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Haydale Graphene Industries at a tipping point as technology collaborations increase

Its shares, up 16% in the year to date, nudged a further 5% higher Tuesday after it unveiled an outline agreement with Rogers Advanced Composites
molecular makeup of graphene
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The company specialises in developing the new wonder material graphene for different uses

In July, Haydale Graphene Industries PLC (LON:HAYD) reported its order book was at record levels with visibility out for at least three years on some contracts.

The latest update from the company (Aug 22) reveals the commercial momentum behind this great British innovation story continues to build.

Its shares, up 16% in the year to date, nudged a further 5% higher Tuesday after it unveiled an outline agreement with Rogers Advanced Composites (RAC).

The tie-up

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.

This is another tick in the box for the company, which specialises in functionalising (ie finding uses for) graphene, the new wonder material.

It is active in the fields of composite materials, specialty inks, coatings, and additives for 3D printing.

WATCH: Haydale Graphene's Ray Gibbs hails 'massive' order book after company restructure

Ed Stacey, analyst at the research firm Capital Network, reckons Haydale and its technology base have now reached a “tipping point”.

“The nano-materials market is transitioning from a concept technology to commercial applications [and] Haydale specialises in the integration of nano-materials into commercial and industrial technologies,” explains Stacey.

“We argue that this is a good position to occupy within the value chain – exposed to end market growth but not exposed (negatively) to the likely future price compression in raw graphene or other nano-materials.”

Two years of discussion

Talking about the firm’s latest deal, chief executive Ray Gibbs said Haydale and RAC had spent over two years in mixing, dispersing and processing a range of nano-materials 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.

“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.

More on the RAC deal

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.”

In other words, that bulging order book looks likely to get much bigger.  

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