Haydale Graphene Industries PLC Haydale Awarded Supply Agreement
27 Januar 2022 - 8:00AM
RNS Non-Regulatory
TIDMHAYD
Haydale Graphene Industries PLC
27 January 2022
REACH
For immediate release 27 January 2022
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale Awarded Supply Agreement for its Proprietary
Functionalised Thermal Fluid
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that it has signed an Exclusive Supply
Agreement ("The Agreement") to produce a thermal fluid for High
Tech Systems Ltd ("High Tech Systems") over an initial three-year
period.
Working in collaboration with High Tech Systems, Haydale will
use its patented plasma functionalisation technology to enhance the
thermal conductivity and dispersion of boron nitride in thermal
fluid applications. By enhancing the thermodynamic properties of
water, Hi-Therm(TM) can significantly reduce the energy required to
heat buildings, both domestic and commercial.
An estimated three million households in the UK are thought to
be struggling to afford their current energy bills and this number
is only expected to increase with the predicted energy price cap
rise in April this year. H igh Tech Systems' patented thermal
fluid, Hi-Therm(TM), aims to transform the domestic and commercial
heating sectors by substituting commonly used water in the
radiators with Hi-Therm(TM) in both existing and new build heating
system applications.
Hi-Therm(TM) heats up quicker and offers up to 55% more heat
transference than the water currently used in typical heating
systems, so by installing Hi-Therm(TM) it is possible to reduce
carbon emissions and offer significant fuel savings to millions of
domestic and commercial buildings in the UK and beyond.
While demand will depend on the speed of roll out, High Tech
Systems have committed to an up-front purchase of GBP60,000 of
functionalised boron nitride fluid.
Keith Broadbent, Haydale CEO, said : "Reducing the carbon
footprint and developing efficient technologies is at the forefront
of innovation currently. Haydale with its plasma functionalisation
technology is leading the way, and this Agreement represents a
significant step forward in the commercialisation of thermally
efficient nanomaterials in the energy sector. We look forward to
working with High Tech on production for the domestic and
commercial heating markets."
Vince Rice, High Tech Systems CEO, said : "We are incredibly
excited to be working alongside Haydale in bringing Hi-Therm(TM) to
market. We are confident Hi-Therm(TM) will play an important role
in the UK in helping combat carbon emissions and significantly
reduce energy bills in both domestic homes and commercial
properties, especially when we are coming into a time of
significant uplifts in energy costs. We are very proud that
Hi-Therm(TM) has been developed in the UK and, through our
partnership with Haydale, it will also be manufactured in the
UK."
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, Chief Executive Tel: +44 (0) 1269 842 946
Officer
finnCap (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate Tel: +44 (0) 20 7220 0500
Finance
Andrew Burdis, ECM
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 can 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
LinkedIn: Haydale-ltd
Twitter: @haydalegraphene
About High Tech Systems
High Tech Systems, based in Stourbridge, West Midlands, is an
innovator of hydronic heating products with a vision to provide
cost effective, energy efficient, carbon emissions reducing
technology for domestic and commercial applications.
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