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MIxed contract news from Haydale Graphene

Trial with glass fibre pipe maker Amiblu did not go as hoped
Talks will resume with Amiblu over how to move forward

Haydale Graphene Industries PLC (LON:HAYD) had mixed contract news.  

On the plus side, the group’s silicon carbide division has signed an enhanced four-year contract for industrial tools coatings worth US$3.3mln.The contract means orders in hand for ceramic technologies rise to US$5.5mln.This division has also won an order for its anti-corrosion paint worth US$100,000 per month.

READ: Haydale Graphene appoints new COO

Overshadowing this though was a disappointing trial with glass fibre pipe maker Amiblu, better known as Flowtite, though discussions will resume next quarter about how to move forward.

Keith Broadbent, Haydale’s chief operating officer, said it still looking to continue to engage with Amiblu and to come up with a solution to improve their products.


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