TIDMHAYD
Haydale Graphene Industries PLC
24 May 2023
REACH
For immediate release 24(th) May
2023
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale to Contribute to the Development of FCHEVs
Haydale, (AIM: HAYD), the global technology solutions company,
will be a key contributor to Viritech's development of fuel cell
hydrogen electric vehicles (FCHEVs).
Viritech, the leading developer of high-performance hydrogen
powertrain solutions for the automotive industry, has secured a
major role in Ford Motor Company's ("Ford") three-year hydrogen
fuel cell E-Transit trial and Haydale will lead the development of
new functionalised materials and resins for Type V pressure vessels
to support Viritech's proprietary integrated mounting system
Graph-Pro(TM).
Although not yet commercially available, Type V hydrogen
pressure vessels offer the prospect of a significant weight
reduction by removing the need for an inner liner, which is
currently required in composite pressure vessels to act as an
impermeable barrier. Haydale's advanced graphene-enhanced carbon
fibre material will enable the construction of impermeable pressure
vessels.
The FCVGEN2.0 project awarded to Ford will look to design,
develop and build a fleet of eight hydrogen fuel cell powered
Transit vans. The project is being funded by The Advanced
Propulsion Centre (APC) with GBP8m awarded by government, matched
by industry to a total of GBP16.3m.
Keith Broadbent, CEO of Haydale, commented:
"Haydale is delighted Viritech is one of the partners in this
research project, and we look forward to continuing our
collaboration to develop new materials for the Type V pressure
vessels. The partnership will play a significant role in bringing
UK developed and industry-leading storage solutions to the
automotive market."
Timothy Lyons, CEO of Viritech commented:
"This is a massive opportunity and Viritech is excited to be
working with Haydale on this next phase of hydrogen technology
development. FCHEVs will play a vital role in decarbonising
commercial vehicles and, as such, a vital contributor to
Sustainable Transportation."
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, Chief Executive Tel: +44 (0) 1269 842946
Officer
Sarah Thomas, Marketing Manager Tel: +44 (0) 1269 507026
finnCap (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate Tel: +44 (0) 20 7220 0500
Finance
Andrew Burdis, ECM
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 can deliver improvements in electrical,
thermal, and mechanical properties, as well as toughness through
its state-of-the-art functionalisation. Haydale has granted patents
for its technologies in Europe, USA, Australia, Japan, and China
and operates from five sites in the UK, USA, and the Far East.
For more information please visit: www.haydale.com
LinkedIn: Haydale-ltd
Twitter: @haydalegraphene
About Viritech
Viritech are passionate cleantech engineers with the goal of
becoming the world's leading developer of high-performance hydrogen
powertrain solutions.
The company is currently developing hydrogen powertrain
solutions for trucks, vans and high-performance cars, and this will
be followed by applications for aircraft, marine and off-grid
energy.
With an F1-derived engineering culture, focussed on agile
innovation and the creation of valuable, licensable IP, Viritech's
business model is to design, prototype, test and license its
technologies to global OEMs and Tier 1 suppliers. For more
information, please visit viritech.co.uk
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