REG - Haydale Graphene Ind - Contract Wins

Haydale Graphene IndustriesAnnouncement

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RNS Number : 4742E  Haydale Graphene Industries PLC  23 October 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)).

 

Haydale Graphene Industries plc

("Haydale", the "Company" or the "Group")

 

Haydale and Affordable Warmth Solutions Launch Winter Heating Programme
Supported by Social Impact Partners

 

Haydale (AIM: HAYD), the advanced materials group, is pleased to announce it
has entered into two new contracts with Affordable Warmth Solutions ("AWS"),
the community interest company established by National Grid to reduce fuel
poverty and improve energy outcomes for vulnerable households. The contracts -
one funding the purchase for winter roll-out of Haydale's JustHeat system to
vulnerable households and another supporting a grid stability trial - have a
total value of approximately £450,000(1) over the next five months.

This brings Haydale's total contracted revenues with major UK energy network
partners and AWS to over £1 million(2) - a significant milestone that
underscores the growing commercial momentum of JustHeat with credible industry
collaborators.

 

Highlights

·      Two new AWS contracts: £450,000(1), to fund a JustHeat winter
deployment, and a grid stability trial.

·      Winter Roll-Out: Free to consumer installation of JustHeat
systems in fuel-poor households by March 2026, providing warmer homes and
lower bills for those most in need. The programme will be delivered in
conjunction with AWS' social impact partners who will target difficult to heat
homes with occupants suffering from health conditions, worsened by the cold.
The JustHeat panels are being supplied direct to AWS customers at Haydale's
standard distributor rate.

·      Grid Stability Trial: A trial (in collaboration with energy
efficiency specialist Quidos Limited), provided to and funded by AWS, will
measure how JustHeat reduces peak electricity demand and eases pressure on the
local distribution electricity network, and is expected to provide evidence
and robust data for future rollouts.

·      Contracted Value Over £1M(2): With these awards, Haydale's
cumulative contracted revenues with AWS and other major UK energy partners now
exceeds £1 million(1), marking a significant commercial milestone for the
Company.

 

Related Party Transaction

The entering into the contracts with Affordable Warmth Solutions (the
"Transactions") constitute related party transactions pursuant to Rule 13 of
the AIM Rules for Companies by virtue of AWS's status as an associate of
Jeremy Nesbitt, a non-Executive Director of Haydale. Jeremy is managing
director of Affordable Warmth Solutions CIC and also a Director of Quidos
Limited. Quidos Limited, which is also contracting directly with Affordable
Warmth Solutions for the purposes of the Grid Stability Trial, shares a common
majority owner with Quidos Technologies Limited, the Company's 16.2%
shareholder. As previously disclosed, Simon Turek, CEO of Haydale, is a
minority owner of Quidos Technologies Limited. The independent directors for
the purposes of the Transactions, being all Directors excluding Jeremy Nesbitt
and Simon Turek, consider, having consulted with the Company's nominated
adviser, Cavendish, that the terms of the Transactions are fair and reasonable
insofar as the Company's shareholders are concerned.

 

Simon Turek, Chief Executive Officer of Haydale, commented:

"Today's news marks another major milestone for Haydale. Partnering with
Affordable Warmth Solutions on these programmes is a tremendous endorsement
for JustHeat and brings our total contracted work with leading UK energy
partners to over £1 million(2). We're proud to be delivering tangible social
benefit by helping households in fuel poverty while demonstrating how JustHeat
can contribute to grid stability and the broader energy-efficiency transition.
It's a significant endorsement of our strategy and a launchpad for further
growth."

Julian Swann, General Manager of Affordable Warmth Solutions (AWS), said:

"Ensuring vulnerable households, with health conditions worsened by the cold
have affordable, reliable heating is a top priority for AWS - especially as
winter approaches. We're pleased to support the roll-out of Haydale's JustHeat
system, an innovative low-energy demand solution that provides efficient
warmth without straining the grid. This project shows how technology can
deliver real social impact by tackling fuel poverty while also enhancing
energy resilience. We're delighted to partner with Haydale on this initiative,
which aligns with our mission and could be scaled to benefit many more homes
across the country if successful."

 

About Affordable Warmth Solutions

Affordable Warmth Solutions is a community interest company established by
National Grid to reduce fuel poverty and improve energy outcomes for
vulnerable households. Through fully funded heating and energy-efficiency
programmes delivered in partnership with national and local organisations,
Affordable Warmth Solutions helps make homes warmer, lower bills, and support
communities in need.

 

Outlook

The Board believes these programmes provide strong near-term revenue
visibility and valuable data to support broader adoption of JustHeat.
Successful delivery of the winter deployment and grid trial could pave the way
for wider roll-outs - for example across social housing and other utility-led
schemes - firmly establishing JustHeat's role in enhancing home energy
efficiency and grid stability. By validating both the social and grid network
benefits of JustHeat, Haydale will be well-positioned to accelerate commercial
deployment in partnership with energy sector organisations.

(Footnotes:)

(1) £400,000 based on the customers' total system cost under the JustHeat
system contract. The grid stability trial contract has £50,000 revenue
associated with it.

(2) Sum of revenues to date, purchase orders in hand, and the expected
£450,000 being the subject of this announcement; all with UK energy network
partners and now including AWS.

 

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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