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News

Hardide Coatings - BAE Systems Approval


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Hardide Coatings Limited
: 17 July, 2006  (New Product)
FARNBOROUGH FIRST FOR UK COATINGS COMPANY WITH NEW
BAE SYSTEMS APPROVAL

A revolutionary new tungsten-based precision coating which has BAE Systems approval for use on components for the Eurofighter Typhoon is making its Farnborough International Airshow debut this year (17-23 July 2006).

Hardide Coatings Limited has developed a binder-free tungsten-based coating with unique abrasion, erosion, chemical resistance and anti-galling properties. This tough and pore-free protective coating is multi-functional and offers a better performing, environmentally safe alternative to hard chrome plating and other coating technologies. As it is produced by chemical vapour deposition (CVD), it can coat internal surfaces and complex shapes. It can be applied to components made from steel, alloys and other materials.

The patented coating secured BAE Systems approval earlier this year for use on components in the Typhoon canopy. This is the first aerospace sector approval for Hardide and the company is in talks with other global aerospace equipment companies. Hardide's current primary application is in the international oil and gas market where Hardide-coated components are in widespread use around the world. The coating is also in use in the power, chemical and food manufacturing industries.

The Hardide coating is the result of 25 years of research and development. Commercialisation began in 2000 and in 2003 a coatings facility was set up in Bicester, Oxfordshire where 28 staff are now employed. Two staff are currently employed in the US and this will increase to ten by October 2006, when the company opens its first international manufacturing facility in Houston, Texas. This operation will service the US aerospace sector as well as oil and gas customers.

In April 2005, Hardide plc (AIM:HDD) listed on London Stock Exchange's Alternative Investment Market (AIM) and was this year listed number eight in Shares magazine's top 100 greatest growth stocks.

Mr Jim Murray-Smith, Chief Executive Officer of Hardide plc said: 'Hardide coatings not only outperform other materials in terms of wear and chemical resistance, but the precise way in which they are applied makes them ideal for aerospace applications such as actuators, Landing gear components and pumps. The Hardide process is also cleaner with less environmental impact than other coating technologies.

'Farnborough International Airshow offers a terrific platform for us to showcase our technology to the global aerospace market. Our BAE Systems approval earlier this year was a fantastic breakthrough into the sector and we will be building on that with our debut presence at the show.'
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