Hardide Share Discussion Threads

[condom2] 12/7/2018 13:14

Amazing well done

[nick100] 12/7/2018 07:08

Hardide Coatings, USA, now aerospace ready with award of

AS 9100D certification

Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce that it is now certified to coat aerospace, defence and space industry components in the USA.

The Company's production facility in Martinsville, Virginia has been awarded the aerospace standard AS 9100D quality management standard by global certifying body, Lloyds Register. This follows the award of the AS 9100D certification to its UK production site in Bicester, Oxfordshire in December 2017. This award strengthens Hardide USA's potential to generate significant new contracts with blue chip defence and aerospace manufacturers across the region.

Revision D of AS 9100 includes an increased focus on senior management commitment, risk management and product safety requirements. It is a complement to ISO 9001:2015 quality management standard and is specifically designed to meet rigorous aerospace industry requirements and enhance product safety and quality.

Philip Kirkham, CEO of Hardide commented: "We are very proud to have achieved this exacting standard which opens up the North American aerospace market to us. We have recently added to our business development team in the US and now have a dedicated North America VP of Business Development who will concentrate on high-tech markets in the region, including aerospace. We are already involved with several major military and civil aerospace players with early stage tests and development programmes underway.

This award illustrates our commitment as a company to reach the very highest levels of quality and to continuously improving our processes and facilities."

[nick100] 09/7/2018 07:06

nvesting for further growth in North America

Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce that it has appointed Mark Hanania as Business Development Engineer based in Houston, Texas to help drive growth in the oil, gas and energy sectors throughout North America.

Strong growth in demand from oil and gas customers in North America and recent entry into the aerospace market is underpinning significant investment in coating technology and quality accreditation at the Company's US coating facility in Martinsville, Virginia.

A third coating reactor will be installed by Q4 2018 to accommodate increased demand from major oil and gas operating and service companies. The Martinsville facility is on-track to receive accreditation to aerospace quality management standard AS9100 during summer 2018.

Mark Hanania joins Hardide Coatings, Inc. as Business Development Engineer - Oil, Gas & Energy, North America from 3M Canada where he was responsible for driving 3M innovation into the Alberta/British Columbia oil and gas markets. He brings 20 years of engineering and business development experience, previously spending more than 13 years with Hilti Canada where he held several engineering roles. Mark has a B.Sc. in Mechanical Engineering from the University of Calgary.

Philip Kirkham, CEO of Hardide plc, commented: "We are seeing a strong rise in demand from oil and gas customers in North America and Mark's appointment will enable existing North America VP Business Development, Dan Wilson, to concentrate on other high-tech markets including aerospace, where we believe there are significant opportunities throughout the region.

"We are expanding our capacity in the USA with investment in people, equipment and technology supported by the highest, aerospace quality standards."

[lefrene] 14/6/2018 10:06

Thank you for the link. Reassuringly 'unslick'. Presumably they will get bought out by one of their big customers?

[juleshoddy] 13/6/2018 20:58

Fine for me too!

[rogerramjet] 13/6/2018 20:42

Hmmm. Mine loud and clear. Galaxy S7 phone. From the link above.

[tbow112] 13/6/2018 20:38

Any way of playing the video so that one can hear it ?

[rogerramjet] 13/6/2018 17:34

Very interesting presentation. Seems aerospace is very much the key.Didn't realise the Russian site was still working behind the scenes on R+D.The US site is covered for expansion. The UK is not. It's not going to be a 2 minute job to get new premises up and running with a couple of new reactors with room for a few more. But as Phil says 'a nice problem to have'.

[tomps2] 13/6/2018 16:17

Hardide (HDD) presentation 11.6.18 at Progressive Equity Research – piworld investor event
By Phil Kirkman CEO and Peter Davenport – CFO



Introduction by Gareth Evans, MD Progressive Equity Research

Phil Kirkman, CEO
What is Hardide? - 01:55
The business model - 04:20
Aim listing & placing – 05:35
The group facilities – 06:00
Key facts - 6:43
Patented coating technology - 09:10
Intellectual property - 13:10
Key markets – 14:30
Accreditations - 17:38
H1 18 overview - 18:19

Peter Davenport, CFO
Financial trends – 20:45
Financial overview H1 18 v H1 17 - 22:40
Income Statement 23: 32
Balance sheet – 23: 40

Q&A - 25:30

[tomps2] 13/6/2018 16:17

Hardide (HDD) presentation 11.6.18 at Progressive Equity Research – piworld investor event
By Phil Kirkman CEO and Peter Davenport – CFO



Introduction by Gareth Evans, MD Progressive Equity Research

Phil Kirkman, CEO
What is Hardide? - 01:55
The business model - 04:20
Aim listing & placing – 05:35
The group facilities – 06:00
Key facts - 6:43
Patented coating technology - 09:10
Intellectual property - 13:10
Key markets – 14:30
Accreditations - 17:38
H1 18 overview - 18:19

Peter Davenport, CFO
Financial trends – 20:45
Financial overview H1 18 v H1 17 - 22:40
Income Statement 23: 32
Balance sheet – 23: 40

Q&A - 25:30

[dozey3] 13/6/2018 12:39

No you’re not, pockstones, this is on the cusp and ready to motor. Hard chrome users will be getting more and more edgy.

