11 May 2017
Haydale Graphene Industries plc (AIM: HAYD), the global nanomaterials group, is pleased to announce that it has entered into a Memorandum of Understanding ('MoU') with Nanospan India Pvt Ltd ('Nanospan') to collaborate on the development of advanced nano composites for applications in the Indian markets.
Nanospan is a graphene application development pioneer based in India with proven efficient and accurate material characterisation services. Pursuant to the MoU, Haydale will work with Nanospan on the development of nano composites focused on Defence, Aerospace and Energy sector opportunities in India.
Ray Gibbs, CEO of Haydale, said:
"We are delighted to have entered into this collaboration. Nanospan have several immediate opportunities in their market sectors and are well positioned to be our partner for joint R&D and promoting Haydale's products and services in India. If our collaboration with them is successful we anticipate Nanospan developing our Indian centre of excellence."
Ravi Nuguru, CEO of Nanospan, said:
"Nanospan India is focused on graphene and nano material applications for India's Defence, Energy and Aerospace markets. Our work with Haydale should allow us to develop a whole new generation of composite materials with market leading material properties and performance. We hope that the combination of Haydale, a renowned nanomaterials pioneer and Nanospan's expertise with development of advanced polymer/graphene composites and comprehensive characterisation and testing services offerings for nano material, will bring about world class solutions to a number of opportunities in India."
For further information:
|Haydale Graphene Industries plc
Ray Gibbs, Chief Executive Officer
Matt Wood, Finance Director
Trevor Phillips, Head of Communications
|Tel: +44 (0) 1269 842 946
|Cairn Financial Advisers LLP (Nominated Adviser)
Tony Rawlinson / Emma Earl
|Tel: +44 (0) 20 7213 0880|
|Cantor Fitzgerald Europe (Broker)
David Foreman / Will Goode (Corporate Finance)
David Banks / Mark Westcott (Sales)
|Tel: +44 (0) 20 7894 7000|
Henry Harrison-Topham / Gemma Mostyn-Owen
|Tel: +44 (0) 20 7466 5000
Notes to Editors
Haydale is a global technologies and materials group that facilitates the integration of nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA and China and operates from four facilities in the UK, USA and the Far East.
For more information, please visit: www.haydale.com
About Nanospan India Pvt Ltd
Nanospan India Pvt Ltd is a graphene application development pioneer based in India and the Silicon Valley, USA, focused on graphene composites and intermediates, nanomaterial characterisation and testing services and graphene application products in Defence, Aerospace, Energy and Electronics sectors.