Hardide plc (LON: HDD), the provider of advanced surface coating technology, has announced that it has signed a 10-year supply agreement with a major customer in the Aerospace sector for the coating of cargo door components.
Hardide’s advanced tungsten-carbide coatings are proven to provide superior erosion and wear performance, improving the operating life of the components when compared with competing coatings, whilst also providing a REACH compliant solution.
Customer-funded equipment modifications due to be largely completed in the first half of the financial year, together with subsequent tooling and initial production volumes are together expected to benefit current financial year revenues by at least £0.5m.