RCS - Haydale Graphene Ind - Haydale awarded SMART funding

Haydale Graphene IndustriesAnnouncement

06/12/2023 07:00

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RNS Number : 7857V  Haydale Graphene Industries PLC  06 December 2023

 Reach
 For immediate release  6 December 2023

Haydale Graphene Industries plc

 ('Haydale')

Haydale awarded SMART funding to develop ultra-efficient, graphene infused
heat transfer fluids

 

Haydale, (AIM: HAYD), a global technology solutions company, is pleased to
announce the award of a SMART Flexible Innovation Support Grant ("SMART FIS")
from the Welsh Government, to accelerate development of ultra-efficient,
graphene infused heat transfer fluids.  This support will assist in the
development and proof of concept of scientific innovations, in a commercial
setting.

 

Hydratech, a division of Liquitherm Technologies Group and longtime
manufacturer of aqueous-based heat transfer fluids, have been awarded a
collaborative SMART FIS to work in partnership with Haydale on the project.

 

By infusing Hydratech heat transfer fluids with Haydale functionalised
graphene, there is potential to maximise thermal conductivity and thermal
diffusivity, and thus significantly increase the efficiency of all fluid-based
heating and cooling systems. The resulting graphene-infused heat transfer
fluids would be classified as Fluidstate Superthermal Conductors, or FSC's.

 

Key target sectors intended to benefit from FSC, would be those using domestic
and commercial heat pumps, including air source, ground source, geothermal and
water source. By increasing the Coefficients of Performance of all heat pumps,
the associated users - including and especially domestic households - will
benefit from much reduced running costs. I.E., smaller heating bills, whilst
significantly reducing greenhouse emissions.

 

As part of a new innovation strategy for Wales, aimed at supporting Welsh
industry by increased investment in research, development and innovation, the
SMART FIS funding will enable both companies to accelerate their development
of FSC towards market-ready products, with the project totalling £147,221
with a grant value of £73,610 shared between the partners.

 

Stephen Hickson, MD of Hydratech commented:

"We are excited to collaborate and partner with Haydale, who bring a unique
material solution to industry wide challenges.  Our range of heat transfer
fluids are already widely used, but the development of a more conductive and
thermally efficient fluid will be warmly welcomed by domestic, commercial and
industrial users alike, and simultaneously support the drive to Net Zero CO2
by 2050."

 

Keith Broadbent, CEO of Haydale, commented:

"This support from Welsh Government will accelerate the development of our
technology and processes, particularly for thermal fluid innovation, where we
believe functionalised graphene can pave the way for the next generation of
energy-efficient heating, particularly in situations where an air source heat
pump can be installed in domestic and commercial properties."

 

 

Ends -

For further information:

Haydale Graphene Industries plc

Keith Broadbent,
CEO
Tel: +44 (0) 1269 842946

Mark Bolt, Sales & Marketing
Manager
Tel: +44 (0) 1269 507026

 

Cavendish Capital Markets Limited (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

Hydratech began as a family run business in 1998 formulating and manufacturing
inhibited glycols, antifreeze solutions and water treatment chemicals
including inhibitors and cleansers, for protecting cooling and heating
systems.  Now part of the larger Liquitherm Technologies Group, Hydratech are
recognised as the industry's leading heat transfer fluid experts for process
and hydronic systems. Hydratech invest heavily in research and development, to
ensure they remain at the forefront of the heat transfer fluid industry.

For more information please visit: www.hydratech.co.uk

About SMART Flexible Innovation Support (FIS)

The Welsh Government is committed to building a stronger, fairer, greener
Wales, based on the principles of fair work, sustainability and the industries
and services of the future. This includes supporting demand-driven Research,
Development, and Innovation in Wales, and facilitating effective
collaborations which drive prosperity and deliver real benefits for Wales'
people and its environment.

Our cross-Government Economic Mission and innovation strategy Wales Innovates
have building stronger foundations for growth, supercharging the industries of
the future and empowering Wales' regions at their hearts. We support
organisations to innovate and introduce new products and services, to trade
with the UK and the rest of the world, to improve our skills base and to
ensure that Wales remains competitive in the fourth industrial age. We are
also working to enable more Welsh organisations to become carbon-light or
carbon-free.

Through SMART FIS, the Welsh Government helps to create jobs and improve
people's lives by driving cutting-edge research and innovation. SMART FIS is a
unique Welsh Government scheme with the single aim of helping Welsh
organisations achieve "Innovation Excellence" by supporting their Innovation
Plans with the Welsh Government team of Specialists, access to expertise,
consultants and funding.

 

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