Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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Hardide PLC (HDD)

  Print      Mail a friend       Annual reports

Monday 31 July, 2006

Hardide PLC

Trading Statement

Hardide PLC
31 July 2006


                                       
Press Release                                                       31 July 2006



                                  Hardide plc


                          ('Hardide' or the 'Company')


                                 Trading Update


Hardide plc (AIM:HDD), the provider of unique surface engineering technology,
announces the following trading update.


The current financial year ended 30 September 2006 is likely to produce results
below current market expectations. The Company is, however, expecting to report
turnover significantly in excess of last year.


The expected shortage in revenue and increase in loss are attributable to two
factors:

• One of Hardide's major customers has recently been reducing inventory and this
  has resulted in lower than expected sales. Nonetheless, Hardide remains the
  specified supplier to this customer and accordingly the Company expects orders
  to resume previous levels once the customer's inventory has stabilised in the
  near future.

• Hardide has experienced a longer conversion time for customers expressing intent
  to purchase the Company's product. This slow-down is mainly attributed to high
  productivity at Hardide's major customers and has subsequently led to a
  slow-down in field-testing. Importantly, field-testing is still yielding the
  historic impressive results with a majority of customers opting to use Hardide's
  technology, albeit taking more time to fully incorporate Hardide's coating.


Progress at Hardide's new manufacturing facility in Houston, Texas, is
progressing ahead of expectations with the facility on course to be open for
business on 1 September 2006, a month earlier than previously estimated. The
Company is extremely optimistic about the prospects for this facility and talks
are progressing with a number of potential significant customers.


Owing to anticipated high demand for its product from both new and existing
customers, the Company has taken the opportunity to enlarge the premises in
Bicester, Oxford, to accommodate post finishing and streamlining facilities. To
accommodate these new facilities, Hardide is leasing an additional space of
4,000 sq. ft.


Hardide's recent exhibition at the Farnborough Air Show has produced several
high level enquiries from large multinational corporations and has enhanced the
Company's reputation for the provision of leading surface engineering
technologies. Although in early stages, the Company is confident that this
interest will lead to future orders.


Commenting on the announcement, Jim Murray-Smith, Chief Executive of Hardide,
said: 'Although it is frustrating to miss our targets for the year ended 31
September 2006, I am nonetheless encouraged by current developments at Hardide.
It should be noted that any shortfall in revenues is attributable to minor
delays in the field-testing of our products by certain customers and the
decision by one of our major customers to not hold inventory at historic levels.
Neither of these factors will affect Hardide's profitably on an on-going basis
and the Company's future still looks very promising.


'I am pleased to report that the manufacturing facility in Houston is
progressing ahead of schedule and recent discussion with potential customers
further confirms our belief that demand for our product in this region will be
particularly strong. The Company also received a good reception at the
Farnborough air show and I am confident that this not only boosted our presence
within the industry but will also ultimately lead to further orders from the
aerospace sector.


'I look forward to updating shareholders on progress in our preliminary results
for the year to 30 September 2006 in December.'



                                    - Ends -





For further information:
Hardide plc
Jim Murray Smith, Chief Executive                  Tel: +44 (0) 1869 353 830
jmurray-smith@hardide.com                          www.hardide.com

Daniel Stewart & Company plc
Paul Shackleton, Corporate Finance                 Tel: +44 (0) 207 776 6550
                                                   www.danielstewart.co.uk
                                                      
Media enquiries:
Abchurch
Chris Lane / Laura Riascos de Castro               Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com                      www.abchurch-group.com
                                                       






                      This information is provided by RNS
            The company news service from the London Stock Exchange