Corporate News

First real-world installation of Haydale's underfloor own-product solution using graphene-based conductive inks

Innovative efficiency, flexibility and durability performance improvements

Haydale (AIM: HAYD), a leader in advanced materials and nanotechnology innovation, announces that it has signed a contract with Jersey Energy Technologies Limited ("JET"), a start-up company focussed on providing energy efficiency solutions across the Channel Islands, to begin a pilot trial deploying Haydale's innovative underfloor heaters within social housing in Jersey.

Haydale's underfloor heating system utilises the Company's proprietary HDPlas^TM functionalisation technology to unlock the high-level thermal conductivity properties of advanced material, graphene. Data gathered from Haydale's in-house prototype systems have shown up to 30% lower operating cost for their functionalised graphene ink underfloor heating compared to standard wired systems running off mains power. In test conditions, the heaters, which can be uniformly and individually heated, have also shown improvements in flexibility, and durability; reaching maximum temperatures quickly. This presents a potential commercial solution to meet the demand for improved energy efficiency, reducing heating costs for residents without trade off.

The first real-world installation of Haydale's product is planned to take place with JET later this year. The pilot trial will gather information over the winter period to support the efficacy and efficiency data already generated from Haydale's in-house testing with results expected in the new year.

Under the agreement, JET has agreed to pay for exclusive access to distribute the underfloor heating product within the Channel Islands on a commercial basis. If the trial is successful, it is envisaged that this environmentally friendly underfloor heating system will be rolled out in phases to selected homes and buildings.

Keith Broadbent, CEO of Haydale, said: "We are thrilled to collaborate with JET on this project which demonstrates our ability to use our plasma functionalisation technology platform to develop our own IP protected products for commercialisation, and this collaboration is a testament to our commitment to innovation and sustainability.

"Our underfloor heating system not only provides superior comfort but also represents a potentially significant step forward in reducing environmental impact and energy costs. This innovative solution leverages advanced technology to provide consistent, comfortable warmth, looking to ensure that each home remains cozy throughout the year without the excessive energy consumption typically associated with traditional heating systems."

George Eves, Founder of JET, said: "The adoption of Haydale's advanced underfloor heating technology aligns perfectly with our mission to provide high-quality, sustainable living solutions to the residents of the Channel Islands. We are excited to offer this cutting-edge heating solution and over time - we will look to roll the products out in the new build and retrofit projects underway with our development partner, improving the quality of life for our residents and setting a new standard for social housing."

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Notes to Editors:

About Haydale

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 is able to 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 or Twitter: @haydalegraphene

About JET

JET is a NewCo set up by Jersey based entrepreneurs to partner with the Island's network of support agencies helping improve the energy dependency situation. With a team of advisors, industry experts and housing installation teams, JET will oversee the roll out of the new innovation upon final testing and certification. JET is also partnering with other providers of innovative building products to assist the Island's drive towards energy independence. For more information please visit: jerseyenergytech.com

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