REG-Hardide PLC Pre-Close Trading Update

Released: 02/10/2008

com:20081002:RnsB8884E
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RNS Number : 8884E  
  
Hardide PLC  
  
02 October 2008  
  
 
  Press Release   2 October 2008  
  
  
Hardide plc  
  
("Hardide" or "the Group")  
  
Pre-Close Trading Update  
  
Hardide plc (AIM:HDD), the provider of unique metal surface engineering 
technology, is pleased to provide the following pre-close trading update as it 
enters its close period for the year ending 30 September 2008.  
  
Overall trading in the period ending 30 September 2008 has been in line with 
market expectations and the Group remains positive on the outlook for the 
future. Orders are returning to previous levels following the unexpected 
reduction in demand from a major UK customer. The Group is at an advanced stage 
of testing with two of its global customers for potentially high volume orders 
to utilise Hardide's technology across further product lines.  The coatings 
approval test programme with Airbus continues to progress.  
  
Commenting on the announcement, Dr Graham Hine, Chief Executive of Hardide plc, 
said: "I am pleased to announce that the implementation of the new strategy is 
progressing to plan.  We have successfully focused on increasing cash generation 
in the UK, cutting discretionary and capital expenditure, and aggressively 
pursuing a disciplined approach to sales and new applications development.  The 
UK operation is on track to sustained profitability and we remain optimistic 
about future prospects for Hardide in the US."  
  
  For further information:  
  
 
  Hardide plc                                                          
  Dr Graham Hine, Chief Executive            Tel: +44 (0) 1869 353830  
  Jackie Robinson, Head of Communications                              
                                             www.hardide.com           
  
  
 
  Seymour Pierce Limited                              
  Nicola Marrin            Tel: +44 (0) 20 7107 8000  
                           www.seymourpierce.com      
  
  
Media enquiries:  
  
 
  Abchurch                                                      
  Chris Lane / George Parker         Tel: +44 (0) 20 7398 7719  
  george.parker@abchurch-group.com   www.abchurch-group.com     
  
  
Hardide Coatings  
  
Hardide provides and applies tungsten carbide-based coatings to a wide range of 
engineering components. The Company's patented technology is unique in that it 
combines both abrasion and corrosion resistant properties in one coating. When 
applied to components, the technology is proven to offer dramatic cost savings 
through reduced downtime and extended component life.  Customers include leading 
companies operating in oil and gas exploration and production, valve and pumps 
manufacturing, general engineering and aerospace.   
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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