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Haydale Graphene makes first sales in China through Everpower partnership

Haydale added it will launch an expanded suite of additive manufacturing products at the TCT show in Birmingham that starts today

Haydale Graphene Industries PLC (LON:HAYD) has made its first sales in China through its partnership with shareholder Everpower.

The sales were silicon carbide fibres (SiC) and 3D printing material and combined, will generate about £160,000 in revenues.

READ: Haydale Graphene Industries inks US$4.58mln, three-year deal with Japanese customer

Everpower tested the SiCs in May for use in the repair and corrosion protection for pipes in the oil and gas industry. SiCs add strength, wear and heat resistance when mixed with other products. 

The 3D printing material order (for Haydale's proprietary additive manufacturing PLA) is for £50,000 of product and the first commercial AM PLA product sale into China. Haydale sees extensive applications from prototyping to end-use products for the 3D material. 

Ray Gibbs, Haydale’s chief executive, said in a statement: “We said in our July trading update that we were in discussions with Everpower on the supply of some of our products and this has now happened.  

“The supply of SiC offers Everpower a unique material that can be used in a range of applications such as cutting tools, oil and gas pipe repairs and scratch resistant coatings for cookware.  

“We are particularly pleased that this sale of SiC follows other recently announced new long-term SiC contract wins and demonstrates the benefits of our investments in sales and marketing. 

“With this first AM PLA order from Everpower and with our enhanced range of additive manufacturing products being launched today, we anticipate an ongoing and closer collaboration.“

READ: Haydale Graphene Industries at a tipping point as technology collaborations increase

Dr Nan Lin, Everpower’s chairman, added: These orders are for initial testing and represent the start of our sales effort with other Haydale products likely to follow closely behind.  

In addition, we have identified and evaluated a number of Haydale technical composite-based projects to provide targeted products for use in the automotive and wind energy sectors.  

“Discussions are proceeding aimed at industrialising them in China."

Haydale added it will launch an expanded suite of additive manufacturing products at the TCT show in Birmingham that starts today.

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