Hardide PLC Contract Award (6588G)
May 31 2017 - 2:00AM
UK Regulatory
TIDMHDD
RNS Number : 6588G
Hardide PLC
31 May 2017
31 May 2017
Hardide plc
("Hardide" or "the Group" or "the Company")
Contract Award
Hardide plc (AIM: HDD), the provider of advanced surface coating
technology, is pleased to announce that it has received an order
worth $770k from the General Electric Company Inc ("GE"). This new
order is for the application of Hardide coating to the same family
of components as covered by the Supply Agreement that expired in
February 2017. The order will be satisfied by the Company's US
facility for delivery before the end of the 2017 calendar year. The
order is incremental to management's existing expectations for the
current year and underpins existing projections for the following
financial year ending 30 September 2018.
The information in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU)
No. 596/2014.
- Ends -
For further information:
Hardide plc Tel: +44 (0) 1869
Philip Kirkham, CEO 353 830
Jackie Robinson, Communications Manager
finnCap
Stuart Andrews /Henrik Persson/James Tel:
Thompson +44 (0) 20 7220
0500
IFC Advisory
Graham Herring/Heather Armstrong Tel: +44 (0)20
3053 8761
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, power generation, 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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