TIDMHAYD
Haydale Graphene Industries PLC
01 October 2015
Haydale Graphene Industries plc
("Haydale" or the "Company")
Haydale Subsidiary Haydale Composite Solutions Limited enters
into a Joint Development and Commercialisation Agreement with Scott
Bader Company Ltd
Haydale (AIM: HAYD), the group focused on the commercialisation
of graphene and other nano particle products using their
proprietary plasma process is pleased to announce its composites
division Haydale Composite Solutions Ltd ("HCS") has entered into a
joint development and commercialisation agreement ("JDCA") with
Scott Bader Company Ltd ("Scott Bader") a leading global supplier
of liquid resins, gel coats and adhesives.
Under the agreement, HCS will functionalise Graphene Nano
Platelets ("GNPs") utilising its proprietary HDPlas(R) process and
add them to Scott Bader's Crestapol resin to create a highly loaded
masterbatch. This masterbatch will then be diluted down by Scott
Bader and HCS into a range of concentrations from 1% to 8% and cast
into resin plaques which will then be tested to quantify any
improvements in mechanical, physical, electrical and thermal
performance.
Preliminary work has already demonstrated that the
functionalised GNP's readily disperse in the Crestapol resin to
produce a masterbatch with loadings of GNPs up to 25% by weight. It
has also been demonstrated that the masterbatch can be readily
diluted down and cast into plaques for testing. Initial mechanical
test results conducted by HCS have indicated increases of up to
200% in both tensile stiffness and strength which represent a major
leap forward in resins technology. It is anticipated that there
will be similar significant uplifts in electrical conductivity,
thermal conductivity and physical properties which would open major
opportunities for Crestapol resins in a wide range of composite
applications such as thermally conductive tooling, EMI shield
enclosures, lighter weight wind turbines etc.
Under the JDCA it is anticipated that Scott Bader and HCS will
develop and validate the use of Graphene enhanced Crestapol resins
in targeted composite applications and that Scott Bader will then
supply graphene enhanced Crestapol resins to markets across the
world utilising graphene masterbatch supplied by HCS.
Jonathan Campbell, Assistant Product Manager for Crestapols and
Gelcoats Scott Bader Co Ltd.
"We at Scott Bader are excited to be part of this new joint
venture to develop and offer graphene-enhanced resins. From the
initial findings we have some promising results which we will look
to duplicate in our further studies. This development will
hopefully lead to an enhancement in physical properties of our
already high end resins for specialist applications."
Ray Gibbs, Haydale Chief Executive, said:
"We have identified the composites market as a strategic sector
for our functionalised graphene materials and this agreement
represents a major opportunity to work with another global partner
to develop a whole new range of formulated resins with enhanced
properties which can be sold into the composites' market across the
world. Following our agreement with Huntsman, Haydale now have
partners for both epoxy and polyester resins which provides Haydale
with access to a significant portion of the composites market."
Gerry Boyce Managing Director of HCS added:
"We are very excited about working with another leading resins
company and to developing markets and applications for these new
graphene enhanced Crestapol resins. We see Graphene enhanced
polymer resins and their use in composite materials as being a
revolution. The ability to fundamentally change the mechanical,
electrical, thermal and physical properties of the base resin,
which typically represents up to 50% of the composite material,
will be a major step forward and will give us the ability to
develop a whole new range of advanced composite materials and
products with enhanced performance and lower cost."
- Ends -
For further information, please contact:
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.
About Scott Bader
Scott Bader was established in 1921. Today it is a EUR237
million global chemical company, employing over 640 people
worldwide. It is a common trusteeship company, having no external
shareholders, with a strong commitment to supporting its customers,
workforce and the environment.
Scott Bader's headquarters is based in the UK where it has
purpose-built, state-of-the-art technical facilities that provide R
& D as well as complete evaluation, testing and application
support. It has manufacturing facilities in Europe, The Middle
East, India, South Africa, Canada and South America.
For further information regarding Scott Bader, please call +44
(0)1933 666638, visit www.scottbader.com, or e-mail:
enquiries@scottbader.com.
Joint Development and Commercialisation Agreement ("JDCA")
As explained in the text above, the agreement with Scott Bader
is a joint collaboration aimed at developing commercial products.
By its very nature this is a non-binding document setting out the
first steps in the joint development work as it is only after the
exploratory programme has identified target markets and products
that commercial binding contracts can be put in place.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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