TIDMHAYD
Haydale Graphene Industries PLC
12 January 2022
RNS REACH
For immediate release 12 January
2022
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale Awarded SMARTCymru Funding to Develop
Anti-Counterfeiting Technology
Haydale, (AIM: HAYD), the global advanced materials group, is
pleased to announce that it has been awarded a SMARTCymru grant
from The Welsh Government that will enable the Ammanford-based
company to progress with the development of its anti-counterfeiting
ink technology, PATit (the "Project").
The Project has a total cost of GBP169,000 and is expected to
take six months to complete. The SMARTCymru grant, which is
part-funded by the European Regional Development Fund, will cover
circa 50% of the anticipated project costs.
PATit is an anti-counterfeiting technology that uses
graphene-enhanced, high-performance conductive inks and proprietary
software codes for brand and security protection that is
non-copiable and does not require expensive printing processes or
electronic chips (NFC / RFID) .
PATit has been developed to address a market need for smart
disruptive technologies in the security tag sector. The
anti-counterfeiting technology is planned to be manufactured in
Wales.
Funded by SMARTCymru, which supports growth of Welsh industry by
increased investment in research, development, and innovation,
PATit aims to provide a mass market anti-counterfeiting technology
that addresses the current market need for secure low-cost
anti-counterfeiting technologies. Central to the overall
performance of PATit is Haydale's patented plasma enhanced surface
functionalisation process, which allows the surface chemistry of
nanomaterials such as graphene to be altered to improve the
physical and electrical properties.
PATit is innovative to existing technologies for brand and
security protection by using proprietary software codes and a
speciality graphene-based conductive ink. This enables
counterfeiting devices to read the unique ink when printed onto a
product label or other material. The Project will also focus on the
development of the mobile app software and secure server system
required to store and read the PATit codes. There are now several
Patents approved for PATit including the EU and US.
PATit has also been shortlisted for a 2022 British Engineering
Excellence Award in the 'Materials Application of the Year'
category. The winners will be revealed at a gala lunch on 18(th)
March to be held in London at The Landmark Hotel.
David Davies, UK Managing Director at Haydale, commented:
"The funding will build on the already significant developments
Haydale has made in ink development using our patented plasma
functionalisation process. With the award from SMARTCymru,
Haydale's path to commercialising its anti-counterfeiting
technology, PATit, will be accelerated allowing us to further
develop our graphene-enhanced functionalised inks.
"The aim is to be able to provide the PATit technology to the
mass market to meet the need for affordable high volume brand
protection and provide a step to green environmentally friendly
anti-counterfeiting products that we believe will surpass
technologies currently available."
- Ends -
For further information:
Haydale Graphene Industries plc
Keith Broadbent, Chief Executive Tel: +44 (0) 1269 842 946
Officer
finnCap (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate Tel: +44 (0) 20 7220 0500
Finance
Andrew Burdis, ECM
Notes to Editors
The total cost of the project is GBP169,000 with funding from
SMARTCymru valued at GBP86,080.
Haydale is a global technologies and materials group that
facilitates the integration of graphene and other nanomaterials
into the next generation of commercial technologies and industrial
materials. With expertise in graphene, silicon carbide and other
nanomaterials, Haydale can deliver improvements in electrical,
thermal, and mechanical properties, as well as toughness through
its state-of-the-art functionalisation. Haydale has 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
LinkedIn: Haydale-ltd
Twitter: @haydalegraphene
About SMARTCymru
The Welsh Government is committed to building a stronger,
greener economy for Wales, based on the principles of fair work,
sustainability and the industries and services of the future.
This includes supporting demand-driven Research, Development,
and Innovation in Wales, and facilitating effective collaborations
which drive prosperity and deliver real benefits for Wales' people
and its environment.
Our Economic Action Plan has building stronger foundations for
growth, supercharging the industries of the future and empowering
Wales' regions at its heart. It includes our Economic Contract
which frames a new relationship with business based on the
principle of public investment with a social purpose as we help
businesses respond to the challenges of the future.
We support businesses to innovate and introduce new products and
services, to trade with the UK and the rest of the world, to
improve our skills base and to ensure that Wales remains
competitive in the fourth industrial age. We are also working to
enable more Welsh businesses to become carbon-light or
carbon-free.
Through our suite of support called SMART, part-funded by the
European Regional Development Fund, the Welsh Government helps to
create jobs and improve people's lives by driving cutting-edge
research and innovation.
SMARTInnovation - Investing in Research & Development
SMARTCymru - Funding to Innovate
SMARTExpertise - Academic Collaboration for Business
For more information on how Welsh Government innovation support
can benefit your business call 03000 6 03000, or visit SMART
Innovation | Innovation (gov.wales)
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