RCS - Haydale Graphene Ind - Haydale to Contribute to the Development of FCHEVs

Haydale Graphene IndustriesAnnouncement

24/05/2023 07:00

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RNS Number : 4046A  Haydale Graphene Industries PLC  24 May 2023

 REACH
 For immediate release  24(th) May 2023

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Haydale to Contribute to the Development of FCHEVs

 

Haydale, (AIM: HAYD), the global technology solutions company, will be a key
contributor to Viritech's development of fuel cell hydrogen electric vehicles
(FCHEVs).

 

Viritech, the leading developer of high-performance hydrogen powertrain
solutions for the automotive industry, has secured a major role in Ford Motor
Company's ("Ford") three-year hydrogen fuel cell E-Transit trial and Haydale
will lead the development of new functionalised materials and resins for Type
V pressure vessels to support Viritech's proprietary integrated mounting
system Graph-Pro™.

 

Although not yet commercially available, Type V hydrogen pressure vessels
offer the prospect of a significant weight reduction by removing the need for
an inner liner, which is currently required in composite pressure vessels to
act as an impermeable barrier. Haydale's advanced graphene-enhanced carbon
fibre material will enable the construction of impermeable pressure vessels.

 

The FCVGEN2.0 project awarded to Ford will look to design, develop and build a
fleet of eight hydrogen fuel cell powered Transit vans. The project is being
funded by The Advanced Propulsion Centre (APC) with £8m awarded by
government, matched by industry to a total of £16.3m.

 

Keith Broadbent, CEO of Haydale, commented:

 

"Haydale is delighted Viritech is one of the partners in this research
project, and we look forward to continuing our collaboration to develop new
materials for the Type V pressure vessels. The partnership will play a
significant role in bringing UK developed and industry-leading storage
solutions to the automotive market."

 

Timothy Lyons, CEO of Viritech commented:

 

"This is a massive opportunity and Viritech is excited to be working with
Haydale on this next phase of hydrogen technology development. FCHEVs will
play a vital role in decarbonising commercial vehicles and, as such, a vital
contributor to Sustainable Transportation."

 

- Ends -

For further information:

 Haydale Graphene Industries plc
 Keith Broadbent, Chief Executive Officer       Tel: +44 (0) 1269 842946
 Sarah Thomas, Marketing Manager                Tel: +44 (0) 1269 507026
 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 Viritech

Viritech are passionate cleantech engineers with the goal of becoming the
world's leading developer of high-performance hydrogen powertrain solutions.

The company is currently developing hydrogen powertrain solutions for trucks,
vans and high-performance cars, and this will be followed by applications for
aircraft, marine and off-grid energy.

With an F1-derived engineering culture, focussed on agile innovation and the
creation of valuable, licensable IP, Viritech's business model is to design,
prototype, test and license its technologies to global OEMs and Tier 1
suppliers. For more information, please visit viritech.co.uk
(http://www.viritech.co.uk)

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