Haydale Graphene Industries PLC Contract Extension
28 September 2016 - 8:01AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
28 September 2016
28 September 2016
Haydale Graphene Industries plc
("Haydale" or the "Group")
Contract extension with National Grid
Haydale Graphene Industries plc (AIM: HAYD), the Group focused
on enabling technology for the commercialisation of graphene and
other nanomaterials, is pleased to announce that Haydale Composite
Solutions ("HCS"), a wholly owned subsidiary of Haydale, have been
awarded a GBP310,000 contract extension by National Grid.
HCS were previously contracted by National Grid to design and
develop a lightweight Composite Gas Transition Piece ("GTP") used
to provide a support and seal around steel gas transmission
pipelines passing through supporting concrete walls. With the
current system it is currently difficult to inspect their
condition. The HCS solution was to develop with National Grid a
concept to excavate an annulus in the concrete wall supporting the
steel gas pipeline and insert two glass reinforced composite GTP
mouldings at either end of the wall to provide support and an
environmental seal around the steel gas pipeline. The composite GTP
seals can then be readily removed, without the need for heavy
lifting equipment, extensive excavation work and hydro demolition
to cut through the concrete walls. The novel GTP mouldings enable
engineers to carry out rapid inspections of the pipeline with
considerable savings in their time and costs.
HCS have completed a series of R&D contracts with National
Grid to develop the solution for 900 mm diameter pipelines which
have been installed in 2 sites in the UK as proof of concept. The
GTP design concept also won the second place innovation award at
the National Grid Chairman's Awards in Boston, MA, USA. HCS has
also filed a patent in the UK and has now gone to The Patent
Cooperation Treaty to seek patent protection internationally. The
GTP design concept has been registered in the UK, Europe and North
America.
National Grid has subsequently awarded HCS a contract worth
GBP310,000, part of which was recognised in the year ended 30 June
2016 with the majority being recognised over the next 12 to 15
months to design and develop 14 different GTP solutions for 7
different pipeline diameters from 300-1050mm and for two end
conditions. This will enable the GTP solution to be rolled out
across the entire gas transmission mains network in the UK.
National Grid has identified the need for a total of approximately
300 units in the UK.
National Grid's Project Manager, Paul Ogden added;
"During the next 6 years, up to 60 of these units are likely to
be installed in the National Transmission System" said Paul "and
that will significantly improve safety as well as creating savings
of up to GBP5m in the next five to ten years, with further savings
beyond that."
Gerry Boyce, Managing Director of HCS commented:
"This is a demonstration of the traditional HCS composite
business and we are delighted to win this follow on contract. We
look forward to entering into discussions with National Grid on the
scaling up and initial production of GTP units for installation in
the grid and to working with the National Grid on the licencing of
the technology in the UK, Europe and North America."
- 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 Haydale Composite Solutions (HCS)
Haydale Composite Solutions Ltd ("HCS") is based in Loughborough
UK and is a wholly owned subsidiary of Haydale Graphene Industries
plc ("HGI"). HCS (previously known as EPL Composite Solutions Ltd
was acquired by HGI in November 2014) 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 are tasked with developing
new markets and applications for graphene enhanced nanocomposite
materials across a broad range of industries.
This information is provided by RNS
The company news service from the London Stock Exchange
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