Haydale has announced the signing of a Joint Development Agreement ("JDA") between Haydale Technologies (Thailand) Limited ("HTT") and Thailand's Star RFID ("Star"). The JDA is for the parties to quickly co-develop both graphene and silver-based inks for the printed Radio Frequency Identification market ("RFID"). The co-development is expected to lead to a supply and collaboration agreement in the coming months.
The parties have already commenced development of a dedicated silver ink for Star and have a small paid-for project to carry out this work. Star has first right of refusal for any products arising from the JDA.
David Banks, Executive Chairman at Haydale, commented: "Since HTT, our Thai facility, officially opened in March 2017, we have secured a number of paid-for projects that have developed into longer term and closer working relationships with some of Thailand's high profile companies. Star RFID is no exception and we look forward to further developments in 2019."
Apiwat Thongprasert, Managing Director at Star, added: "We are really excited to work with Haydale and use their speciality graphene and silver inks. We see a strong commercial arrangement as key to sales success together with a highly consistent product. Something we already know that Haydale can provide."