TIDMHAYD
RNS Number : 5338Y
Haydale Graphene Industries PLC
18 May 2016
Haydale Graphene Industries plc
("Haydale" or the "Group")
Reactor Supply and Collaboration Agreement with Graphit
Kropfmuhl GmbH, part of AMG Advanced Metallurgical Group N.V.
Haydale Graphene Industries plc (AIM: HAYD), the Group focused
on enabling technology for the commercialisation of graphene and
other nano materials, is pleased to announce a collaboration
agreement ("the Agreement") between Haydale Limited and Graphit
Kropfmuhl GmbH ("GK"), part of AMG Advanced Metallurgical Group
N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") and an affiliate of Alterna
Capital Partners LLC ("Alterna") (together the "Parties").
The Agreement
The Agreement focuses on the development of new value added
nano-material products using Haydale's HDPlas(R) functionalisation
process and certain AMG graphitic feedstock material primarily from
its GK mine in Sri Lanka. Through its own source mines and
vertically integrated production facilities, GK produces high
purity natural graphite that is known for its conductivity,
lubrication, heat resistance, and bonding properties.
Haydale will initially supply an R&D reactor (HT60) and a
larger capacity reactor (HT200) to GK for use under the Agreement.
The specification of the HT60 is similar to that supplied to the
Centre for Process Innovation in September 2015 while the HT200 is
a scaled up version capable of treating 8 times that of the R&D
unit, which can amount to multiple tonnes of certain GK
material.
The initial contract value for the supply of the reactors is
payable to Haydale on the normal machine supply basis. Subject to
reaching the agreed milestones, the majority of the revenue is
scheduled to be received in the current financial year and is
expected to constitute a significant proportion of the Group's
revenues for the year ended 30 June 2016.
Once the reactors are installed and commissioned, the Parties
will collaborate on various projects aimed at developing
"Collaboration Products" for specific industrial customers in the
composites, inks/dispersions, energy harvesting and lubricants
sectors. In addition, the Parties have agreed to work together on
commercialising certain products that Haydale has developed.
Intellectual Property ("IP") in the Collaboration Products will be
owned by the party creating it, or jointly if created jointly, but
in any event the parties will cross license each other such
foreground IP to allow each of them to make and sell Collaboration
Products.
Under the Agreement Haydale will grant a non-exclusive licence
to GK to use its patented process and, on the sale of the
Collaboration Products will receive a royalty income based on the
net revenue received by GK, the rate and quantum of which is likely
to depend on the market size and product pricing.
The reactors are expected to be delivered to a specially built
GK facility in Hauzenberg, Germany by June 2016. Haydale will
undertake site commissioning and provide ongoing maintenance,
supply of spare parts and full technical assistance to support the
operation of the reactors.
Commenting, Ray Gibbs Haydale CEO said:
"We have been working with AMG for two years now and developed a
close business relationship culminating in this collaboration
agreement. For Haydale, this is a significant development because
it opens the way for a European Centre of Excellence that can
operate at scale with our plasma reactors in situ. It brings a
development partner with not only sales reach but crucially a
supply chain of exceptional quality and a vast array of high
quality carbon based materials for use across our joint target
markets. Provided that delivery of the reactors is on schedule, the
income from the sale and commissioning of the reactors will
underpin the Group's expected revenue in the current financial
year."
Mr. Frank Berger, President of AMG Graphite added:
"The collaboration with Haydale will contribute to AMG
Graphite's development of strategic graphene and functionalised
graphite products for high end applications. We look forward to
working with Haydale to develop processes and work towards
producing and selling Graphene products and master batches on an
industrial scale."
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
David Banks
Will Goode
Hermes Financial PR
+44 (0) 7889 153
628
Trevor Phillips +44 (0) 7979 604
Chris Steele 687
About Haydale
Haydale has developed a patented 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 process is an enabling technology, allowing the Group 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, composites, paints and
coatings.
www.haydale.com Twitter: @haydalegraphene
About AMG
AMG is a global critical materials company at the forefront of
CO(2) reduction trends. AMG produces highly engineered specialty
metals and mineral products and provides related vacuum furnace
systems and services to the transportation, infrastructure, energy,
and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and
powders, titanium alloys and coatings, ferrovanadium, natural
graphite, chromium metal, antimony, tantalum, niobium and silicon
metal. AMG Engineering designs and produces vacuum furnace
equipment and systems used to produce and upgrade specialty metals
and alloys for the transportation, automotive, infrastructure, and
energy markets.
AMG produces high purity natural graphite at AMG Graphite.
Natural graphite is known for its conductivity, lubrication, heat
resistance, and bonding properties. AMG Graphite produces the
highest quality graphite through its own source mines and
vertically integrated production facilities.
With approximately 3,000 employees, AMG operates globally with
production facilities in Germany, the United Kingdom, France, Czech
Republic, United States, China, Mexico, Brazil and Sri Lanka, and
has sales and customer service offices in Russia and Japan
www.amg-nv.com
About Alterna
Alterna is a private equity firm that invests in capital assets
and companies with significant involvement in the ownership,
operation or financing of capital assets. Alterna seeks to make
investments within the energy, industrial, power, transportation
and related sectors. Alterna was founded in 2008 and manages over
$1.25 billion across two funds and co-investments.
www.alternacapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
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