Haydale - Page 11

Haydale, ARTIS, part of Avon Rubber and Trelleborg Antivibration Solutions have announced a two-year research and development project to investigate the use of Haydale’s patented plasma functionalization for the enhancement of recovered carbon materials that are produced from the recycling of waste tyres so that these materials have the desired properties to enable them to be reused in engineering applications of rubber.

The project will also use plasma functionalized graphene, either alone or in combination with the newly developed recovered black materials as a hybrid system, to develop novel multifunctional elastomeric materials and products that can find a wide variety of applications across several different industry sectors.

UK's Haydale and Australia-based Imagine Intelligent Materials have signed a strategic agreement to establish a graphene-based conductive coatings capability in North America. According to the agreement, Haydale is to acquire exclusive license to Imagine IM’s Plant In A Box graphene processing technology and establish US supply chain for graphene-based conductive coatings that are designed for the global geosynthetics market. Haydale will also import inventory of imgne X3 to support planned field trials and early adopter orders.

The companies state that the signing of a Letter of Intent (LOI) between them marks the first step in establishing a strategic collaboration. In parallel, Haydale has issued a Purchase Order to Imagine IM for a quantity of Imgne X3 that will be sufficient to enable 50,000m2 of conductive geotextile to be manufactured. This will ensure that there is available supply in the US ahead of the commissioning of a full-scale plant at Haydale’s manufacturing facility in Greer, SC.

Haydale has announced its intention to raise a total sum of up to £9 miliion, divided into a £6 million through a placing arranged by Arden Partners and £3 million in an added subscription of qualifying participants. According to Haydale, the funds raised from the fundraising will be used to fund general working capital and the development of commercial opportunities.

In addition, Haydale announced its financial results for FY 2017. Its revenues increased over 100% year-on-year to £3.9 million (compared to £1.92 million in 2016), its loss increased to £4.75 million (2016: £3.64 million) and Haydale's cash at the year-end stood at £2.09 million. Of course, this is before the newly announced fundraising.

Haydale has announced the first commercial sales of its products to Everpower Sheng Tie (Xiamen) Graphene Technology ("Everpower"). The sales are for a range of Haydale's Silicon Carbide Fibres and 3D PLA masterbatch mixed with Haydale's functionalized Graphene Nano Platelets ("Additive Manufacturing PLA" or "AM PLA") for immediate delivery.

Haydale believes that these sales to Everpower are strategically important as they mark Haydale's first commercial sales into China and launches the Group and its products into what is expected to be a significant marketplace for Haydale.

Haydale recently announced that it has agreed heads of terms for a technical and commercial collaboration with Rogers Advanced Composites ("RAC). RAC is developing a composites center in the UK, and this collaboration will aim to enable RAC to access Haydale’s extensive technical know-how in composites, polymers and resins and to incorporate the range of advanced graphene enhanced composites, developed by Haydale, into its existing and future projects.

RAC, which has roots in the marine and yachting world through its sister company Rogers Yacht Design, has built a strong reputation in the design and manufacture of advanced composite products. It is Haydale’s understanding that RAC is experiencing a strong demand for high quality composite solutions across a range of industrial sectors including marine, military and motor sport and that RAC is in the process of securing long term production contracts for an oil recovery project as well as several aerospace, military and motor racing projects.

Haydale recently announced the launch of its Taiwan operations, Haydale Technologies Taiwan ('HTW'), which will operate as a dedicated producer and sales outlet of graphene-based conductive inks and pastes, including other functional and specialty inks and pastes.

Located in Southern Taiwan, HTW has largely completed the setup of its own dedicated ink production facility to meet its anticipated demand. Haydale has been working in Taiwan for more than 18 months, having determined in late 2015 that the region's focus on functional inks and pastes could provide an important route to market for Haydale's tailored graphene-based materials. The work involved market assessments, in-country technical capability, ability to gain regulatory approvals and gaining a deep understanding of the targeted print customers' needs.

Haydale recently shared updates on the passing financial year and on the prospects for the Group. The total income for the financial year ended 30 June 2017 is reportedly expected to be in line with current market expectations, which represents a doubling when compared with the prior financial year.

According to Haydale, the cash balance at 30 June 2017 stood at approximately £2.0 million (31 December 2016: £1.1 million). At the year's end, the Group's order book, being product sales orders and consulting contracts to be fulfilled over the next 3.5 years, stood at approximately £5.4 million, which is at record levels for Haydale and provides good visibility on the Group's future income.

Haydale Graphene Industries recently stated that it has entered a memorandum of understanding with Nanospan India to collaborate on developing advanced nano composites for the Indian market.

Nanospan, a graphene application development firm based in India, will work with Haydale to develop composites focused on the defence, aerospace and energy sectors in India.

Haydale Graphene Industries is setting up its first Asian Graphene Research Center in Thailand Science Park in Pathum Thani, focusing on conducting translational research to serve industries in the region.

The National Science and Technology Development Agency (NSTDA) and the Ministry of Science and Technology, through Thailand Science Park and Haydale Graphene Industries, have signed a collaborative agreement to establish Haydale Technologies (Thailand) or HTT, the first graphene research center this region.

UK-based Haydale announced its unaudited results for the six months ended 31 December 2016, or H1 FY2016. Total income was £1.5 million (up 90% from H1 2015) and the loss was £2.4 million (up from £1.9 million in H1 2015).

Haydale also provided some interesting update. The company signed a joint development agreement with Hunsman in Novermber 2016, and Haydale now says that Huntsman announced strong initial test results from Haydale's graphene enhanced Araldite resins in thermal management. Haydale's Thailand subsidiary also announced two new small contacts - one from the Thai Ministry of Energy for a printed hybrid functionalized graphene electrode in a supercapacitor and another from IRPC, a leading Thai petrochemical chemical processor.