Hardide Inks Supply Agreement with General Electric
03 Marzo 2014 - 10:06AM
Dow Jones News
LONDON--Hardide PLC (HDD.LN), a provider of advanced surface
coating technology, announced on Monday that it has entered into a
strategic supply agreement with General Electric Company Inc.
(GE).
MAIN FACTS:
-The agreement is for the supply of coating to a single
component currently used by GE resulting in guaranteed turnover
volume to the company of $1.3 million over the 2 years to February
2016
-Agreement is extendable up to five years
-Shares at 0835 GMT up 18% at 0.03 pence valuing the company at
GBP17.5 million.
Write to Jana Weigand at jana.weigand@wsj.com
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