Hardide PLC Queen's Award for Enterprise
21 Aprile 2020 - 8:00AM
RNS Non-Regulatory
TIDMHDD
Hardide PLC
21 April 2020
21 April 2020
Hardide plc
("Hardide", "the Group" or "the Company")
Queen's Award for Enterprise
Hardide (AIM: HDD), the developer and provider of advanced
surface coating technology, is pleased to announce that it has been
honoured with a Queen's Award for Enterprise in recognition of the
outstanding growth of its international sales.
The Group has won a Queen's Award for Enterprise: International
Trade 2020, for its outstanding short-term growth in overseas
sales, which increased by 152% over the three years to 30 September
2018. The Group is proud to have continued this into the year ended
30 September 2019. During this period, the Group secured record
overall revenues and of these 67% were international.
The Group's main international market is North America, where it
coats parts used in severe service applications in the aerospace,
oil & gas, and flow control industries. Customers include
leading blue-chip companies operating in aerospace such as Airbus,
BAE Systems, Leonardo Helicopters and Lockheed Martin; as well as
in oil & gas exploration and production, valve and pump
manufacturing, and precision engineering.
Philip Kirkham, CEO, Hardide plc commented: "A Queen's Award is
one of the greatest accolades for a British business and we are
extremely proud that the international growth of our business has
been recognised in this way. The patented Hardide coating
technology is being adopted by market-leading customers around the
world to extend the life and optimise the performance of their
components. Looking forward, we are confident that we will continue
to grow our business in North America, while also exploring new
international markets for our coatings."
Enquiries:
Hardide plc Tel: +44 (0) 1869
Philip Kirkham, CEO 353830
Jackie Robinson, Communications Manager
IFC Advisory Tel: +44 (0) 20 3934
Graham Herring / Tim Metcalfe/ Florence 6630
Chandler
finnCap - Nominated Adviser and Joint Broker Tel: +44 (0) 20 7220
Henrik Persson / Matthew Radley 0500
Allenby Capital - Joint Broker Tel: +44 (0) 20 3328
Jeremy Porter/James Hornigold 5656
Notes to editors:
Hardide develops, manufactures and applies advanced technology
tungsten carbide/tungsten metal matrix 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, precision engineering and
aerospace industries.
www.hardide.com
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END
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