Haydale Graphene Industries PLC (LON:HAYD), the global advanced materials group that has developed functional uses for the new wonder material graphene, has signed an outline commercial collaboration deal with Rogers Advanced Composites (RAC).
Haydale chief executive Ray Gibbs said in a statement that the pair had spent over two years in mixing, dispersing and processing a range of nanomaterials into high-end epoxy resins.
This has enabled the company to “add significant value” to the traditional composite offerings that have been available for many years.
RAC in process of securing long term production contracts
“The speed at which RAC has moved and their ability to attract exciting commercial projects makes this an obvious partner for Haydale to demonstrate our added value capabilities. We look forward to working with the RAC on what is a very exciting collaboration," Gibbs added.
The tie-up will allow RAC, which has its roots in marine and yacht design, to incorporate advanced graphene-enhanced composites developed by Haydale into its existing and future projects.
“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,” the company told investors.
“There are also some prospects in the rail and shipping sectors as well as new build high performance carbon fibre race boats and refits.”