Hardide PLC Contract Award
01 Marzo 2022 - 8:01AM
RNS Non-Regulatory
TIDMHDD
Hardide PLC
01 March 2022
RNS REACH
Hardide plc
("Hardide", "the Group" or "the Company")
Contract Award
Hardide, the developer and provider of advanced surface coating
technology, is pleased to announce that it has delivered the first
production set of coated turbine blades for Ansaldo Energia S.p.A,
a major European manufacturer of steam and gas turbines and energy
solutions transitions leader. These blades are to be installed in
advanced gas turbine engines with high operational flexibility that
cut CO(2) emissions and operational costs in a very demanding
market. More orders for this application are expected to be placed
during 2022.
The Hardide-A coating is proven to reduce wear, corrosion and
erosion of the turbine blades, maintaining high efficiency for
longer and reducing significant on-going maintenance costs. The
Group was granted a patent in November 2019 by the UK Intellectual
Property Office for an erosion resistant coating for turbine
blades, vanes and other components. Equivalent registration of this
patent is underway in ten leading industrial countries. The Group
believes there is significant potential for further business from
the gas and steam turbine sector, and has active developments with
five power generation companies in the UK and Europe.
The ability to coat these components is only possible because of
the investment made in the new Longlands Road site, in particular
the larger coating reactor and pre-treatment line that are large
enough to process blades of this size.
Philip Kirkham, CEO, commented: "This is our first production
order for power generation turbine blades and we are delighted to
be contributing to a new generation of technology which offers
clear environmental and operational cost advantages in the power
generation market. This, and similar applications in the future,
would not have been possible without the investment made at the new
UK site. The high level of current and forecast utilisation of this
large reactor supports the decision to invest ahead of demand.
Hardide is looking forward to continuing to work with Ansaldo
Energia and others, including EDF Energy, and expects to receive
further contracts for the coating of turbine blades this year."
Enquiries:
Hardide plc Tel: +44 (0) 1869
Philip Kirkham, CEO 353 830
Jackie Robinson, Communications Manager
IFC Advisory Tel: +44 (0) 20 3934
Graham Herring / Tim Metcalfe / Florence Chandler 6630
finnCap - Nominated Adviser and Joint Broker Tel: +44 (0) 2072
Henrik Persson / Abigail Kelly 200 500
Richard Chambers (ECM)
Tel: +44 (0) 20 3328
Allenby Capital - Joint Broker 5656
Tony Quirke - Sales and Corporate Broking
Jeremy Porter - Corporate Finance
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 energy, aerospace and
industrial sectors
www.hardide.com
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END
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