Investing for further growth in North America

RNS Number : 9317T

Hardide PLC

09 July 2018

 

09 July 2018

Hardide plc

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

Investing for further growth in North America

Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce that it has appointed Mark Hanania as Business Development Engineer based in Houston, Texas to help drive growth in the oil, gas and energy sectors throughout North America.

Strong growth in demand from oil and gas customers in North America and recent entry into the aerospace market is underpinning significant investment in coating technology and quality accreditation at the Company's US coating facility in Martinsville, Virginia.

A third coating reactor will be installed by Q4 2018 to accommodate increased demand from major oil and gas operating and service companies. The Martinsville facility is on-track to receive accreditation to aerospace quality management standard AS9100 during summer 2018.

Mark Hanania joins Hardide Coatings, Inc. as Business Development Engineer - Oil, Gas & Energy, North America from 3M Canada where he was responsible for driving 3M innovation into the Alberta/British Columbia oil and gas markets. He brings 20 years of engineering and business development experience, previously spending more than 13 years with Hilti Canada where he held several engineering roles. Mark has a B.Sc. in Mechanical Engineering from the University of Calgary.

Philip Kirkham, CEO of Hardide plc, commented: "We are seeing a strong rise in demand from oil and gas customers in North America and Mark's appointment will enable existing North America VP Business Development, Dan Wilson, to concentrate on other high-tech markets including aerospace, where we believe there are significant opportunities throughout the region.

"We are expanding our capacity in the USA with investment in people, equipment and technology supported by the highest, aerospace quality standards."

Enquiries:
Hardide plc Philip Kirkham, CEO Jackie Robinson, Communications Manager	Tel: [phone]
IFC Advisory Graham Herring / Heather Armstrong / Florence Chandler	Tel: [phone]
finnCap Henrik Persson / James Thompson / Matthew Radley	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, precision engineering and aerospace industries. 

 

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