Haydale Graphene Industries PLC Year End Trading Update and New Year Focus (1601F)
11 Juli 2019 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 1601F
Haydale Graphene Industries PLC
11 July 2019
For immediate release 11 July 2019
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Year End Trading Update and New Year Focus
The Board of Haydale (AIM: HAYD), the global advanced materials
group, announces that the Group's consolidated income statement is
anticipated to be within market expectations, albeit at the lower
end, for the year ended 30 June 2019.
As predicted, it has been a challenging few months refocusing
resources and commencing restructuring activities which has
resulted in slightly higher costs than previously indicated. The
Group's cash position was impacted by some timing differences, most
notably the delayed receipts of R&D tax credits from HMRC.
However, following the fundraise in March 2019, the Company
continues to be sufficiently funded.
A new global sales team is now in place and the Group is set to
deliver commercial sales volumes with patented technologies
according to plan; and enters the current financial year with a
renewed focus and cautious optimism.
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842 946
Gemma Smith, Global 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.
Graphene and functionalisation
Graphene (and certain other nanomaterials) is totally inert and
not easily dispersed in complex functional fluids (eg inks and
coatings), nor will it readily mix into thermoset resins and
composite structures. In order to obtain the best results from
graphene, it is necessary to attach to it the chemical 'hooks' that
overcome these problems through a process known as
functionalisation. Graphene on its own has minimal applications
yet, once functionalised, when added to a host fluid or material is
usually only required in very small quantities (often <1% by
weight) to achieve a major transformation in the host's
performance. Functionalised graphene enables the user to exploit
its thermal, mechanical and electrical properties, or a mixture of
these properties, but this requires experimentation and scientific
development. Haydale has a sponsored student to work with its
plasma functionalisation reactor and the leading Manchester
University academics to rapidly develop this understanding further
as part of Haydale's commercialisation strategy.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
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END
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