Hardide PLC AGM Statement (6706Z)
10 Febbraio 2014 - 10:00AM
UK Regulatory
TIDMHDD
RNS Number : 6706Z
Hardide PLC
10 February 2014
10(th) February 2014
Hardide plc
("Hardide" or "the Group" or "the Company")
AGM Statement
Hardide (AIM: HDD), the provider of advanced surface coating
technology, will be holding its Annual General Meeting at its HQ in
Bicester at 10:30 am today. At the meeting Robert Goddard, Chairman
of the Company, will make the following statement:
"The first half of the year is progressing well with trials and
projects being turned into regular business; including a number
that have the potential for significant revenue growth in the
near-term. Sales activity has increased following further
investment from the Company, with the number of active accounts
rising to 47 from 38 at the year end. Additionally, sales of the
new coating for oil and gas tools developed with the Technology
Strategy Board grant are continuing to grow."
"The Group is also working to increase market penetration and
diversity and thereby reduce its dependence on a small number of
customers. Combined with investment in sales and marketing this has
resulted in nine new projects being worked on since the year end
and receipt of the first order from Italy. We are also in
discussions concerning potential new supply agreements which would
be contributors to this year's performance."
"Support from the Board for continued investment in a number of
areas across the Company, including technical development and
extending the patent portfolio, has allowed new application
development, further adding value to the Company and giving
confidence in the year ahead."
For further information:
Hardide plc
Philip Kirkham, Chief Executive Officer Tel: +44 1869 353 830
Jackie Robinson, Communications Manager jrobinson@hardide.com
www.hardide.com
finnCap Tel: +44 20 7220 0500
Stuart Andrews / Grant Bergman ww.finncap.com/
Newgate Threadneedle Tel: +44 207 653 9850
Graham Herring / Heather Armstrong www.newgatethreadneedle.com
Notes to editors:
Hardide Coatings develops, manufactures and applies
nano-structured tungsten-carbide coatings to a wide range of
engineering components. The Group's patented technology is unique
in combining a mix of abrasion, erosion and corrosion resistant
properties in one material and its ability to coat interior
surfaces and complex shapes uniformly. When applied to metal
components in aggressive environments, the material is proven to
offer dramatic improvements in component life resulting 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,
nuclear, advanced engineering and aerospace industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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