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HDD Hardide Plc

6.25
0.625 (11.11%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hardide Plc LSE:HDD London Ordinary Share GB00BJJPX768 ORD 4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.625 11.11% 6.25 6.00 6.50 6.25 5.625 5.625 287,908 14:05:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coat,engrave,allied Svc, Nec 5.5M -1.12M -0.0142 -4.40 4.9M

Hardide PLC HARDIDE COATINGS GAINS NADCAP ACCREDITATION

27/06/2017 7:01am

RNS Non-Regulatory


TIDMHDD

Hardide PLC

27 June 2017

 
   27 June 2017 
 

Hardide plc

("Hardide" or "the Group" or "the Company")

HARDIDE COATINGS GAINS NADCAP ACCREDITATION

Hardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to announce that Hardide Coatings Ltd has gained Nadcap accreditation for Coatings. Nadcap is the world's leading independent certification program for special processes within the aerospace and defence industry.

The accreditation, in addition to the company's current certifications to AS9100, ISO9001 and ISO14001, means Hardide can expand its business in the aerospace sector and provide its advanced tungsten carbide-based coatings to any of the aerospace prime contractors or their supply chains worldwide. It follows the award in March 2017 of approved supplier status to Airbus Group and demonstrates the Company's ongoing commitment to quality and process excellence.

Philip Kirkham, CEO of Hardide Coatings commented: "Aerospace is a key growth market for Hardide and this is a significant achievement and milestone toward realising the clear potential for our coating technology in this sector. An increasing number of aerospace companies require their suppliers to be Nadcap accredited so to be fully approved opens up the market to us. As well as cementing our position with customers such as Airbus, Leonardo and BAE Systems, it will qualify us to work with any of the prime contractors and their worldwide supply chains."

"Congratulations to Hardide Coatings Ltd on successfully passing what may be the aerospace industry's most stringent process capability assessment audit," said Joe Pinto, Executive Vice President and Chief Operating Officer at the Performance Review Institute. "Nadcap audit criteria are widely acknowledged to be hard to meet and companies like Hardide Coatings, who succeed at doing so, rightfully deserve recognition."

Nadcap is a co-operative industry managed approach designed to ensure the highest standards of quality control, especially for the highly complex 'special processes' that are essential to the aerospace and defence industries. Membership includes industry prime contractors such as Airbus, BAE Systems, Boeing, EADS, GE Aviation, Honeywell, Leonardo Helicopters, Lockheed Martin, Rolls-Royce, Triumph Group and UTC Aerospace.

www.hardide.com

For further information:

 
 Hardide plc                                Tel: +44 (0) 1869 
  Philip Kirkham, CEO                        353 830 
  Jackie Robinson, Communications Manager 
 
   finnCap                                    Tel: +44 (0) 20 
   Stuart Andrews /Henrik Persson/James       7220 0500 
   Thompson 
 
   IFC Advisory                               Tel: +44 (0)20 
   Graham Herring/Heather Armstrong           3053 8761 
 

Notes to editors:

About Hardide

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.

About Nadcap

Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI is a global provider of customer-focused solutions designed to improve process and product quality by adding value, reducing total cost and promoting collaboration among stakeholders in industries where safety and quality are shared goals. PRI works closely with industry to understand their emerging needs and offers customized solutions in response. Learn more at www.p-r-i.org or contact PRI at PRI@p-r-i.org

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 27, 2017 02:01 ET (06:01 GMT)

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