RCS - Haydale Graphene Ind - Haydale Awarded Supply Agreement

Haydale Graphene IndustriesAnnouncement

27/01/2022 07:00

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RNS Number : 7336Z  Haydale Graphene Industries PLC  27 January 2022

 REACH
 For immediate release  27 January 2022

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Haydale Awarded Supply Agreement for its Proprietary Functionalised Thermal
Fluid

 

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to
announce that it has signed an Exclusive Supply Agreement ("The Agreement") to
produce a thermal fluid for High Tech Systems Ltd ("High Tech Systems") over
an initial three-year period.

 

Working in collaboration with High Tech Systems, Haydale will use its patented
plasma functionalisation technology to enhance the thermal conductivity and
dispersion of boron nitride in thermal fluid applications. By enhancing the
thermodynamic properties of water, Hi-Therm™ can significantly reduce the
energy required to heat buildings, both domestic and commercial.

 

An estimated three million households in the UK are thought to be struggling
to afford their current energy bills and this number is only expected to
increase with the predicted energy price cap rise in April this year. High
Tech Systems' patented thermal fluid, Hi-Therm™, aims to transform the
domestic and commercial heating sectors by substituting commonly used water in
the radiators with Hi-Therm™ in both existing and new build heating system
applications.

 

Hi-Therm™ heats up quicker and offers up to 55% more heat transference than
the water currently used in typical heating systems, so by installing
Hi-Therm™ it is possible to reduce carbon emissions and offer significant
fuel savings to millions of domestic and commercial buildings in the UK and
beyond.

 

While demand will depend on the speed of roll out, High Tech Systems have
committed to an up-front purchase of £60,000 of functionalised boron nitride
fluid.

 

Keith Broadbent, Haydale CEO, said: "Reducing the carbon footprint and
developing efficient technologies is at the forefront of innovation currently.
Haydale with its plasma functionalisation technology is leading the way, and
this Agreement represents a significant step forward in the commercialisation
of thermally efficient nanomaterials in the energy sector. We look forward to
working with High Tech on production for the domestic and commercial heating
markets."

 

Vince Rice, High Tech Systems CEO, said: "We are incredibly excited to be
working alongside Haydale in bringing Hi-Therm™ to market. We are confident
Hi-Therm™ will play an important role in the UK in helping combat carbon
emissions and significantly reduce energy bills in both domestic homes and
commercial properties, especially when we are coming into a time of
significant uplifts in energy costs. We are very proud that Hi-Therm™ has
been developed in the UK and, through our partnership with Haydale, it will
also be manufactured in the UK."

- Ends -

For further information:

 Haydale Graphene Industries plc
 Keith Broadbent, Chief Executive Officer       Tel: +44 (0) 1269 842 946

 finnCap (Nominated Adviser & Broker)
 Julian Blunt/Edward Whiley, Corporate Finance  Tel: +44 (0) 20 7220 0500

 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 (http://www.haydale.com)
 

 

LinkedIn: Haydale-ltd

Twitter: @haydalegraphene

 

About High Tech Systems

 

High Tech Systems, based in Stourbridge, West Midlands, is an innovator of
hydronic heating products with a vision to provide cost effective, energy
efficient, carbon emissions reducing technology for domestic and commercial
applications.

 

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