Haydale Graphene Industries PLC Strong Commercial Progress
June 19 2018 - 2:01AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
19 June 2018
For immediate release 19 June 2018
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Strong commercial progress in graphene-enhanced composites
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that strong commercial progress has been made
with a global composite materials group (the "Customer") to enhance
mechanical properties for selected products in their range of
materials, through a commercially funded contract.
Over the last 12 months, Haydale has completed a series of
pre-production trials for the Customer, who for commercial reasons
cannot be named, to enhance these selected products' mechanical
performance through the incorporation of graphene in a range of
world-wide industrial applications. Haydale understands that the
market sector for the Customers' products is significant within the
global US$100bn composite market. To date, Haydale has been paid
approximately US$150,000 by the Customer for these trials, which is
included in the Group's current year revenue expectations.
Trial quantity masterbatches were produced using Haydale's
extensive knowledge of the most suitable commercially available
graphene in consistent, repeatable quality. The graphene was
sourced from an overseas supplier and, using Haydale's considerable
in-house dispersion and mixing expertise, the required trial
quantity masterbatch was produced. Crucially the trial quantities
were specifically designed to be incorporated seamlessly into the
Customer's production process.
Ray Gibbs, Chief Executive Officer of Haydale, commented: "This
contract, fully funded by the Customer, is a perfect example of the
work Haydale is doing across a range of composite product
applications. We have experienced relatively long lead times with
some of our past projects, but this one has been fast-tracked in
response to the Customer's desire to launch as soon as
possible."
Keith Broadbent, Managing Director of Haydale's Resins, Polymers
and Composites strategic business unit, said: "In a relatively
short timeframe, Haydale has made excellent progress in delivering
on the Customer's needs. It has been pleasing to see Haydale's
composite engineers in Loughborough working well with the graphene
functionalisation and dispersion team in Ammanford to combine their
expertise and turn this major opportunity into a potential
industrial product incorporating graphene."
- Ends -
For further information:
Haydale Graphene Industries plc
Ray Gibbs, Chief Executive Officer Tel: +44 (0) 1269 842 946
Matt Wood, Finance Director www.haydale.com
Gemma Smith Head of Marketing
Arden Partners plc (Nominated Adviser
& Broker)
Ruari McGirr / Paul Shackleton / Tel: +44 (0) 20 7614 5900
Ben Cryer
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7466
/ 5000
Gemma Mostyn-Owen
haydale@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA, Australia, Japan and China and operates from six sites
in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
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END
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