Haydale Graphene Industries PLC Distributor Agreement (9682I)
April 07 2020 - 2:00AM
UK Regulatory
TIDMHAYD
RNS Number : 9682I
Haydale Graphene Industries PLC
07 April 2020
RNS
For immediate release 7 April 2020
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Exclusive Distributor Agreement for Electrically Conductive
Graphene-Enhanced Masterbatch
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that it has signed an exclusive distributor
agreement ("the Agreement") between Haydale and Dalian Yibang
Technology Co., Ltd ("DLYB"). The Agreement is for an initial
period of 4 years and allows DLYB exclusive distributor rights to
market Haydale's electrically conductive graphene-enhanced
masterbatch in the Chinese and Taiwanese markets.
The Agreement sees DLYB pay Haydale an initial licence fee and
thereafter, the parties will work towards completion of field
testing, securing the requisite licences and final certifications
from the relevant authorities. Haydale will supply masterbatch and
associated consultancy services at an additional cost during the
pre-commercialisation phase of the Agreement. Haydale expects the
contract to move from the R&D to the commercial phase in 2021
and the parties have agreed minimum annual revenue thresholds which
commence at US$300,000 for the calendar year 2021 and increase
annually thereafter. In order to ensure the highest standards of
quality assurance, the parties have agreed that all masterbatch
will be supplied by Haydale from its facilities.
DLYB has been at the forefront of introducing and servicing
high-end imported products for 15 years in China, which included
the introduction of copper mesh for the purpose of lightning strike
protection in both aerospace and wind energy sectors. It has
obtained the international aviation quality management
certification AS9120 and focuses on cutting-edge and high precision
materials and technical solutions for aerospace, marine, railway,
wind power, battery energy and industrial filtration industries.
Using its existing experience and access to market, DLYB expects to
use Haydale's electrically conductive graphene-enhanced masterbatch
technology to develop and sell applications into these sectors.
Examples of these applications are focused on electrical screening,
control of edge glow and the development of lightning strike
products for the civil aviation, defence, UAV and wind energy
markets.
Yuefeng Zou, CEO at DLYB, said: "Having already introduced
leading-edge technology to prevent lightning strike into the
Chinese Aerospace and wind energy industries, we are delighted to
be working with Haydale and its world leading technology to
introduce the next generation of environmentally friendly
technology in this field."
Keith Broadbent, Haydale CEO, said: "We are pleased to announce
this partnership. With the extensive expertise of Haydale,
alongside the market knowledge of DLYB, this new contract will open
up fantastic opportunities for the commercialisation of this state
of art technology in both China and Taiwan."
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via a Regulatory Information
Service ('RIS'), this inside information is now considered to be in
the public domain.
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842 946
Gemma Smith, Global Head of Marketing
Arden Partners plc (Nominated Adviser
& Broker)
Ruari McGirr / Paul Shackleton / Tel: +44 (0) 20 7614 5900
Ben Cryer
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA, Australia, Japan and China and operates from six sites
in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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