-smith@hardide.com www.hardide.com
Seymour Pierce
Sarah Wharry / Jeremy Porter, Corporate Finance Tel: +44 (0) 20 7107 8000
Media enquiries:
Abchurch
Chris Lane / Katherine Murphy Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com www.abchurch-group.com
Notes to editors
Hardide provides and applies tungsten carbide coatings to a wide range of
engineering components. The Company's patented technology is unique in that it
combines both abrasion and corrosion resistant properties in one coating. When
applied to components, the technology is proven to offer dramatic cost savings
through reduced downtime and extended component life. Customers include leading
companies operating in oil and gas exploration and production, valve and pumps
manufacturing and general engineering.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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