Hardide PLC Oil and Gas Sales Growth Fuels Hardide Appointment
03 Ottobre 2012 - 8:00AM
RNS Non-Regulatory
TIDMHDD
Hardide PLC
03 October 2012
Press Release 3 October 2012
Hardide plc
OIL AND GAS SALES GROWTH FUELS HARDIDE APPOINTMENT
Surface engineering technology company Hardide Coatings Ltd,
part of Hardide plc (AIM:HDD), has grown its turnover in the oil
and gas sector by 40% in the last 12 months. The company has
recently added one of the largest global providers of oilfield
services and products to its customer list and is developing
several new applications for five blue chip oilfield services
companies. New orders have been secured from two downhole drilling
tool manufacturers and an oil and gas valve manufacturer. Also,
tests are underway with several smaller drilling-related
companies.
To develop further sales in this sector, the company has
appointed a dedicated business development manager. Martin
Wainwright has joined to increase sales of Hardide's patented,
nano-structured, tungsten carbide component coatings to new and
existing oil and gas customers worldwide.
Martin brings a wide range of sales and business development
experience gained in the oil and gas and other engineering
industries. An apprentice-trained mechanical engineer, he is
experienced in highly-technical process of selling of industrial
surface coatings for use in extremely challenging environments.
Most recently Martin was with CTW (Hardfacing) Ltd / Celcoat Ltd
where he built a successful track record in identifying and selling
into new markets worldwide. Previously, he held sales and technical
positions with Mayflower Engineering, Star Precision and Devol
Engineering.
Philip Kirkham, chief executive officer of Hardide Coatings
said: "Hardide has enjoyed success with a mix of the leading
international oilfield service companies and smaller, innovative
downhole tool developers but the recruitment of Martin will take us
to the next level in an industry where Hardide can offer operators
and service companies significant cost savings through reduced
downtime and extended tool and valve life."
Martin Wainwright added: "The Hardide coating provides customers
with a significant competitive advantage on parts that are deployed
in severe service conditions where failure can be enormously
expensive. I am excited to be concentrating on the oil and gas
sector which is experiencing high levels of activity and is always
receptive to new technologies that enhance performance and return
on investment."
www.hardide.com
Ends
For further information contact:
Jackie Robinson
Tel: + 44 (0) 7711 281915
Email: jrobinson@hardide.com
Note to editors:
Hardide Coatings has developed a family of tungsten
carbide-based coatings which offer an unprecedented combination of
ultra-hardness, toughness, low friction and chemical resistance
when applied to components made from steel, alloy and other
materials. Together with features such as its ability to coat
internal surfaces, Hardide is proven to outperform competing
technologies across many measures and is proven to offer dramatic
cost savings through reduced downtime and extended part life. The
coating is in widespread use in aggressive wear or chemical
environments primarily in the oil and gas, flow control, aerospace
and advanced engineering industries worldwide.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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