Hardide Coatings Signs Supply Agreement with GE
BICESTER, UK – Hardide Coatings, a UK-based provider of advanced tungsten carbide-based coatings, has signed a supply agreement with the General Electric Co. Inc. (GE).
The agreement is for the supply of coating to a single component currently used by GE. It will result in guaranteed turnover volume to the company of approximately $1.3 million over the two years to February 2016. The agreement is extendable up to five years. Development and testing work is also being done on additional components which, if successful, will be included to the agreement, resulting in further minimum annual volumes.
Philip Kirkham, CEO of Hardide, noted, “This is an exciting development that firmly embeds the Hardide coating technology in one of the world’s most respected advanced engineering companies. An excellent working relationship has built up with GE over the last 18 months, and we continue to work closely together on other projects including opportunities for the Hardide technology in various other divisions of GE, which the company hopes to capitalize on.”