US facility

Hardide PLC 25 April 2005 Press Release 25 April 2005 Hardide to establish US manufacturing and sales capacity in response to growing demand Hardide plc ('Hardide' or 'the Company'), the provider of unique surface engineering technology, announces its intention to establish a sales and manufacturing facility in Houston, Texas. The investment will address the growing demand for Hardide's products in the oil and gas sector. In addition to rising order levels from US-based customers operating in the oil and gas sector, Hardide is also experiencing a substantial increase in the number of customer enquiries. Consequently the Company has decided to accelerate its plans for US markets by initially establishing a commercial office, which will be followed by the installation of a processing facility housing two CVD (chemical vapour deposition) coating furnaces together with associated support equipment. The cost of the graduated programme is £40,000 per month initially, rising to an estimated total investment of some £2.6 million over 24 months. Jim Murray-Smith, Chief Executive, said: 'There is a clearly demonstrated and growing demand from the oil and gas drilling and downhole sector for a high-performance abrasion- and corrosive-resistant coating that will prolong component life and minimise downtime. Hardide, which has been proven to offer significant cost savings across the supply chain, needs to answer that demand. 'A Houston facility will give us a launch-pad into the North American market and enable us to provide a cost-effective and efficient service. We are in the process of identifying suitable premises and will be recruiting local technicians. A technical team from the UK will set up the facility and train the local team.' Hardide will be represented at the Offshore Technology Conference (OTC), taking place in Houston on 2 to 5 May 2005. Ends For further information: Hardide plc Jim Murray Smith, Chief Executive Tel: +44 (0) 1869 353 830 jmurray-smith@hardide.com www.hardide.com Seymour Pierce Sarah Wharry / Jeremy Porter, Corporate Finance Tel: +44 (0) 20 7107 8000 Media enquiries: Abchurch Peter Curtain / Chris Lane Tel: +44 (0) 20 7398 7700 chris.lane@abchurch-group.com www.abchurch-group.com Notes to editors Hardide provides and applies tungsten carbide coatings to a wide range of engineering components. The Company's patented technology is unique in that it combines both abrasion- and-corrosion resistant properties in one coating. When applied to components, the technology is proven to offer dramatic cost savings through reduced downtime and extended component life. Customers include leading companies operating in oil and gas exploration, valve and pumps manufacturing and general engineering. Founded in 2000, Hardide operates three industrial coating facilities in Bicester, Oxfordshire, UK. This information is provided by RNS The company news service from the London Stock Exchange

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Hardide (HDD)
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