Hardide Share News (HDD)

Hardide Coatings, a surface engineering technology company, has reported a rise in its turnover in the oil and gas sector by 40 per cent in the past 12 months. In order to further develop sales in the sector, the company has appointed Martin Wainwright as the dedicated Business Development Manager, whose role will be to increase sales of Hardide's patented, nano-structured, tungsten carbide component coatings to new and existing oil and gas customers worldwide.Wainwright is experienced in the highly-technical process of selling of industrial surface coatings for use in extremely challenging environments. Most recently Martin was with CTW (Hardfacing) / Celcoat, where he built a successful track record in identifying and selling into new markets worldwide. Previously, he held sales and technical positions with Mayflower Engineering, Star Precision and Devol Engineering.The company also said that it has recently added one of the largest global providers of oilfield services and products to its customer list and is developing several new applications for five blue chip oilfield services companies. New orders have been secured from two downhole drilling tool manufacturers and an oil and gas valve manufacturer. In addition, tests are underway with several smaller drilling-related companies.Philip Kirkham, Chief Executive Officer of Hardide Coatings said: "Hardide has enjoyed success with a mix of the leading international oilfield service companies and smaller, innovative downhole tool developers but the recruitment of Martin will take us to the next level in an industry where Hardide can offer operators and service companies significant cost savings through reduced downtime and extended tool and valve life."The share price rose 3.64% to 0.85p by 13:11.NR