Hardide PLC Airbus Global Approved Supplier Status Gained (7979A)
March 29 2017 - 1:00AM
UK Regulatory
TIDMHDD
RNS Number : 7979A
Hardide PLC
29 March 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014
Press Release 29 March 2017
Hardide plc
("Hardide" or "the Group" or "the Company")
AIRBUS GLOBAL APPROVED SUPPLIER STATUS GAINED
Hardide plc (AIM: HDD), the provider of surface coating
technology, is pleased to announce that it has now completed the
Airbus Industrial Qualification process and has gained Approved
Supplier status from the Airbus Group for the coating of flying
components.
This final part of the approval process follows technical
qualification of the Hardide-A coating by Airbus as an alternative
to hard chrome plating, which was announced in December 2015. Over
the past year Hardide has been working very closely with Airbus
engineers to ensure that the Hardide process meets Airbus's
stringent process specifications. Airbus has now granted industrial
approval of the complex coating process and Hardide is on the
global Airbus Approved Supplier list.
Airbus and its component suppliers are now able to place
production orders on Hardide to coat aircraft components and the
Company is already in commercial discussions with several Airbus
sites about the coating of specific components. Nonetheless the
Board does not expect there to be any material change to the
revenue forecasts for this financial year.
Separately, Hardide continues to make good progress towards
gaining the aerospace industry's Nadcap accreditation.
Welcoming this final stage in the Airbus approval process,
Philip Kirkham, CEO of Hardide plc said: "Extensive work has been
carried out over the past year with Airbus to prove compliance with
their stringent processing and control standards required to coat
flying parts. This final approval is the culmination of many years
of hard work and a tremendous achievement for the Hardide team. We
now look forward to working with Airbus and its partners to realise
our ambition to coat production parts.
"Aerospace is a cornerstone of Hardide's growth strategy and
today's announcement enables us to move significantly along that
path."
For further information:
Hardide plc
Philip Kirkham, CEO Tel: +44 (0) 1869 353
Jackie Robinson, Communications 830
Manager
finnCap Tel: +44 (0)20 7220
Stuart Andrews /Henrik Persson/James 0500
Thomson
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. Hardide-A is a variant of the Company's
tungsten/tungsten carbide coating range developed specifically for
the aerospace industry to replace hard chrome plating. Customers
include leading companies operating in oil and gas exploration and
production, valve and pump manufacturing, nuclear, precision
engineering and aerospace industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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