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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