Haydale (AIM:HAYD) Wins Graphene Research Grants of Over $600K

Haydale (AIM: HAYD), the group focused on the commercialisation of graphene and other nano particle products using its proprietary plasma process is pleased to announce that the Group has recently been awarded a number of research grants, totalling over £450,000. Receipt of grant monies in full is subject to, inter alia, completion of final grant documentation and various project milestones being achieved. The projects relating to each grant are expected to have a variety of start dates (depending on timing of the final grant documentation) and run for a period of between 18 to 24 months. These new projects include:

  • The development of low cost, self-cleaning graphene enhanced coatings for industrial membranes used in the cleaning and filtering of waste water, swimming pools, desalination and offshore drilling fluids, amongst others as part of the project recently announced by G20 Water. The project’s target sectors of nanofiltration from reverse osmosis (RO) and ultrafiltration accounted for $1.7 billion of sales in 2014.
  • The development of resins and coatings, incorporating HDPlas® functionalised microencapsulants, which emit UV fluorescent dyes under impact. The use of such systems in safety critical composite applications such as aircraft primary structures, pressure vessels, yachts, boats, sign posts, pressure pipes and car chassis structures would enable engineers to readily and easily detect damage in the form of a “bruise”.
  • The feasibility of developing type V liner-less thermoplastic composite hydrogen pressure vessels for hydrogen powered fuel cell vehicles. If it can be demonstrated that it is feasible to manufacture liner-less functionalised graphene enhanced thermoplastic composite pressure vessels with improved permeation resistance, this could lead to lighter, cheaper and safer hydrogen pressure vessels on vehicles. Research by UK H2 Mobility predicts that 10,000 Hydrogen vehicles will be sold by 2020, with an estimated annual market for storage vessels of £21 million.

Ray Gibbs, Haydale Chief executive said:

“The support of government is vital in accelerating the commercialisation of graphene based composite products and through our unique plasma treatment functionalisation process we will be at the forefront of developing and commercialising a whole new range of graphene enhanced composite materials. The awards also enable us to engage directly with prime OEM’s in the significant aerospace, automotive, rail and marine markets as well as enabling us to expand our technical team and capabilities in this area.”

Gerry Boyce, Managing Director of Haydale Composite Solutions added:

“The company have a well-defined product development strategy and are committed to developing graphene enhanced polymer and polymer composite products in targeted markets including Aerospace, automotive, rail and marine and the successful awarding of these research contracts under pin this strategy. The ability to radically improve the mechanical, electrical and thermal characteristics of polymers, resins, coatings and adhesives through the incorporation of functionalised graphene is probably one of the most step changing and exciting enabling technologies for a generation and could lead to a whole new range of materials.”

Notice of Results

The Company also announces that its audited results for the year ended 30 June 2015 are expected to be released in October

Check back to see investingraphene.com’s detailed graphene stock analysis on Hay dale’s year end audited financial statements.

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