HAYD Haydale Graphene Industries Plc

 
TIDMHAYD 
 
Haydale Graphene Industries plc 
 
                         ("Haydale" or the "Company") 
 
       Agreement with Swansea University and Swansea Innovations Limited 
 
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 it has entered into a 5 year exclusive pipeline agreement with Swansea 
University and Swansea Innovations Limited (together "Swansea") (the 
"Agreement"). Under the terms of the Agreement, Swansea will carry out a series 
of internally funded research projects to produce prototype applications using 
a range of Haydale materials. These materials can be the functionalised Haydale 
Graphene Nano Platelets ("GNPs"), and the Haydale conductive and insulating 
inks formulated by its collaboration partner the Welsh Centre for Printing and 
Coating ("WCPC"). 
 
Highlights 
 
  * 5 year exclusive pipeline agreement with Swansea. 
 
  * Haydale has rights over any intellectual property ("IP") arising out of or 
    generated in the course of the performance of projects in exchange for an 
    issue of share warrants in Haydale. 
 
  * The projects will conduct research into the use of Haydale GNPs or other 
    nano materials supplied by Haydale, for the development and manufacture of 
    finished products, ink formulations and other dispersion, for use in 
    printing and coating applications. 
 
  * Swansea will be entitled to a royalty income of 2% from any direct sales 
    made by Haydale of the product. If the product is licensed Haydale will 
    keep 90% of the monies and Swansea 10%. 
 
  * First product is a prototype pressure sensor for which the patent 
    application has been filed and assigned to Haydale. 
 
The first such product is an intelligent Piezoresistive Device, more commonly 
known as a pressure sensor. The patent application for this novel sensor has 
been filed and assigned to Haydale. Using a specially adapted version of the 
Haydale conductive ink, WCPC staff have developed a novel thin film flexible 
pressure sensor. The range of applications for this invention are believed by 
the directors of Haydale to be significant especially as it can be shaped and 
is thinner than a normal credit card. The novel multiple sensor points can be 
large area thereby adding substantial additional functionality for a diverse 
range of market opportunities from security flooring, leak detection in 
industrial gas and water pipes, to assessment of gait in injured sports people. 
 
Pursuant to the Agreement, all new discoveries with IP rights arising out of or 
generated in the course of the performance of projects will be offered to 
Haydale in exchange for an issue of warrants in Haydale. Accordingly, in 
respect of the Piezoresistive Device, Haydale will grant 30,000 initial 
warrants on 25 February 2015 to Swansea Innovations Limited and the inventors 
of said IP, split 35:65 respectively. Future warrants will be determined on a 
case by case basis depending on assessed economic values at that time. The 
objective of Haydale will then be to commercialise the product. The exercise 
price of the initial warrants will be the closing Haydale share price on 25 
February 2015 plus GBP1, whilst any subsequent warrants granted will be 
exercisable at the prevailing closing Haydale share price, plus GBP1. The 
warrants have a life of 5 years and can be exercised from the fourth 
anniversary of grant. 
 
In addition, Swansea will be entitled to a royalty of 2% from any direct sales 
made by Haydale of the product. If the product is licensed, such income will be 
split 90:10 between Haydale and Swansea respectively. 
 
The projects will conduct research into the use of Haydale HDPlas® GNPs and 
other carbon materials supplied by Haydale, for the development and manufacture 
of finished products ink formulations and other dispersion, for use in printing 
and coating applications. 
 
Ray Gibbs, CEO at Haydale, commented: 
 
"Whilst we have a collaboration agreement with the WCPC and any IP derived from 
that belongs to Haydale, there are many other opportunities that derive from 
ideas and experiments by Swansea University staff. These are generally funded 
internally by Swansea initially and we now have agreement to consider those 
that arise from use of specific materials. We are extremely pleased to have 
reached this long term exclusive agreement. Adding this to our existing 
collaboration with the WCPC ensures that we are at the forefront of research 
and production of graphene enhanced inks with a multitude of applications for 
the printing and coating markets. This, coupled with the options for Haydale to 
acquire all new IP rights places us in a strong position in the marketplace." 
 
Dr Gerry Ronan, Head of IP Commercialisation for Swansea University stated: 
 
"We are delighted to enter into this pipeline agreement with Haydale. It is a 
particularly innovative deal structure where the University and the staff 
inventors receive both a royalty on sales but also equity in Haydale. This 
aligns everyone's interests and ensures a best outcome for all." 
 
Prof Tim Claypole of the Welsh Centre for Printing and Coating said: 
 
"Haydale came to Swansea University as it recognised our position as a world 
leader in research in printing science. Our `challenge led' approach to world 
class research delivered this solution and has led to what we all hope to be a 
long term strategic relationship. It is exciting to see this now being used to 
drive the Welsh economy and raise our position as a region of excellence for 
printable electronics and the practical application of graphene in commercial 
products." 
 
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 
 
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 The Welsh Centre for Printing and Coating: 
 
The WCPC, founded in 1995, is a world leader in research and development of 
printing and coating processes, with extensive expertise in screen, 
flexographic, lithographic, rotogravure, digital and pad printing. The WCPC 
facility is based in Swansea Wales and operates out of Swansea University. The 
specialist laboratories are fully equipped for sample analysis and material 
characterisation. In addition there are printing services provided by a four 
station roll to roll flexographic press and a two station sheet fed 
lithographic press, enabling WCPC to produce and manufacture both packaging 
products and research prototypes on site. 
 
The multi-disciplinary staff is made up of PhD and post-doctoral candidates in 
industrial and academic fields, working alongside support staff. WCPC prides 
itself on its willingness to invest in new technology and its commitment to 
remaining at the forefront of the printing and coating industry. Working out of 
Swansea University it offers research projects which utilise the expertise of 
academic and industrial knowledge to develop industrial solutions and test 
prototypes for end user products. 
 
www.wcpcswansea.com 
 
 
 
END 
 

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