Haydale Graphene Industries PLC Collaboration with Versarien plc
13 Juli 2015 - 8:00AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
13 July 2015
Haydale Graphene Industries plc
("Haydale" or the "Company")
Haydale enters into Memorandum of Understanding to Collaborate
on Graphene Projects with Versarien plc ("Versarien")
Haydale Graphene Industries plc (AIM:HAYD) and Versarien plc
(AIM:VRS) are pleased to announce they have signed a memorandum of
understanding to collaborate on and accelerate the development of
their respective graphene projects (the "Collaboration").
The Collaboration commences with immediate effect and provides
the framework pursuant to which, Haydale and Versarien will work
together to create solutions for the manufacturing and
functionalisation of graphene on a large scale suitable for mass
produced commercial applications. Both management teams expect to
share resources to maximise the exposure and utilisation of the
expertise of both organisations, which operate in different areas.
In particular, Versarien through its subsidiary 2-D Tech will
supply high quality graphene platelets for functionalisation using
Haydale's proprietary technology. Haydale will also supply high
quality sustainable graphite for use as feedstock by 2-D Tech and
evaluate the resulting material.
Ray Gibbs, Haydale Chief Executive said:
"It is important we have a credible graphene presence to take to
a global market that is still evaluating the materials available
before embarking on procurement of commercial volumes. The 2-D Tech
material has strong potential for a number of markets where we are
focused, especially in the composites and coatings sectors. I have
always said we need an array of high quality sustainable material,
capable of scale to use in providing solutions for the customer
requests we now regularly receive. The recent UK Trade Pavilion at
Nano Korea attended by both Haydale and 2-D Tech, demonstrated the
interest in the area for functionalised graphene. We have over 30
customers who have paid for graphene samples and none more so than
in Korea where after a year of activity we now have 12 key accounts
in various stages along the sales cycle. We look forward to working
closely with the Versarien team in collaborative ventures at both a
commercial and R&D level."
Neill Ricketts, CEO of Versarien, said:
"We believe this to be a significant step forward. We will be
working together with Haydale to best achieve the great global
opportunity we have in front of both of us in the form of graphene.
We will be collaborating in order to ensure that we minimise the
time it takes us to commercialise this technology, playing to the
strengths of both organisations. By working together we will be
able to offer a complete supply chain from raw material, through
graphene production to functionalisation depending on the customer
application. The Collaboration follows our recent announcement
about our breakthrough in scalable graphene production, experience
of working with Haydale and exhibiting together at Nano Korea."
- Ends -
For further information:
Haydale Graphene Industries +44 (0) 1269 842
plc 946
John Knowles, Chairman
Ray Gibbs, Chief Executive
Officer
Cairn Financial Advisers LLP
(Nomad) +44 (0) 20 7148 7900
Tony Rawlinson, Emma Earl
Cantor Fitzgerald Europe (Broker) +44 (0) 20 7894 7000
David Foreman, Will Goode (Corporate
Finance)
David Banks, Tessa Sillars
(Corporate Broking)
Hermes Financial PR
+44 (0) 7889 153
628
Trevor Phillips +44 (0) 7979 604
Chris Steele 687
Notes to editors
About Haydale (www.haydale.com)
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 organic mined fine powder and other
synthetically produced nanomaterial powders producing high quality
few layered graphenes and graphene nano platelets. The process can
functionalise with a range of chemical groups, where the amount of
chemicals can be tailored to the customer needs. Good dispersion
improves the properties and performance of the host material and
ensures it delivers as specified.
The Haydale plasma process does not use wet chemistry, neither
does it damage the material being processed, rather it can clean up
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 where working with a raw
material producer can add value to the base product and tailor the
outputs to meet the target applications of the end user.
Haydale, based in South Wales, housed in a purpose built
facility for processing and handling nanomaterials with a
laboratory facility, is facilitating the application of graphenes
and other nanomaterials in fields such as inks, sensors, energy
storage, photovoltaics, composites, paints and coatings.
About Versarien
Versarien(TM) plc (AIM:VRS) is an advanced engineering materials
group. Leveraging proprietary technology, the group creates
innovative engineering solutions for its clients in a diverse range
of industries. Versarien has three subsidiaries:
Versarien Technologies Ltd. which owns the exclusive rights to a
patent-protected additive process for creating advanced
micro-porous metals targeting the thermal management industry and
manufactures extruded aluminium heat sinks for the electronics and
computing industries. www.versarien-technologies.co.uk
Total Carbide Ltd, a leading manufacturer in sintered tungsten
carbide for applications in arduous environments such as the oil
and gas industry. www.totalcarbide.com
2-DTech Ltd., which specialises in the supply, characterisation
and early stage development of graphene
products. www.2-dtech.com
This information is provided by RNS
The company news service from the London Stock Exchange
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