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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
  -0.50 -1.43% 34.50 34.00 35.00 35.00 34.50 35.00 43,329 14:49:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 4.8 -1.4 -2.5 - 19

Hardide PLC New Facility Receives Airbus Approval

06/07/2021 7:00am

RNS Non-Regulatory


TIDMHDD

Hardide PLC

06 July 2021

6 July 2021

REACH ANNOUNCEMENT (NON-REGULATORY)

Hardide plc

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

New Facility Receives Airbus Approval

Hardide Coatings Ltd, the developer and provider of advanced surface coating technology, is pleased to announce that it has received full approval from Airbus to coat and process its components at the new and larger Longlands Road facility in Bicester, UK.

This approval follows the relocation of the Company and its equipment from Wedgwood Road, Bicester to newly built premises at Longlands Road, Bicester last year. The final coating reactor that remained in the Wedgwood Road site specifically to coat Airbus parts has now been relocated to the Longlands Road facility. The old Wedgwood Road site is now in the process of being decommissioned before the lease terminates in October 2021.

Commenting on the approval, Philip Kirkham, CEO of Hardide plc, said:

"This approval is very positive news and is the result of extensive testing and verification by Airbus of all the processes at the newly built Longlands Road facility. The Airbus approval is testament to our coatings' capabilities and means that we can now close the door on our old premises and concentrate all our aerospace processing at our modern and much larger, custom-fitted new site."

 
 Enquiries: 
Hardide plc                                    Tel: +44 (0) 1869 353 
 Philip Kirkham, CEO                                             830 
 Jackie Robinson, Communications Manager 
IFC Advisory                                    Tel: +44 (0) 20 3934 
 Graham Herring / Tim Metcalfe / Florence                       6630 
 Chandler 
finnCap - Nominated Adviser and Joint Broker   Tel: +44 (0) 2072 200 
 Henrik Persson                                                  500 
 Richard Chambers (ECM) 
 Allenby Capital - Joint Broker                 Tel: +44 (0) 20 3328 
  Tony Quirke - Sales and Corporate Broking                     5656 
  Jeremy Porter - Corporate Finance 
 

Notes to editors:

www.hardide.com

Hardide 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, precision engineering and aerospace industries.

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END

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July 06, 2021 02:00 ET (06:00 GMT)

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