[pockstones] 12/6/2018 22:57

Why is an oversubscribed fund raising precarious and 3.3m in the bank precarious
Am I missing something

[nestoframpers] 12/6/2018 22:40

What do folk make of this ? looks some what precarious to me .

[dozey3] 31/5/2018 22:21

Well I hope HDD are talking to Rolls about their billion pound worry with accelerated wear in a particular model of the Trent engine. Lol.

[rogerramjet] 31/5/2018 18:30

AnscDo you really think so. I'm sure he has more money than me to invest and he has now roughly the same invested as me. Unfortunately for all my time invested in Hardide I have less shares. Hey ho.I don't think its a show of confidence as such. But what do I know.We all know or at least should do if you do research that an Airbus order is round the corner or I hope it is.I'm worrying how big the sum of orders will total.I don't think it 1 supplier but perhaps multiple as Hardide will coat different items. They will drip in at different times. The first could be an order for a bearing totaling 100 quid per plane. Ha.DyorRRJ

[ansc] 31/5/2018 17:12

I hadn't noticed yesterday's RNS regarding Charles Irving-Swift, a Non-Exec Director, purchasing 505,050 shares. At least he must be feeling confident unlike some of us who've waited years for this long-promised first aerospace order.

[rogerramjet] 31/5/2018 15:53

Nice rise. Expect the board to be full of what's happened or have we had an long awaited Airbus order..... disappointed.I have nothing to add though.... Still waiting. Ha.

[nick100] 17/5/2018 05:39

Interview transcript

Q&A with Hardide Plc CEO Phillip Kirkham (LON:HDD)
Posted by: Amilia Stone 16th May 2018

Hardide Plc (LON:HDD) Chief Executive Officer Phillip Kirkham caught up with DirectorsTalk for an exclusive interview to discuss their interim results, continued growth in the oil & gas sector, Airbus & Leonardo projects, their US facility and expected news flow for the coming months.



Q1: First off, congratulations on a strong set of results. Phil, can you talk us through the highlights?

A1: Certainly. It’s a very positive performance in the first half of this year with revenues up 43% compared to the same period last year and a much-reduced loss at EBITDA level.

These results continue the trend we’ve seen over the past 5 half-year results, with each half showing an increase in revenue, increase in growth profit, increase in gross margin and reducing losses. In addition, we’ve got a much stronger balance sheet now following the over-subscribed fundraising that we did last October.

We are seeing an increased demand from our existing customers within the oil and gas sector but also from brand new customers and new development projects.

Volume sales have also commenced from the two major supply agreements that we mentioned last year with the first one producing revenue in the first half and the second one just starting to produce revenue in the second half. We’re also making very good progress with Airbus towards finalising all the engineering and production details we need to move forward there.

The US facility continues to perform well with the new reactor on schedule for delivery in the second half and we’re now starting to see a lot of interest from US aerospace companies.



Q2: As you mentioned, the oil and gas sector has shown strong growth for Hardide, do you see this continuing?

A2: The signs are very encouraging, and we continue to see further business in this sector, the oil and gas price rise we’ve seen recently should also stimulate production. Interestingly, our major oil and gas customers report continuing strong demand through the rest of 2018 and as I mentioned earlier, we now have new applications starting to generate revenue.



Q3: You’ve detailed development and testing work with Airbus and Leonardo Helicopters, can you tell us how these relationships are progressing?

A3: Both Airbus and Leonardo are putting in a tremendous amount of time and effort into these projects which indicates the importance of them getting Hardide on flying parts as soon as possible.

The detailed engineering work is continuing and is making really good progress and we are of course working with other aerospace OEM’s on a variety of parts which now includes aerospace companies based in the US.



Q4: If we just turn to the US facility in Virginia, it appears to be progressing well, what will this add to the group?

A4: Well, having a facility in North America has been really key to some of the developments we’re making with customers there and we see significant further opportunities in this region in many sectors. To ensure that we capitalise on these opportunities, we’re actually in the process of recruiting for an additional US-based Business Development Manager to support this.

The facility itself continues to perform very well with excellent quality and excellent on time delivery metrics. The new coating reactor, currently being manufactured, will be delivered and commissioned before the end of the financial year and will ensure that we have the capacity to take on more business there.



Q5: Finally, what news flow can investors expect to see in the remainder of the year for Hardide?

A5: I wish we could give more detail about the applications and the customers we’ve recently developed but the industry is very secretive, and we’re bound by very strict non-disclosure agreements not to divulge any information. As you can understand, this makes it very difficult for us to give regular news flow.

However, we do hope to be able to say more about the aerospace developments in the near future and we will of course continue to keep the market abreast of any changes for the forecast numbers through trading updates where necessary.

[pgs2] 14/5/2018 12:56

All moving in the right direction and a positive set of interims. The future is looking bright for Hardide.

[spike_1] 14/5/2018 08:14

The 'bad' news is that they are still quite heavily dependent on the oil sector, which has previously had a relatively sudden downturn causing real revenue problems for HDD.

The good news is that aerospace seems to be genuinely getting closer and closer, and the helicopter in particular should be very high value parts that should also encourage other industries over time, especially given that they have named the company and the safety critical nature of the components.

Best wishes - Mike