RCS - Haydale Graphene Ind - SMART Innovation to Accelerate Graphene Products

Haydale Graphene IndustriesAnnouncement

03/05/2023 07:00

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RNS Number : 1463Y  Haydale Graphene Industries PLC  03 May 2023

 REACH
 For immediate release  03 May 2023

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Haydale Awarded SMART Funding to Bring Graphene Products to Market

 

Haydale, (AIM: HAYD), the global technology solutions company, is pleased to
announce that it has been awarded SMART Flexible Innovation Support ("SMART
FIS") from The Welsh Government to accelerate the development of the
Ammanford-based company's graphene underfloor heating product and range of
biomedical sensor inks.

 

As part of a new innovation strategy for Wales aimed at supporting Welsh
industry by increased investment in research, development, and innovation,
SMART FIS will provide Haydale with funding totalling £182,843 over a
two-year period. Part of this funding will enable Haydale to accelerate the
development of its prototype graphene underfloor heating ("UFH") towards a
market-ready CE product that can be tested in a home environment. It will
support continued engagement with partners such as City Energy Network Ltd and
Plumbase, as announced on 16 March 2023.

 

Currently there are limited options available for energy supplies that can
have any real impact on the EU's target to cut greenhouse gas emissions by at
least 55% by 2030 and decarbonise the UK and Europe by 2050. The conductivity
and thermal properties of graphene make it a real potential solution for a
low-power product for a range of heating applications, including UFH. The
innovation this funding stream affords plays a key part in bringing
industry-changing products to the market and helping the 11 million homes in
fuel poverty and beyond.

 

The programme of support will also drive the development of Haydale's
graphene-enhanced biomedical inks for sensor and diagnostic applications,
accelerating the progress made so far with Cardiff University and Kidney
Research UK.

 

The use of functionalised graphene in biomedical sensors allows tailored
diagnostics for specific illnesses. The improved sensitivity, scalability,
shelf life and accuracy of functionalised graphene-based sensors eliminates
the need for traditional metallics in such devices, making them more
accessible to lower income communities, with improved environmental impact and
manufacturability.

 

David Davies, UK Managing Director at Haydale, commented:

 

"Receiving the SMART Flexible Innovation Support through the Welsh Government
marks a significant milestone in funding our innovation and continued product
development. I am delighted that our ongoing relationship with the Welsh
Government continues to support RD&I towards delivering our Innovation
Plans and bringing our graphene-enhanced heater and bio ink products to
market."

 

Ryan Howard, Non-Executive Director at Haydale, commented on UFH:

 

"This support will accelerate the development of our technology and processes
particularly for underfloor heating 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 cannot be installed
in domestic and commercial properties.

 

"The development of graphene UFH is potentially a significant contributor to
achieving Net Zero targets in the UK and Europe. The integration with low
voltage micro generation technologies such as solar, batteries, and smart
heating controls could offer carbon neutral solutions for the future. By
working with City Energy Network's partners such as UK PTS ("Plumbase") and
EDF there is the potential to bring this low power technology to a wide range
of households in the UK and beyond."

 

- 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 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 Economic Action Plan 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.

 

For more information on how Welsh Government innovation support can benefit
your organisation call 03000 6 03000, or visit Innovation | Innovation
(gov.wales) (https://businesswales.gov.wales/innovation/)

 

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