18th Dec 2015 08:57
LONDON (Alliance News) - Surface coating technology company Hardide PLC Friday said it has won an order worth more than GBP300,000 to supply coated components for a new X-ray baggage screening machine for airports.
The company said this new business supports its forecasts, and its revenue project remains unchanged for its full year to end-September 2016.
"Our success in securing this order is a major advance in our strategy of diversifying the customer base into new sectors and reduces our dependency on the oil & gas market. We are coating a crucial component in a revolutionary new type of three-dimensional, high speed airport baggage screening machine. This order is both a technical and commercial success for Hardide and illustrates the opportunities that we believe exist for its coating technology in many advanced engineering sectors beyond oil and gas," said Chief Executive Officer Philip Kirkham in a statement.
Shares in Hardide were up 23% at 1.45 following the news.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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