Hardide plc (LON:HDD), the provider of advanced surface coating technology, has announced that its North American Energy Sector customer has placed its first production orders for a newly developed second-generation design of components.
These new orders will be completed alongside the previously announced first-generation design orders. As FY27 progresses, the second-generation components are expected to become the majority of parts processed for this customer, with further orders expected in due course. This initial order is valued at approximately $1.9m and is scheduled for delivery in the first two months of our new financial year commencing on 1 October 2026 (FY27).
These components will continue to be supplied from the Group’s UK and US facilities, with production split equally between the two sites.
Matt Hamblin, CEO, commented:
“We are delighted with this initial order and the continued confidence our customer has in our technology and capability to supply high volume products to the energy sector. We are pleased to be chosen as the primary coating solution on this component within the second-generation of tool design and look forward to supporting the programme for many years to come. This order is in line with Board’s expectations for FY27, with further orders anticipated, which provides confidence for significant future growth.”
