Haydale reported their financial results for H2 2014 - with revenues rising to £480,000 million (up from £60,000 in H1 2014, but this includes £360,000 generated by EPL). Loss before tas was £1.57 million (up from £580,000 in Hq 2014). In the beginning of 2015, Haydale had £3.95 million in cash.
During the past six months, Haydale increased their production capacity with two more R&D plasma reactors, signed a commercial collaboration with Alex Thomson Racing to develop graphene-enhanced composite solutions for racing boats, and signed a 5-year exclusive commercial agreement with Swansea University. EPL (acquired by Haydale in November 2014) was awarded £261,000 to test graphene-enhanced composite for oil & gas pipes.
Posted: Mar 19,2015 by Ron Mertens
