RCS - Hardide PLC - Contract Award

HardideAnnouncement

01/03/2022 07:15

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RNS Number : 0742D  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 353 830

 Philip Kirkham, CEO

 Jackie Robinson, Communications Manager
  IFC Advisory                                       Tel: +44 (0) 20 3934 6630

 Graham Herring / Tim Metcalfe / Florence Chandler
 finnCap - Nominated Adviser and Joint Broker        Tel: +44 (0) 2072 200 500

 Henrik Persson / Abigail Kelly

 Richard Chambers (ECM)
                                                     Tel: +44 (0) 20 3328 5656

 Allenby Capital - Joint Broker

 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 (http://www.hardide.com/)

 

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