Haydale Graphene Industries plc
("Haydale" or the "Company")
Marketing Agreement with planarTECH LLC for Asia-Pacific region
Haydale Graphene Industries plc (AIM:HAYD), the Company focused on enabling
technology for the commercialisation of graphene, is pleased to announce it has
entered into a marketing agreement with planarTECH LLC. ("planarTECH")
("Agreement"), to accelerate the commercialisation of graphene across the
Asia-Pacific region ("APAC").
The Agreement is a rolling annual contract and will focus on the marketing and
distribution of Haydale HDPlas® functionalised graphene nanoplatelets, inks,
few layered graphenes, multi-walled and single/double walled carbon nanotubes.
With over 15 years of experience in the synthesis of CNTs and graphene,
planarTECH has continually developed graphene process know-how and connections
to leading research institutions in Korea, the US and Europe. They will market
and promote Haydale's functionalised nanomaterial products to potential R&D
customers and commercial partners specifically in China, Japan, Korea and
Taiwan.
A warrant agreement has been entered into between the Company and planarTECH
which grants planarTECH up to 20,000 warrants to subscribe for ordinary shares
of £ 0.02p each in the Company ("Ordinary Shares") at an exercise price of £
1.60 subject to the satisfaction of certain vesting conditions relating to the
revenues generated by planarTECH for the Company in the period to 30 June 2015.
These warrants have an exercise period beginning 1 July 2015 and ending 30 June
2018.
Following this agreement Haydale now has 1,041,215 options and warrants
outstanding over Ordinary Shares representing 9.26% per cent. of the Company's
total issued share capital.
Ray Gibbs, CEO at Haydale, commented:
"The ability to fully commercialise graphenes has been a stumbling block for
the industry, particularly in the APAC region where the majority of patents for
graphene-based applications originate. planarTECH's industry knowledge and
connections are substantial with a track record of success in the region. This
agreement should enable Haydale to significantly increase its presence in a
major rapidly growing market. We expect this agreement to allow a greater
number of potential R&D customers to test and analyse our plasma functionalised
materials for integration into their specific products and applications. We are
excited to be working with the hugely knowledgeable team at planarTECH - a team
with in-depth experience of the graphene and 2D materials market landscape, as
well as market entry advice and access to top-tier OEM partners across Asia."
Patrick Frantz, President and CEO of planarTECH, commented:
"We're very pleased to be working with Haydale to bring its unique plasma
functionalisation technology to customers in Asia, and we've already seen
strong interest in functionalisation services from CNT and graphene
manufacturers. We believe that Haydale's process will be a key factor in the
success of the entire graphene industry."
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For further information please contact:
Haydale Graphene Industries plc 01269 842 946
John Knowles, Chairman
Ray Gibbs, Chief Executive Officer
Cairn Financial Advisers LLP (Nomad) 0207 148 7900
Tony Rawlinson
Paul Trendell
Cantor Fitzgerald Europe (Broker) 020 7894 7000
David Foreman
Paul Jewell
Hermes Financial PR
Trevor Phillips 07889 153 628
Chris Steele 07979 604 687
About Haydale
Haydale has developed a patent-pending proprietary scalable plasma process to
functionalise graphene and other nanomaterials. This enabling technology can
provide Haydale with a rapid and highly cost-efficient method of supplying
tailored solutions to enhance applications for both raw material suppliers and
product manufacturers.
Functionalisation is carried out through a low-pressure plasma process that
treats both mined, organic fine powder and other synthetically produced
nanomaterial powders, producing high-quality few layered graphenes and graphene
nanoplatelets. The process can functionalise with a range of chemical groups,
with the level of functionalisation tailored to the customer's needs. Good
dispersion improves the properties and performance of the host material and
ensures the final product performs as specified.
The Haydale plasma process does not use wet chemistry, nor does it damage the
material being processed; rather, it can clean up any impurities inherent in
the raw material. The technology is a low energy user and most importantly
environmentally friendly. The Haydale method is an enabling technology,
allowing the Company to work with a raw material producer who seeks to add
value to the base product and tailor the outputs to meet the target
applications of the end user.
Haydale, based in South Wales and housed in a purpose-built facility for
processing and handling nanomaterials, is facilitating the application of
graphenes and other nanomaterials in fields such as inks, sensors, energy
storage, photovoltaics, composites, paints and coatings.
www.haydale.com
About planarTECH LLC
Headquartered in The Woodlands, Texas and with regional offices in Korea,
planarTECH aims to enable graphene, carbon nanotubes (CNTs), and 2D material
applications development by providing researchers worldwide with high-quality
scientific & R&D equipment for materials synthesis and characterization. With a
global network of researchers at leading institutions in Asia, the US and
Europe, planarTECH has assembled the process know-how to assist its customers
in starting material applications and process development as quickly as
possible. Its customer base includes leading corporate and academic R&D labs
around the world.
planarTECH's staff also have extensive experience in the graphene industry
specifically and the electronics supply chain within Asia in general. Drawing
on this experience, planarTECH offers customers consulting services to provide
in-depth knowledge of the graphene and 2D materials market landscape, as well
as market entry advice and access to top-tier OEM partners in Asia (Japan,
Korea, Taiwan and China).
http://www.planartech.com