Hardide PLC Pre-Close Trading Update (1365B)
05 Ottobre 2015 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 1365B
Hardide PLC
05 October 2015
5 October 2015
AIM: HDD
Hardide plc
("Hardide" or "the Company")
Pre-close trading update
Hardide plc, the provider of advanced surface coating
technology, announces the following pre-close trading update ahead
of the publication of its preliminary results for the year ending
30 September 2015.
The Company expects to report preliminary year-end results that
are in line with current market expectations. After a record first
six months, as anticipated, Hardide experienced a softer second
half. This directly reflected reduced global oil and gas
exploration and drilling spending. Nonetheless, the Company has
continued to make encouraging progress with its long terms plans to
diversify the customer base, both geographically and by sector, and
potentially significant customer trials are advancing well.
The opening of the new U.S. coatings facility in Virginia is on
track, with the site expected to be fully operational before the
end of 2015.
The Board expects to release preliminary results in early
December 2015.
For further information:
Hardide plc Tel: +44 (0)1869 353 830
Philip Kirkham, CEO
Jackie Robinson, Communications
Manager
finnCap Tel: +44 (0)20 7220 0500
Stuart Andrews/ Grant Bergman
KTZ Communications Tel: +44 (0)20 3178 6378
Katie Tzouliadis
Notes to editors:
www.hardide.co.uk
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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October 05, 2015 02:00 ET (06:00 GMT)
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