Hardide PLC Major order and diversification success (4753J)
18 Dezember 2015 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 4753J
Hardide PLC
18 December 2015
18 December 2015
Hardide plc
("Hardide" or "the Company")
Major order and diversification success
Hardide plc (AIM: HDD), the provider of surface coating
technology, is pleased to announce a major order worth more than
GBP300,000 to supply crucial coated components for a new type of
airport high-speed X-ray baggage screening machine.
The order, to supply the customer's requirements between
February and September 2016, represents further notable progress in
the Company's diversification of its customer base, both by client
and by sector, and a reduction in dependency on the oil & gas
market.
Volume production of the three-dimensional X-ray baggage
screening machine began earlier this year and Hardide expects
demand to increase further as the new machine is rolled out
globally. This new business supports the Company's forecasts and
its turnover projection remains unchanged for the year to 30
September 2016.
Philip Kirkham, CEO of Hardide plc said: "Our success in
securing this order is a major advance in our strategy of
diversifying the customer base into new sectors and reduces our
dependency on the oil & gas market. We are coating a crucial
component in a revolutionary new type of three-dimensional, high
speed airport baggage screening machine. This order is both a
technical and commercial success for Hardide and illustrates the
opportunities that we believe exist for its coating technology in
many advanced engineering sectors beyond oil and gas."
ENDS
For further information:
Hardide plc
Philip Kirkham, CEO Tel: +44 (0) 1869 353
Jackie Robinson, Communications 830
Manager
finnCap
Stuart Andrews / Grant Tel: +44 (0)20 7220
Bergman 0500
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology
tungsten-carbide coatings to a wide range of engineering
components. Its patented technology is unique in combining, in one
material, a mix of toughness and resistance to abrasion, erosion
and corrosion; together with the ability to coat accurately
interior surfaces and complex geometries. The material is proven to
offer dramatic improvements in component life, particularly when
applied to components that operate in very aggressive environments.
This results in cost savings through reduced downtime and increased
operational efficiency. Customers include leading companies
operating in oil and gas exploration and production, valve and pump
manufacturing, nuclear, advanced engineering and aerospace
industries.
This information is provided by RNS
The company news service from the London Stock Exchange
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