RNS Number:1546N
Flintstone Technologies PLC
04 July 2003

Embargoed 0700hrs 4 July 2003


                          Flintstone Technologies Plc
                                 ("Flintstone")

                           Hardide Raise #1.6million


Flintstone is pleased to announce that Hardide Ltd ('the company'), the company
that produces a unique ultra hard, abrasion and chemically resistant Tungsten
Carbide coating for use with steel and other alloys, has raised a further #1.6
million in investment. Flintstone, a major shareholder in Hardide, supported the
fund raising and following the 1st closing own 49% of the company.

The further funding will be used to expand the company enabling it to satisfy
the current growing demand for the Hardide technology. As an integral part of
this expansion the company will shortly move to new 8500 sq ft premises in
Bicester where two new CVD (Chemical Vapour Disposition) furnaces will be
installed. The first of the two new furnaces is due to be installed shortly.

The Hardide coating process was conceived in Russia and has been subject to a
2-year development programme at Begbroke Science Park, Oxfordshire. In summer
2001 a pilot coating facility was commissioned resulting in more than 500
different components being sampled and evaluated confirming an extraordinary
demand for the technology. Amongst Hardide's growing customer base are several
internationally renowned companies operating in the oil and gas sector where the
technology is providing substantial improvement in component life thereby
offering considerable operational cost savings.

David Chestnutt, CEO Flintstone, commented:

"We are very pleased to have raised this extra funding and look forward to
Hardide occupying thier new premises. The two new larger furnaces will enable
them to increase production levels as well as move into new areas of business
involving larger component pieces, thus offering the large cost savings produced
by the coating to a wider range of industries and applications. This is an
exciting time for Hardide and one in which they will be able to increase thier
supply capabilities to meet the growing demand for the Hardide coating"


For further information please contact:

David Chestnutt                         Tel: 0151 706 0626
Flintstone Technologies                 www.flintstoneplc.com
                                        ---------------------
Chief Executive

Andrew Tan / Brigitte Atkinson          Tel: 0207 245 1100
Hansard Communications                  Brig@hansardcommunications.com
                                        ------------------------------
                                        www.hansardcommunications.com


Notes to Editors:-

Flintstone Technologies plc joined the AIM market in June 2002 raising #5.4
million at the same time. The Group brings a number of management skills to its
investments, such as intellectual property verification and transfer, commercial
audits, industrial evaluation, fund raising, human resources and financial
expertise.


Flintstone's investments include:

BioCote: A range of anti- bacterial powder coatings for metal, wood and plastic
surfaces. This was sourced UK as it fitted Flintstone's portfolio.

Firestop: A range of non-brominated and halogen free flame-retardants for use
with plastics, textiles, wood and metal.

Hardide: A chemical process for creating super-hard tungsten carbide surfaces on
steels and other surfaces. The process can enhance the life of steel components
by a factor of 10.

Intellikraft: Next generation rechargeable batteries based on nano treatment of
advanced ceramic material.

Keronite: A process for creating hardened surfaces on aluminium, magnesium and
titanium.

UltraMotor: A regenerative, high-torque, high efficiency, direct drive DC Motor
For Light Electric Vehicles

Flintstone has sourced four further technologies. Like the existing portfolio,
the companies operate in the surface engineering and speciality chemicals market


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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