Haydale (LON:HAYD) Signs Commercialisation Agreement with Huntsman Advanced Materials

Haydale Graphene (LON:HAYD) has signed letter of intent with Huntsman Advanced Materials. This may be the initial stage needed to commercialize the company’s proprietary graphene technology. On the Alternative Investment Market of the London Stock Exchange, Haydale graphene stock rose about 5%, now trading at 152.5.

The goal will be to create unique graphene products by utilizing Haydale’s graphene tech with Huntsman’s ARALDITE resin and adhesive products. The process will begin with a graphene incorporated ‘master batch’ which will be used for research and development and testing.

Graphene has many potential uses in different composite and additive applications, the “miracle material” is very thin and lightweight while still retaining impressive strength. The 2D material can be applied as a conductor, heat-exchanger or for added strength and rigidity.

Haydale’s graphene technology utilizes plasma reactors to apply the material for functional uses in other mediums which can lead to enhanced composite materials. These enhanced materials can mean additional benefits over and above a graphene on its own.

“We see graphene enhanced polymer resins and their use in composite materials as being a revolution,”

This work opens up the potential for a whole new range of advanced composite materials and products with enhanced performance and lower cost.” said Gerry Boyce, managing director of Haydale’s HCS subsidiary.

Group chief executive Ray Gibbs, meanwhile, said: “We have identified the composites market as a strategic sector for our functionalised graphene and other nano materials with HCS being a fundamental route to market for our plasma functionalised materials.

This agreement represents a major opportunity to work with a global partner to develop a whole new range of formulated resins with enhanced properties which they can sell into the composites’ market across the world.”

Dr David Hatrick, European technology director at Huntsman, believes that the combination of Huntsman’s expertise in epoxy chemistry and HCS’s combined with Haydale’s functionalised graphene will spawn many opportunities in a growing composites market.

“The announcement marks another strong step forward for Haydale as it seeks to secure opportunity for its functionalised graphene nanoplatelets,” said Cantor Fitzgerald analyst Richard Hickinbotham.

The City broker has rated Haydale’s graphene stock as a ‘buy’ with a target price of 200. This means there is an expected increase of above 30% from the current price.

Hickinbotham suggests that, the 30% target forsees Haydale continuing to achieve key breakthroughs as well as strong public presence that is likely over the coming year- which would include first commercial orders.

Reference: Jamie Ashcroft – ProavtiveInvestors

 

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