Hardide PLC (LON:HDD) is one of the biggest movers on the AIM market this morning, trading up over 25 percent after announcing that their surface coating technology is being considered for use by Airbus.
The company said in a statement this morning that their product has met the requirements by Airbus and will now be considered as an alternative to hard chrome plating for Airbus components.
CEO Philip Kirkham called it a “significant achievement”, saying that “we are absolutely delighted that the coating is now available to the designers for their consideration as a potential alternative to hard chrome within some specific aircraft applications.”
“This success is a key enabler for the Company’s further growth in the European, North American and wider aerospace markets which have enormous potential for the Hardide coating technology.”
Hard-chrome plating has been used by the aerospace industry for years but may now be banned by 2017 due to EU Regulations. This opens up the sector to new methods, such as Hardide’s tungsten-carbon coating range.
Hardide is currently trading up 28.65 percent at 1.19 pence per share. (1216GMT) The company has a 52 week range of between 0.75 and 1.65.
17/12/2015
