REG - Hardide PLC - Significant further order intake North America

HardideAnnouncement

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RNS Number : 7706F  Hardide PLC  27 May 2026

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

27 May 2026

 

Hardide plc

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

 

Significant further order intake North America

Hardide plc (AIM: HDD), the provider of advanced surface coating technology,
is pleased to announce that it has received orders from its large North
American energy sector customer to cover the remainder of that client's
anticipated requirements for the course of financial year ending 30 September
2026 ("FY26"). The value of the contract is £2.4m and is greater than the
Board's previous expectations for this current financial year. This will have
the effect of materially improving revenue and overall financial performance
expectations for FY26.

The majority of this new order intake will be delivered from the Group's
Martinsville facility in the USA. Operational improvements delivered in recent
months have enabled Hardide to deliver its existing order book at a faster
rate than previously anticipated. The new orders reflect the increased output
Hardide is now able to deliver to meet growing demand. These orders will be
supplied concurrently with the recently announced orders being fulfilled by
the Group's UK facility in Bicester.

The new orders include selling price surcharges which seek to mitigate the
impact of recent input cost inflation. Hardide also continues to broaden its
supply chain for process gas to manage cost inflation as far as possible and
to ensure continuity of supply. Ongoing supplies of gas have been secured at
known costs, covering anticipated demand for the remainder of FY26 and into H1
FY27. No restrictions in supply for the use of tungsten gas by Hardide at the
higher volumes now being sought have been experienced to date.

Matt Hamblin, Chief Executive, said:

"We are very pleased that the customer has again placed an order with us and
that we have visibility of their orders for the rest of the financial year. We
expect these orders to continue into the next financial years and, as we work
more closely with the customer, are developing a mutually beneficial schedule
for orders and deliveries which will underpin FY27. We are also pleased to see
developments across business lines and with our wider customer base, and look
forward to reporting on progress in this regard later in the year."

 For further information:
 Hardide plc                                                   Tel: +44 (0) 1869 353 830

 Matt Hamblin (CEO)

 Simon Hallam (Finance Director)

 Cavendish Capital Markets Ltd - Nominated Adviser and Broker

 Henrik Persson / Elysia Bough (Corporate Finance)             Tel: +44 (0) 2072 200 500

 Jasper Berry / Dale Bellis (Sales)

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 as well as a reduced carbon footprint.
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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