Trading Update

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 Jackie Robinson, Communications Manager	Tel: [phone] www.hardide.com
N+1 Brewin
Andrew Craig/Ben Wright	Tel: [phone] 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. 

 

END

 

 

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