RCS - Hardide PLC - Supplier Approval & Order for Leonardo Helicopters

HardideAnnouncement

27/10/2022 07:00

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RNS Number : 2209E  Hardide PLC  27 October 2022

REACH

27 October 2022

Hardide plc

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

Supplier Approval and First Orders for Leonardo Helicopters

 

Hardide, the developer and provider of advanced surface coating technology, is
pleased to announce that it has received full supplier approval from Leonardo
Helicopters ("Leonardo") for its Hardide-A coating to coat flying parts, and
the first production order has been received for processing. Leonardo is one
of the UK's leading aerospace companies and one of the biggest suppliers of
defence and security equipment to the UK Ministry of Defence.

 

The first parts to be coated are components used in the gearbox transmission
systems of a particular class of helicopter and are part of an existing
aircraft upgrade. The Company expects the approval to open up further
opportunities within the Leonardo Group, based in Italy.

 

The Hardide-A coating was developed to meet the needs of the aerospace
industry as an environmentally compliant alternative to Hard Chrome Plating.
It has been qualified by several aerospace customers including Airbus,
Lockheed Martin and Triumph Group.

 

Philip Kirkham, CEO, commented: "We are delighted to have secured approval
from Leonardo Helicopters to coat flying parts after more than seven years of
extensive testing of the coating. The first components have been received for
processing and we look forward to a long and productive relationship with the
Leonardo Group."

 

 Enquiries:
 Hardide plc

 Philip Kirkham, CEO                                  Tel: +44 (0) 1869 353 830

 Jackie Heddle, 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 (Corporate finance)

 Barney Hayward (ECM/Broking)

 Allenby Capital - Joint Broker                       Tel: +44 (0) 20 3328 5656

 Tony Quirke - Sales and Corporate Broking

 Jeremy Porter/ Freddie Wooding - Corporate Finance

 

Notes to editors:

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

 

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 the energy sectors, valve and pump manufacturing, industrial gas
turbine, precision engineering and aerospace industries.

 

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