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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.75 | 7.50 | 8.00 | 7.75 | 7.75 | 7.75 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coat,engrave,allied Svc, Nec | 5.5M | -1.12M | -0.0142 | -5.46 | 6.08M |
TIDMHDD
Hardide PLC
10 May 2023
10 May 2023
Hardide plc
("Hardide", the "Group" or the "Company")
Hardide Coatings partners with Gardner Aerospace to coat Airbus components
Coating wing components for Airbus A320
Advanced surface coating technology company, Hardide Coatings has entered into a partnership with Gardner Aerospace to coat key wing components for the Airbus A320 family of aircraft.
The Hardide CVD (chemical vapour deposition) nano-structured tungsten/tungsten carbide coating was selected after extensive testing by Airbus and is replacing hard chrome plating (HCP) previously used on these components. This is part of a strategic move by Airbus away from the use of HCP as a result of the REACH regulations, which currently bans the production of HCP in the EU and UK from September 2024.
The Hardide-coated components, which are critical to the operation of the flap mechanism, will be used on new-build A320s and as replacement parts for the existing fleet of aircraft as these are maintained. Initial components are expected to be coated in June 2023 with regular monthly volumes thereafter.
Airbus is currently producing 50 A320 aircraft per month with plans to increase this to 75 per month by 2026.
Hardide Coatings is currently coating similar wing components for the Airbus A330, A380 and A400M aircraft.
Philip Kirkham, CEO of Hardide plc commented: "We are very pleased to have been selected to coat further components for the Airbus single-aisle A320 family high-volume production aircraft, and to replace hard chrome plating (HCP).
"Our coatings are increasingly replacing HCP and thermal spray coatings such as HVOF (high velocity oxy-fuel) on components used in aerospace and other industries. The Hardide coating outperforms these other coatings in its wear, corrosion and fatigue resistance, and offers environmental advantages both in the coating process and its use in service."
All Airbus parts are coated at the company's UK facility in Bicester, Oxfordshire.
www.hardide.com
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Note to editors:
About Hardide Coatings
Hardide Coatings (AIM: HDD) develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix 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 the energy sectors, valve and pump manufacturing, industrial gas turbine, precision engineering and aerospace industries. The company has manufacturing facilities in the UK and USA.
About Gardner Aerospace
Gardner Aerospace, headquartered in Derby UK, is one of the largest, international, and independent manufacturers of detailed metallic aerospace parts for Airbus other major aircraft manufacturers. With locations in UK, France, Poland, India and China and revenues of over $200m USD and over 1,700 employees, they have comprehensive manufacturing facilities and process approvals, with a reputation for quality, delivery and responsiveness.
Enquiries:
Hardide plc Philip Kirkham, CEO Tel: +44 (0) 1869 353 830 Media Contact Tel: +44 (0) 7711 Jackie Heddle, Communications Manager 281915 Email: jheddle@hardide.com IFC Advisory - Financial PR and Investor Tel: +44 (0) 20 3934 Relations 6630 Graham Herring Tim Metcalfe Florence Chandler
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(END) Dow Jones Newswires
May 10, 2023 02:00 ET (06:00 GMT)
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