REG - Haydale Graphene Ind - Strategic Collaboration and Trading Update

Haydale Graphene IndustriesAnnouncement

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RNS Number : 8647Y  Haydale Graphene Industries PLC  11 September 2025

11 September 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION (EU) 596/2014 (AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018).

 

Strategic Collaboration with Interfloor and trading update

Haydale (AIM: HAYD), the advanced materials group, is pleased to announce a
strategic collaboration with Interfloor Limited, which is Europe's largest
manufacturer of carpet underlay and flooring accessories, to integrate
JustHeat heater inserts into Interfloor's flooring systems, creating a new
category of ready-to-install solutions.

This agreement with Interfloor, combined with recent product shipments, the
addition of new channel partners, and the successful delivery of a 70% cost
reduction, highlights Haydale's transition from certification to early
commercialisation and provides the platform to scale revenues in FY26.

Interfloor Collaboration

In April 2025, the Company's first commercial installation of JustHeat was
completed at the offices of Interfloor Limited, owner of the Tredaire and
Duralay brands. Following successful testing, Haydale has now signed a
strategic Collaboration Agreement with Interfloor.

Under the agreement, Haydale and Interfloor will collaborate to integrate
JustHeat heater inserts with Interfloor's market-leading underlays and
specified coverings, creating a new range of solutions for launch in H2 FY26.

With exports to 400+ customers in over 70 countries and weekly deliveries to
more than 2,000 UK outlets, Interfloor provides a powerful route to
specification-led adoption of JustHeat through established retail, distributor
and contractor networks. Interfloor is part of Victoria plc (AIM: VCP), the
international flooring group.

Additional Channel Partners

Initial orders have now shipped to the channel partners announced in June, and
further partners are being added to extend geographic and sectoral reach
across the UK. Building on the UL certification achieved in June, the Company
will shortly begin trials with a new US channel partner, marking an important
step in its international expansion.

The current pipeline remains strongest in residential (owner-occupied and
social housing) and residential-adjacent sectors (care homes, student
accommodation), while the Company also sees opportunities in broader
commercial and specialist applications, including modular housing and mobile
homes.

Supply Chain

Haydale has established dedicated JustHeat print capacity in Changsha through
a processing agreement with Hunan Heidai Graphene Materials, a specialist in
printed electronics and conductive inks. Haydale's functionalised graphene
inks continue to be manufactured in Wales, with printing undertaken in
Changsha under the agreement. With capacity of c.1,000 linear metres per day,
the facility is ready to support channel-partner roll-outs - providing
scalable production without significant capex investment - while Haydale
retains ownership of its IP and materials.

The processing arrangement confers standard processing-trade customs benefits
on movement of goods into and out of the facility, reducing logistics cost and
lead times. The site has passed a production audit by Underwriters
Laboratories (UL), the global safety certification and testing organisation.
 This follows the UL certification of JustHeat panels announced in June 2025,
ensuring that offshore production meets internationally recognised quality
standards.

Cost Restructuring

In line with the cost restructuring programme outlined in March 2025 in the
Company's interim results, Haydale achieved monthly run-rate costs reduction
below £200,000 by the end of FY25. This represents a 70% reduction from FY24
overhead run rates. This leaner cost base, combined with growing commercial
traction, underpins the Board's confidence in delivering a capital-light
growth model. The Company's unaudited cash balance as at the end of August
2025 was £1.92m.

 

Simon Turek, CEO of Haydale:

"This collaboration with Interfloor is a transformational step for JustHeat.
It places our graphene-enabled heating technology directly into the product
lines of one of Europe's most trusted flooring brands, providing a route to
scale that few early-stage technologies achieve so quickly. Combined with our
streamlined cost base and scalable supply chain, Haydale is positioned to
deliver real commercial momentum in the months ahead."

 

Gary McEwan, CEO of Interfloor:

"Interfloor is always looking for innovations that deliver value to our
customers and sustainability to the built environment. Partnering with Haydale
allows us to integrate a cutting-edge heating solution into our
well-established underlay products. We believe JustHeat has the potential to
redefine comfort and efficiency in flooring systems across residential and
commercial markets."

 

For further information

Haydale Graphene Industries plc

Simon Turek, Chief Executive
Officer
Tel: +44 (0) 1269 842946

Gareth Kaminski-Cook, Non-Executive Chair

Patrick Carter, Chief Financial Officer

www.haydale.com (http://www.haydale.com/)

Cavendish Capital Markets Limited (Nominated Adviser & Broker)

Julian Blunt / Edward Whiley / Trisyia
Jamaludin                              Tel: +44
(0) 20 7220 0500

Corporate Finance

Andrew Burdis, ECM

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