Hardide PLC AGM Statement (2048X)
20 Febbraio 2017 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 2048X
Hardide PLC
20 February 2017
Press Release 20 February 2017
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:
"Hardide is starting to see an upturn in activity from its oil
and gas customers. This follows the recent OPEC deal on cutting
output, which has raised the oil price and resulted in an
increasing number of North American drilling rigs being brought
back into production. Our new development with a major producer of
hydraulic fracturing tools is progressing well and we have seen a
recent increase in demand from this customer as well as from our
more-established customers.
"We are also seeing regular demand from the manufacturer of
advanced baggage-scanners where our components are integral to the
machine's functionality.
"Our aerospace developments are progressing to plan, with
multiple applications now in test programmes across a range of
customers. A number of high-volume components are currently in
discussion with Airbus. We expect to be able to provide more news
on this over the coming months.
"The new Hardide facility in the US is producing
consistently-excellent product and for our high-volume North
American customers.
"The board is monitoring closely developments in its target
markets and remains confident about the medium- and long-term
prospects for the company.
"Half year results are expected to be published on Tuesday 16th
May 2017 when there will be a further update on trading."
For further information:
Hardide plc
Philip Kirkham, CEO Tel: +44 (0) 1869 353
Jackie Robinson, Communications 830
Manager
finnCap Tel: +44 (0)20 7220
Stuart Andrews / Grant Bergman/James 0500
Thomson
Notes to editors:
www.hardide.com
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, precision engineering and aerospace
industries.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation (EU) No
596/2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMLLFSLFAIDLID
(END) Dow Jones Newswires
February 20, 2017 02:00 ET (07:00 GMT)
Grafico Azioni Hardide (LSE:HDD)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Hardide (LSE:HDD)
Storico
Da Lug 2023 a Lug 2024