Haydale Graphene Industries PLC Commercial production of ceramic blanks (8248X)
02 Mai 2019 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 8248X
Haydale Graphene Industries PLC
02 May 2019
For immediate release 2 May 2019
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale to start commercial production of ceramic blanks for the
cutting tool industry
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that, following significant investment in
production capabilities in its US facility in Greer, South Carolina
as announced in May 2018, Haydale is to begin commercial production
of its ceramic blanks for the cutting tool industry.
Historically, Haydale's operations in the US has produced
engineered ceramic powders containing proprietary silicon carbide
whiskers for the cutting tool industry worldwide. Due to customer
demand, Haydale invested approximately $1.5 million in its own
production facilities and will now utilise internally produced
engineered ceramic blends to manufacture and sell sintered ceramic
blanks for the cutting tool industry.
Initial quantities of ceramic blanks have been well received and
qualified with major jet engine and aerospace manufacturers
worldwide and the team are now working towards scaling up to
commercial production quantities.
Tom Quantrille, President & CEO of Haydale Technologies Inc.
in the United States, said: "This long-term investment is an ideal
opportunity for Haydale to meet the needs of our customers. Haydale
has invested in its facilities to produce these sintered ceramic
blanks in large quantity which will enable us to provide
exceptional value to our customers while offering additional
opportunities for new products to be developed."
Keith Broadbent, Haydale CEO, said: "Following this significant
investment, it is great to see the US facility increasing its value
and position in the market. We look forward to benefiting from this
customer-driven growth."
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, Haydale CEO Tel: +44 (0) 1269 842 946
Gemma Smith, Head of Marketing www.haydale.com
Arden Partners plc (Nominated Adviser Tel: +44 (0) 20 7614 5900
& Broker)
Ruari McGirr / Paul Shackleton /
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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