REG - Haydale Graphene Ind - Sales Representation Agreement Signed

Haydale Graphene IndustriesAnnouncement

09/03/2022 07:00

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RNS Number : 1048E  Haydale Graphene Industries PLC  09 March 2022

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 For immediate release  9 March 2022

 

Haydale Graphene Industries plc

 

('Haydale')

 

Sales Representation Agreement for Ceramic and Silicon Carbide Sales in China
and Taiwan

 

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to
announce that it has signed a sales representation agreement ("the Agreement")
with Hainan Hongshida Information Technology Co., Ltd., ("Hongshida"). The
Agreement is for an initial period of two years and allows Hongshida to act as
a non-exclusive sales representative for Haydale's ceramic and silicon carbide
products in China (including Hong Kong) and Taiwan.

 

Under the Agreement, Hongshida has agreed to purchase a minimum of 200 kg of
product from Haydale within the first year of the agreement increasing to
5,000 kg in the second year. If all volume commitments are met, the minimum
value of the contract would be $1.14 million but may be considerably higher
depending on the product mix. The Company anticipates that the sales would
mainly fall into the financial year ending June 2024.

 

Hongshida, located in China's new free trade zone of Hainan Province, provides
engineering and technology solutions across equipment manufacturing,
electronic components, and machinery to customers in the Chinese civilian
aviation and other industrial sectors.

 

Keith Broadbent, Haydale CEO, said: "We are pleased to announce this Agreement
and believe the new market opportunities offered by Hongshida provides further
evidence of the solid commercial prospects for the ceramic and silicon carbide
products manufactured at our US facility within these markets."

 

Mr Wang Guodong, Hongshida CEO, said "Hongshida is delighted to be working
with Haydale and this Agreement will allow us to provide customers with
ceramic and silicon carbide products in China and Taiwan."

 

For further information:

 

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

 Sarah Thomas, Group Marketing Manager
                                                www.haydale.com (http://www.haydale.com)
 finnCap (Nominated Adviser & Broker)
 Julian Blunt/Edward Whiley, Corporate Finance

Andrew Burdis, ECM

                                                Tel: +44 (0) 20 7220 0500

 

Notes to Editors

 

Haydale is a global technologies group and service provider that facilitates
the integration of graphene and other nanomaterials into the next generation
of industrial materials and commercial technologies.  With expertise in
graphene, other nanomaterials, and Silicon Carbide, Haydale can deliver
improvements in electrical, thermal, and mechanical properties, Haydale has
been 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) or
Twitter: @haydalegraphene

 

 

 

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the
negative of those, variations, or comparable expressions, including references
to assumptions. These forward-looking statements are not based on historical
facts but on the Directors' current expectations and assumptions regarding the
Company's future growth, results of operations, performance, future capital,
and other expenditures (including the amount, nature, and sources of funding
thereof), competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs and
assumptions and are based on information currently available to the Directors.

 

A number of factors could cause actual results to differ materially from the
results discussed in the forward-looking statements including risks associated
with vulnerability to general economic and business conditions, competition,
environmental and other regulatory changes, actions by governmental
authorities, the availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which are beyond
the control of the Company.  Although any forward-looking statements
contained in this announcement are based upon what the Directors believe to be
reasonable assumptions, the Company cannot assure investors that actual
results will be consistent with such forward looking statements. Accordingly,
readers are cautioned not to place undue reliance on forward looking
statements. Subject to any continuing obligations under applicable law or any
relevant AIM Rule requirements, in providing this information the Company does
not undertake any obligation to publicly update or revise any of the
forward-looking statements or to advise of any change in events, conditions or
circumstances on which any such statement is based.

 

 

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