Hardide PLC Trading Update (7067K)
24 August 2012 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 7067K
Hardide PLC
24 August 2012
Press Release 24 August 2012
Hardide plc
("Hardide" or "the Group")
Trading Update
Hardide plc (AIM:HDD), the provider of unique metal surface
engineering technology, gives the following trading update.
The Board is pleased to announce that further to the updates
made in March and June, much of the momentum generated in the first
half of the year has continued in the second half, though not at
the same level. As such revenue for the year will be at least 45%
higher than the previous year and the Group will exceed market
expectations for the year ending 30 September 2012.
Hardide continues to add new customers and develop new
applications for existing customers. Investment in business and
market development also continues and the Group's pipeline across
the key markets of oil & gas, flow control, aerospace and
advanced engineering continues to advance.
The Board looks forward to welcoming the new CEO, Philip
Kirkham, on 3rd September 2012.
Ends
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353830
Jackie Robinson, Communications www.hardide.com
Manager
N+1 Brewin
Andrew Craig/Ben Wright Tel: +44 (0) 203 201 3916
www.nplus1brewin.com
Note to editors
Hardide Coatings
Hardide develops, manufactures and applies tungsten
carbide-based coatings to a wide range of engineering components.
The Group's patented technology is unique in that it combines
abrasion, erosion and corrosion resistant properties in one
coating. When applied to metal components, the technology is proven
to offer dramatic cost savings through reduced downtime and
extended part life. Customers include leading companies operating
in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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