Hardide Plc (LON:HDD) CEO Phil Kirkham talks to DirectorsTalk about its positive interim results for the year ended 30 September 2017. Phil talks us through the highlights, explains how an oversubscribed fundraising of £2.54m will be utilised, how having gained full Airbus Approved Supplier status and Achieved Nadcap accreditation will add to Hardide’s operation, the main focus areas for the company over the next few months and shares his thoughts on how trading is going and the outlook for the next financial year.
Hardide Plc develops, manufactures and applies advanced technology tungsten-carbide 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 oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.