Haydale Graphene Industries PLC Collaboration agreement with ProMake Limited
12 Juli 2021 - 8:00AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
12 July 2021
REACH
For immediate release 12 July 2021
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale signs a collaboration agreement to be the manufacturing
and exclusive nano materials partner to ProMake Limited.
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that further to a memorandum of understanding
signed on 11 November 2020, it has now signed a Collaboration
Agreement with ProMake Limited ("ProMake") with respect to the
fulfilment of Promake's commitments under the Public Health England
("PHE") National Microbiology Framework.
In line with the UK Government's aim to supply fast turnaround
tests in its fight against Covid-19, PHE announced a new National
Microbiology Framework in November 2020. There were four discrete
lots within this framework and ProMake tendered for Lot 2 and Lot
4.
Lot 2
Lot 2 consisted of the development of goods and services mainly
for research and development, experimentation and study. PHE
announced on 23 April 2021 that ProMake was one of 69 successful
bidders. ProMake is to further develop their prototype BioPod
testing device to provide an immediate PCR test result for Covid-19
and other diseases. The multi-use device will utilise graphene and
other nano materials within its electronic testing system.
Lot 4
The aim of Lot 4 was to ensure that there is consistent and
affordable provision of high quality, safe and compliant testing
services which can be delivered efficiently and effectively to
support wider clinical services.
PHE announced on the 21 April 2021 that ProMake was one of 50
successful bidders, with their PreVent testing device that allows
users to exhale onto a capture unit that is set within a test
chamber. The prototype device collects a higher level of viral
load, is less invasive than mainstream testing methods and should
reduce clinical laboratory testing time and cost.
The collaboration agreement is for Haydale to be the exclusive
supplier of the graphene and other nano materials required for the
effective functioning of the Lot 2 BioPod device and sets out
Haydale's responsibility for the manufacturing supply of several
elements of the Lot 4 PreVent testing device.
The Haydale Board considers that it is premature to provide any
guidance as to the timing or value to Haydale of this
collaboration, but anticipates being able to give a more detailed
update over the coming months.
Jason Laing, Co-Founder and CEO at ProMake, said: "We are
grateful for the support that Haydale has given us in our
successful tender process, and we look forward to working with
Haydale to deliver a cost efficient and effective testing service
to support the UK Government's fight against Covid-19".
Gavin Leggott, Co-founder and COO at ProMake, said: "We are
working with Haydale on a number of projects. We value their
technical advice and project management experience, and they are a
vital partner in the consortia that we have put together to deliver
on these exciting projects".
Keith Broadbent, Haydale CEO, said: "It has been a privilege to
work with such innovative thinkers as Jason and Gavin. The
opportunity to assist in the fight against Covid-19 is one that we
are keen to be involved in".
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842 946
Arden Partners plc (Nominated Adviser
& Broker)
Ruari McGirr / Paul Shackleton / Tel: +44 (0) 20 7614 5900
Oscair McGrath
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
through its state of the art functionalisation. Haydale has granted
patents for its technologies in Europe, USA, Australia, Japan and
China and operates from five sites in the UK, USA and the Far
East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
About Reach announcements
This is a Reach announcement. Reach is an investor communication
service aimed at assisting listed and unlisted (including AIM
quoted) companies to distribute non-regulatory news releases into
the public domain. Information required to be notified under the
AIM Rules for Companies, Market Abuse Regulation or other
regulation would be disseminated as an RNS regulatory announcement
and not on RNS Reach.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADKLFBFDLBBBB
(END) Dow Jones Newswires
July 12, 2021 02:00 ET (06:00 GMT)
Haydale Graphene Industr... (LSE:HAYD)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Haydale Graphene Industr... (LSE:HAYD)
Historical Stock Chart
Von Jul 2023 bis Jul 2024