HDD Hardide Plc

    RNS Number : 8884E
  Hardide PLC
  02 October 2008
   

       


       


 Press Release   2 October 2008


    Hardide plc

    ("Hardide" or "the Group")


    Pre-Close Trading Update

    Hardide plc (AIM:HDD), the provider of unique metal surface engineering technology, is pleased to provide the following pre-close
trading update as it enters its close period for the year ending 30 September 2008.

    Overall trading in the period ending 30 September 2008 has been in line with market expectations and the Group remains positive on the
outlook for the future. Orders are returning to previous levels following the unexpected reduction in demand from a major UK customer. The
Group is at an advanced stage of testing with two of its global customers for potentially high volume orders to utilise Hardide's technology
across further product lines.  The coatings approval test programme with Airbus continues to progress.

    Commenting on the announcement, Dr Graham Hine, Chief Executive of Hardide plc, said: "I am pleased to announce that the implementation
of the new strategy is progressing to plan.  We have successfully focused on increasing cash generation in the UK, cutting discretionary and
capital expenditure, and aggressively pursuing a disciplined approach to sales and new applications development.  The UK operation is on
track to sustained profitability and we remain optimistic about future prospects for Hardide in the US."



      For further information:
        
 Hardide plc
 Dr Graham Hine, Chief Executive  Tel: +44 (0) 1869 353 830
 Jackie Robinson, Head of
 Communications    
                                       www.hardide.com

 Seymour Pierce Limited
 Nicola Marrin           Tel: +44 (0) 20 7107 8000
                           www.seymourpierce.com

    Media enquiries:
 Abchurch
 Chris Lane / George Parker        Tel: +44 (0) 20 7398 7719
 george.parker@abchurch-group.com   www.abchurch-group.com


    Hardide Coatings
    Hardide provides and applies tungsten carbide-based coatings to a wide range of engineering components. The Company's patented
technology is unique in that it combines both abrasion and corrosion resistant properties in one coating. When applied to components, the
technology is proven to offer dramatic cost savings through reduced downtime and extended component life.  Customers include leading
companies operating in oil and gas exploration and production, valve and pumps manufacturing, general engineering and aerospace.  


This information is provided by RNS
The company news service from the London Stock Exchange
 
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