TIDMHAYD
RNS Number : 4450Z
Haydale Graphene Industries PLC
18 September 2015
Haydale Graphene Industries plc
("Haydale", the "Group" or the "Company")
Haydale wins major research grant awards totalling over
GBP450,000
And Notice of Audited Results
Haydale (AIM: HAYD), the group focused on the commercialisation
of graphene and other nano particle products using its proprietary
plasma process is pleased to announce that the Group has recently
been awarded a number of research grants, totalling over
GBP450,000. Receipt of grant monies in full is subject to, inter
alia, completion of final grant documentation and various project
milestones being achieved. The projects relating to each grant are
expected to have a variety of start dates (depending on timing of
the final grant documentation) and run for a period of between 18
to 24 months. These new projects include:
-- The development of low cost, self-cleaning graphene enhanced
coatings for industrial membranes used in the cleaning and
filtering of waste water, swimming pools, desalination and offshore
drilling fluids, amongst others as part of the project recently
announced by G20 Water. The project's target sectors of
nanofiltration from reverse osmosis (RO) and ultrafiltration
accounted for $1.7 billion of sales in 2014.
-- The development of resins and coatings, incorporating
HDPlas(R) functionalised microencapsulants, which emit UV
fluorescent dyes under impact. The use of such systems in safety
critical composite applications such as aircraft primary
structures, pressure vessels, yachts, boats, sign posts, pressure
pipes and car chassis structures would enable engineers to readily
and easily detect damage in the form of a "bruise".
-- The feasibility of developing type V liner-less thermoplastic
composite hydrogen pressure vessels for hydrogen powered fuel cell
vehicles. If it can be demonstrated that it is feasible to
manufacture liner-less functionalised graphene enhanced
thermoplastic composite pressure vessels with improved permeation
resistance, this could lead to lighter, cheaper and safer hydrogen
pressure vessels on vehicles. Research by UK H2 Mobility predicts
that 10,000 Hydrogen vehicles will be sold by 2020, with an
estimated annual market for storage vessels of GBP21 million.
Ray Gibbs, Haydale Chief executive said:
"The support of government is vital in accelerating the
commercialisation of graphene based composite products and through
our unique plasma treatment functionalisation process we will be at
the forefront of developing and commercialising a whole new range
of graphene enhanced composite materials. The awards also enable us
to engage directly with prime OEM's in the significant aerospace,
automotive, rail and marine markets as well as enabling us to
expand our technical team and capabilities in this area."
Gerry Boyce, Managing Director of Haydale Composite Solutions
added:
"The company have a well-defined product development strategy
and are committed to developing graphene enhanced polymer and
polymer composite products in targeted markets including Aerospace,
automotive, rail and marine and the successful awarding of these
research contracts under pin this strategy. The ability to
radically improve the mechanical, electrical and thermal
characteristics of polymers, resins, coatings and adhesives through
the incorporation of functionalised graphene is probably one of the
most step changing and exciting enabling technologies for a
generation and could lead to a whole new range of materials."
Notice of Results
The Company also announces that its audited results for the year
ended 30 June 2015 are expected to be released in October.
- 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
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 Haydale Composite Solutions (HCS)
Haydale Composite Solutions is a recognised composite R&D
and testing house, based in Loughborough. HCS customers include
significant corporations such as National Grid, SSE, Eirgrid,
Chevron, Anglian Water, Severn Trent Water, Yorkshire Water and
3M.
HCS has developed a reputation for delivering innovative
solutions in the commercial applications of advanced polymer
composite materials working with global companies over more than 20
years. HCS is focused on a range of market sectors including pipe
lining for the oil, gas and water industries, infrastructure for
electricity and energy sectors plus the marine and transportation
markets.
HCS competence spans the entire development cycle from applied
research, product design, process development, product testing and
certification, to setting up manufacturing plants. HCS also works
with OEMs and end-users to develop and provide composite solutions
with demonstrable clear technical, economic and environmental
benefits over existing structures currently manufactured in
traditional materials such as steel, aluminium, wood or
concrete.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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