REG - Haydale Graphene Ind - Contract Award

Haydale Graphene IndustriesAnnouncement

24/07/2023 07:00

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RNS Number : 8506G  Haydale Graphene Industries PLC  24 July 2023

 For immediate release  24 July 2023

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Contract Awarded to Develop Graphene Ink-Based Low-Power Radiator Heaters

 

Haydale, (AIM: HAYD), the global technology solutions company, is pleased to
announce its next collaboration with Cadent Ltd ('Cadent') to develop graphene
ink-based low-power radiator heaters. The £350,000 three-stage project will
run for 12-months and is seeking to develop a tested and validated
market-ready product as a cost-effective alternative for Cadent's customers
when their gas supply is interrupted.

 

Following continued success on the low-power, battery operated water heating
development announced in February 2022 and July 2023, the aim for the latest
project is to incorporate the same graphene-ink based technology into
different designs to deliver bespoke solutions for a wide range of customer
requirements.

 

Currently, the provision of fan heaters or oil filled radiators to Priority
Services Register (PSR) customers, or those in a vulnerable situation without
a gas supply, can be expensive and challenging, particularly for those in ill
health, elderly or disabled customers. Therefore, Cadent is looking for a next
generation solution to provide an alternative heat source that is easy to
manage and ensures the customer experiences no, or minimal, disruption in
their day to day lives. This development will create a low power alternative
radiator heating solution, it will resemble the look of a standard radiator,
so it aesthetically fits in to the home environment.

 

Development of graphene-based, high conductivity inks and coatings that can be
applied to surfaces have the potential to provide even heating across large
areas with a very thin profile. This technology is made possible by Haydale's
patented HDPlasÒ process, which promotes efficient dispersion of
nanomaterials and allows the surface chemistry to be altered to improve the
physical and electrical properties.

This project will be completed over three stages, Haydale will provide its
time and expertise and work with Cadent to develop the concept, product
specification and design that will integrate with Haydale's printed graphene
heater panels to create a tested and validated solution.

Keith Broadbent, Haydale CEO, said: "We look forward to our continued
collaboration with Cadent on the use of Haydale's functionalised inks in the
energy supply market. Our next generation graphene-based technology has
already demonstrated value with the low-power water heater development. This
latest innovation aligns with Cadent's commitment to supporting its customers
in vulnerable situations to make them feel safer in an off-gas situation and
be able to still live independently in their home."

 

Mark Pritchard, Cadent Innovation Specialist, added:

 

"When a gas supply is interrupted, it can be quite concerning for customers
and so our teams work extremely hard to repair any issues as quickly and
safely as possible. We are looking forward to once again working alongside
Haydale on this innovative project to find an alternative heat source that is
easy to manage and ensures customers experience minimal disruption in the
event of a loss of gas. Ensuring customers remain safe and warm in their homes
is always our top priority and it's particularly important that those in the
most vulnerable situations, are able to heat their homes to the optimum
temperature, allowing them to stay warm and live independently."

 

- Ends -

 

For further information:

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

 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 Cadent

Cadent is the UK's largest gas distribution network with a 200-year legacy. We
are in a unique position to build on strong foundations whilst encouraging the
curiosity to think differently and the courage to embrace change. Day to day
we continue to operate, maintain and innovate the UK's largest gas network,
transporting gas safely and protecting people in an emergency. Our skilled
engineers and specialists remain committed to the communities we serve,
working day and night to ensure gas reaches 11 million homes from Cumbria to
North London and the Welsh borders to East Anglia, to keep your energy
flowing.

Future of Gas: Here at Cadent we support the Government's plans to reach Net
Zero by 2050. That means we're backing the introduction of hydrogen as a low
carbon alternative to natural gas for the future. We know people love the
controllability of gas and, with our network already in place, it makes sense
to switch to the lower carbon alternative offered by hydrogen, which we
believe can keep homes and businesses warm for generations to come.

Cadent manages the national gas emergency service free phone line on behalf of
the gas industry - 0800 111 999*

Cadent Gas Ltd is owned by a consortium of global investors.

Louise Day

Head of PR & Communications, Cadent

07773118357

Louise.Day@Cadentgas.com (mailto:Louise.Day@Cadentgas.com)

 

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