Hardide PLC Funding Awarded for Two Major Aerospace Projects

TIDMHDD

Hardide PLC

22 August 2018

Hardide plc

("Hardide" or "the Group" or "the Company")

Hardide Coatings awarded funding for two major UK aerospace projects

Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce that it has been awarded funding for two projects from The National Aerospace Technology Exploitation Programme ("NATEP"). The funding will further the application of the Company's innovative coating technology to aircraft components. NATEP is a GBP14.4m aerospace initiative programme to mature 40 aerospace technologies in the UK aerospace supply chain. Hardide is the lead partner on both of the projects.

The first project is the development of a grinding and super-finish technology for the Hardide-A coating (a proven direct replacement for Hard Chrome Plating). This project is supported by Airbus, Perfect Bore Manufacturing Ltd ("Perfect Bore") and Engis (UK) Ltd.

The second project is to develop the processing of an ultra-low temperature coating that will increase the range of aerospace substrate materials suitable for the Hardide coating process. Airbus, Leonardo Helicopters are end-users and Perfect Bore and Westmoreland Laboratories are support partners.

Both projects commence on 1 September 2018 and will each take up to 18 months to complete.

Philip Kirkham, CEO of Hardide Coatings commented: "These grant awards were made after a rigorous application process and we will be working closely on the projects with our end-user customers. Both projects have the potential to expand significantly Hardide's aerospace business, widening the range of aircraft components and substrate materials suitable for our coating technology."

 
 Enquiries: 
  Hardide plc                                       Tel: +44 (0) 7711 
   Philip Kirkham, CEO                               281915 
   Jackie Robinson, Communications Manager           jrobinson@hardide.com 
  IFC Advisory                                      Tel: +44 (0) 20 3934 
   Graham Herring / Heather Armstrong / Florence     6630 
   Chandler 
  finnCap                                           Tel: +44 (0) 20 7220 
   Henrik Persson / James Thompson / Matthew         0500 
   Radley

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.

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