Haydale Graphene Industries PLC Haydale receives order for ceramic blanks
15 Oktober 2019 - 8:01AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
15 October 2019
For immediate release 15 October 2019
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale receives order for ceramic blanks for US cutting tools
industry
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that, following commencement of commercial
production of ceramic blanks in June, Haydale Ceramic Technologies
LLC ("HCT"), based in South Carolina, US, has now received an order
to the value of US$700,000.
This order is from a large US cutting tool manufacturer and
follows a trial order of 33,000 ceramic blank units previously
delivered by HCT and follows investment by Haydale in the blanks
production facilities.
Additionally, HCT has received a commitment in principle from a
Japanese cutting tool manufacturer which will launch in April 2020.
This commitment is for 145,000 blanks units with a value of
approximately US$600,000.
Following extensive customer trials, and with commercial
production commenced, we are now expecting sales to grow in this
area.
Tom Quantrille, President & CEO of Haydale Technologies Inc.
in the United States, said: "Since production commenced in June
this year, the team has worked closely with new and existing
customers to ensure the product is of the highest quality. We are
now able to produce high quality sintered ceramic blanks in
industry expected quantities."
Keith Broadbent, Haydale CEO, said: "As Haydale takes a more
commercial focus, it is great to see the reward from these two
customers. We are looking forward to seeing significant growth in
this area and receiving more blanks orders in the near term."
- 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.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
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END
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