Contract Award

RNS Number : 6588G

Hardide PLC

31 May 2017

 

31 May 2017

Hardide plc

("Hardide" or "the Group" or "the Company")

Contract Award

Hardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to announce that it has received an order worth $770k from the General Electric Company Inc ("GE").  This new order is for the application of Hardide coating to the same family of components as covered by the Supply Agreement that expired in February 2017.  The order will be satisfied by the Company's US facility for delivery before the end of the 2017 calendar year. The order is incremental to management's existing expectations for the current year and underpins existing projections for the following financial year ending 30 September 2018. 

The information in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

- Ends -

For further information:

Hardide plc Philip Kirkham, CEO Jackie Robinson, Communications Manager	Tel: [phone]
finnCap Stuart Andrews /Henrik Persson/James Thompson	Tel:  [phone]
IFC Advisory Graham Herring/Heather Armstrong	Tel: [phone]

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, power generation, precision engineering and aerospace industries.

 

END

 

 

CNTQFLBXDEFEBBL