Haydale Graphene Industries PLC Update on functionalised graphene ink sales
29 November 2018 - 8:01AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
29 November 2018
For immediate release 29 November 2018
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Update on Haydale's functionalised graphene ink sales to the
biomedical sensor market
Haydale (AIM: HAYD), the global advanced materials group, is
pleased to announce that through its Taiwanese operation, Haydale
Technologies Taiwan ("HTW"), it has started to supply commercial
quantities of its functionalised graphene ink to a major print
house in Taiwan. The graphene ink is used to print test strips in
the self-diagnostic biomedical sensor device market for diabetes
monitoring. Haydale believes its graphene ink is the first of its
kind being used in volume in this market.
Commercial order secured
Following over a year of market testing, evaluation and gaining
regulatory approvals, including extensive production quantity
in-line testing, HTW has now started to deliver its graphene screen
printed inks as part of a recent 100kg order secured from a leading
Taiwanese printer. Haydale's graphene ink is proving to be a high
quality, more stable, and consistent product, replacing the
established graphite and carbon inks used extensively in producing
the test strips for this significant global market. HTW continues
to supply evaluation and pre-production graphene inks to a number
of printers in this market sector.
In addition, as a second phase some customers are now trialling
an all-carbon sensor utilising HTW's graphene-enhanced ink that is
aimed at removing the need for the expensive silver conductive ink
tracks extensively used today. The outcome is a more
environmentally friendly (potentially recyclable) product. If
achieved, Haydale believes this breakthrough could have a
significant effect on the industry.
High quality inks
HTW is starting to gain significant market attention due to the
quality, stability, adhesive properties and consistency of its
graphene inks compared to the widely used graphite and other carbon
materials available today. A crucial metric used by the specialist
printers to measure the repeatability and accuracy of sensor
readings delivered by the inks they use is its coefficient of
variation or C/V ratio, where a low percentage indicates a high
consistent, repeatability factor. Reports received by HTW from
printers using its graphene inks have shown an exceptionally low
C/V ratio of approximately 0.5%, demonstrating an accuracy rating
of over 99%, which is believed to be well above the industry
norm.
David Banks, Interim Executive Chairman at Haydale, commented:
"Our Taiwan facility is only 15 months old and, from a standing
start, has now developed a range of functionalised graphene inks
that are gaining market acceptance where repeat sales have
pleasingly started to occur. Over the last four months, HTW has
supplied over 100Kg of inks to 12 print customers at various stages
of evaluation.
Haydale's operations in Thailand and South Korea have also been
busy promoting HTW's graphene and specialty inks capabilities and
receiving excellent feedback, as demonstrated by our recently
announced Star RFID development agreement. All of this commercial
activity improves our sales visibility and we look forward to
continued success in this region."
Ray Gibbs, President, Business Development at Haydale,
commented: "The tireless work from our Taiwanese team in developing
world class functionalised graphene inks with a market leading C/V
ratio is paying off. Having now established market acceptance with
the supply of commercial volume for a high quality printer, armed
with excellent third-party test results and customer endorsements,
we can also see market demand for this high-performance product in
Europe and especially the US."
- Ends -
For further information:
Haydale Graphene Industries plc
David Banks, Interim Executive Chairman Tel: +44 (0) 1269 842 946
Gemma Smith, Head of Marketing www.haydale.com
Arden Partners plc (Nominated Adviser
& Broker)
Ruari McGirr / Paul Shackleton / Tel: +44 (0) 20 7614 5900
Ben Cryer
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA, Australia, Japan and China and operates from six sites
in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
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END
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