HDD Hardide Plc

TIDMHDD

RNS Number : 2585E

Hardide PLC

09 February 2015

9 February 2015

Hardide plc

("Hardide" or "the Group" or "the Company")

AGM Statement

At the Annual General Meeting of Hardide plc (AIM: HDD) to be held today at 11:30am, Robert Goddard, Chairman of the Company, will make the following statement:

"The Group has made good progress in the first four months of the current financial year ending 30 September 2015 and results to date are slightly ahead of budget.

Our plans for the expansion of capacity are on track, both in the UK and US, reflecting developing customer demand. A number of new applications are in test for customers across a range of industries, which strengthens Hardide's medium-term revenue pipeline. The Board is mindful of the recent decline in the oil price and continues to monitor carefully its clients' order patterns.

Half year results are expected to be published in late May when the Group will provide a further update on trading."

For further information:

 
  Hardide plc 
  Philip Kirkham, CEO                Tel: +44 (0) 1869 353 830 
   Jackie Robinson, Communications    www.hardide.com 
   Manager 
 
   finnCap 
   Stuart Andrews / Grant Bergman      Tel: +44 (0)20 7220 0500 
                                       www.finncap.com 
 
   Newgate Communications             Tel: +44 207 653 9850 
   Adam Lloyd / Helena Bogle          www.newgatethreadneedle.com 
 

Notes to editors:

Hardide develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining in one material a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results 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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