TIDMHAYD
Haydale Graphene Industries PLC
25 February 2015
Haydale Graphene Industries plc
("Haydale" or the "Company")
Heads of Terms for R&D Collaboration with Alex Thomson
Racing
Haydale Graphene Industries plc (AIM:HAYD), the Company focused
on enabling technology for the commercialisation of graphene, whose
functionalisation process has been verified by the National
Physical Laboratory, is pleased to announce they have signed Heads
of Terms ("HoT") for a collaboration agreement with Alex Thomson
Racing ("ATR"), the HUGO BOSS sponsored extreme sailing team. The
parties are now working to finalise legally binding agreements.
Highlights
-- Haydale subsidiary, EPL Composite Solutions Limited ("EPL")
to conduct review of ATR manufacturing process to ascertain weight
saving opportunities
-- Evaluate introduction of Haydale functionalised GNPs into
both carbon fibre reinforced plastic ("CFRP") polyester and epoxy
resins to enhance strength and reduce weight
-- Seeking longer term grant funding to establish specialist
teams incorporating the ATR suppliers to apply the combined
knowledge of all parties to improve the overall boat
performance
-- Haydale have agreement with the Welsh Centre for Printing and
Coating ("WCPC") to join the collaboration
Under the terms of the agreement, EPL, will work with ATR to
incorporate Haydale enhanced graphene materials in their R&D
programme with the desire that this material is incorporated in
future boat builds and sail concepts.
The initial work will include an immediate review to ascertain
weight saving opportunities. In particular, the parties are keen to
make use of the work done by Haydale in adding their functionalised
Graphene Nano Platelets ("GNPs") into both CFRP, polyester and
epoxy resins. Importantly, recent work carried out with Cardiff
University shows ground breaking improvements of 40% in plane shear
strength of CFRP whilst the US based research institute Aerospace
Corporation endorsed the use of Haydale's GNPs in achieving more
than a 100% increase in structural strength and stiffness for epoxy
resin systems.
In addition, the team will review bearings and friction points
plus critical areas such as delamination of materials and thermal
heat management.
The parties will also seek grant project funding for longer term
assignments, as well as setting up specialist teams incorporating
the ATR suppliers to apply the combined knowledge of all parties to
improve the overall boat performance. The Welsh Centre for Printing
and Coating ("WCPC") has also agreed to collaborate with Haydale
and ATR with a remit to advise on the inclusion of Haydale
Graphenes into barrier films and coatings and to investigate how
specific graphene enhanced coatings can improve boat
performance.
Ray Gibbs, CEO at Haydale, commented:
"We are extremely pleased to have reached this agreement with
ATR. The technology used in their boats is state of the art; they
pay attention to all aspects of performance. However, using our
technology and the skills we can call on in EPL, coupled with WCPC,
will allow us to review all aspects of the boat, including using a
graphene based coating for improved boat finish and utilising the
barrier properties of graphene to reduce osmosis. We are really
excited to be working with ATR.
Fundamentally this agreement demonstrates the belief that
Haydale materials advice and technology can make a difference in
the high tech world of competitive offshore boat racing. We hope
that this will then allow Haydale to move into further commercial
applications in high performance sports."
Stewart Hosford, Managing Director of Alex Thomson Racing
added:
"It is exciting to be using such industry leading technology in
our R&D programme. It is important that we deliver a vessel
that has the strength to race around the world, but keeps the
weight of HUGO BOSS to a minimum. It is similar to Formula One in
that you need to keep the vessel light to ensure optimum speed
without a compromise on strength, providing the results for the
title sponsor whilst racing. I am looking forward to seeing the
results and using this technology in future design concepts."
- ends -
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
Carolyn Sansom
Cantor Fitzgerald Europe
(Broker) 020 7894 7000
David Foreman
David Banks
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 Alex Thomson
Alex Thomson is the youngest yachtsman to ever win a
round-the-world race. When he triumphed in the Clipper Round the
World Race in 1998/99, he set a record he still holds today. In
2003 Thomson made a spectacular debut in the world of solo sailing
by breaking the distance world record.
In 2008 he claimed second position in the Barcelona World Race,
setting his second distance world record in a monohull. Following
this, he focused completely on the world's toughest single-handed
yachting race: the Vendée Globe in which the competitors sail
26,000 nautical miles (46,300 km) nonstop around the world. In 2013
he finished this classic in third place.
www.alexthomsonracing.com
About Fivedeg West Ltd
Fivedeg West Limited is a sports consultancy specialising in the
sailing and marine industry. The team's experience in professional
sailing allows development and delivery of a fully integrated
solution for brands, rights holders and sports governing bodies.
Fivedeg Wests services include Sponsorship Consultancy, Commercial
Rights Management, Marine Infrastructure Projects, Technical
Campaign Management, Talent Representation and Host City Bid
Management.
Fivedeg West's exceptional experience and connections within the
sports industry and the world of business, enables the team to
deliver high value return on objectives and investment. As a
company they maximise the commercial potential of professional
sailing and marine projects on a world stage, as well as shaping
the careers of sports personalities and talent.
www.fivewest.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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