TIDMHAYD
RNS Number : 3299Z
Haydale Graphene Industries PLC
26 May 2016
Haydale Graphene Industries plc
("Haydale" or the "Group")
Haydale Plc and Flowtite Technology AS to create next generation
GRP pipe products
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 new joint
development agreement ("JDA") to develop class-leading pipeline
solutions utilising advanced materials technology including Haydale
functionalised graphene based thermosetting resin
masterbatches.
Flowtite Technology AS is the wholly owned GRP Pipe technology
and R&D Centre of The Saudi Arabian Amiantit Company
("Amiantit") the world's largest glass fibre reinforced plastic
("GRP") pipe company which has to date delivered over 6 million
metres of pipe across five continents. The company has annual
revenues in excess of USD$700 million, and is a leading global
supplier of water transport, sewer, irrigation and gas systems.
A joint research programme is now underway between Haydale and
Flowtite Technology, Amiantit's R&D headquarters based in
Norway.
Under the terms of the two year agreement Haydale will, assuming
a successful outcome from the initial trial, grant Amiantit
exclusive worldwide rights to develop its unique technology in next
generation GRP pipe systems for water and sewerage
applications.
Ray Gibbs, CEO of Haydale said:
"We are delighted to be working with Amiantit, the global leader
and leading innovator in its sector. This is a very significant
market internationally and we couldn't hope for a better partner to
validate our technology and create superior pipes for the water and
sewerage industry."
Nick Crofts, Managing Director of Amiantit Europe added:
"Amiantit is always seeking to increase customer value through
superior design, technology and quality. We focus on enhancing the
hydraulic, mechanical, thermal and electrical properties of our
pipelines. Haydale brings proprietary materials technology
including functionalised graphene and carbon nanotubes. These
materials have already demonstrated significant performance
benefits within composite materials."
- 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 (Corporate Finance)
Will Goode (Corporate Finance)
David Banks (Sales)
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 patented 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 a patented 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 Amiantit
The Saudi Arabian Amiantit Company (Amiantit) was established
in1968 in Dammam in the Kingdom of Saudi Arabia to manufacture
pipes for the local market. Since then, Amiantit has grown and
developed into a major diversified industrial group with operations
spanning the globe. The Groups core business activities
comprise:
-- Manufacture and sale of pipe systems;
-- Ownership and sale of pipe technologies;
-- The provision of water management consultancy & engineering services; and
-- Manufacture and supply of polymer products.
Today, Amiantit markets a wider range of pipe products than any
other pipe manufacturer, and provides a total solution to customers
fluid transfer needs, designed to optimise the applied technology
and costs. The Group serves municipal, civil engineering,
industrial, energy, and agricultural markets worldwide, supporting
global infrastructure development.
The Group comprises 30 pipe system manufacturing plants, 6
technology companies, 4 materials suppliers, and 8 supply and
engineering subsidiaries, in a number of countries around the
globe. In addition, an extensive sales and service network caters
for the needs of customers in more than 70 countries around the
world.
Amiantit is headquartered in the Kingdom of Saudi Arabia, where
its shares are listed on the Saudi Stock Exchange.
www.amiantit.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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