TIDMHAYD
Haydale Graphene Industries PLC
03 May 2023
REACH
For immediate release 03 May 2023
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Haydale Awarded SMART Funding to Bring Graphene Products to
Market
Haydale, (AIM: HAYD), the global technology solutions company,
is pleased to announce that it has been awarded SMART Flexible
Innovation Support ("SMART FIS") from The Welsh Government to
accelerate the development of the Ammanford-based company's
graphene underfloor heating product and range of biomedical sensor
inks.
As part of a new innovation strategy for Wales aimed at
supporting Welsh industry by increased investment in research,
development, and innovation , SMART FIS will provide Haydale with
funding totalling GBP182,843 over a two-year period. Part of this
funding will enable Haydale to accelerate the development of its
prototype graphene underfloor heating ("UFH") towards a
market-ready CE product that can be tested in a home environment.
It will support continued engagement with partners such as City
Energy Network Ltd and Plumbase, as announced on 16 March 2023.
Currently there are limited options available for energy
supplies that can have any real impact on the EU's target to cut
greenhouse gas emissions by at least 55% by 2030 and decarbonise
the UK and Europe by 2050. The conductivity and thermal properties
of graphene make it a real potential solution for a low-power
product for a range of heating applications, including UFH. The
innovation this funding stream affords plays a key part in bringing
industry-changing products to the market and helping the 11 million
homes in fuel poverty and beyond.
The programme of support will also drive the development of
Haydale's graphene-enhanced biomedical inks for sensor and
diagnostic applications, accelerating the progress made so far with
Cardiff University and Kidney Research UK.
The use of functionalised graphene in biomedical sensors allows
tailored diagnostics for specific illnesses. The improved
sensitivity, scalability, shelf life and accuracy of functionalised
graphene-based sensors eliminates the need for traditional
metallics in such devices, making them more accessible to lower
income communities, with improved environmental impact and
manufacturability.
David Davies, UK Managing Director at Haydale, commented:
"Receiving the SMART Flexible Innovation Support through the
Welsh Government marks a significant milestone in funding our
innovation and continued product development. I am delighted that
our ongoing relationship with the Welsh Government continues to
support RD&I towards delivering our Innovation Plans and
bringing our graphene-enhanced heater and bio ink products to
market."
Ryan Howard, Non-Executive Director at Haydale, commented on
UFH:
"This support will accelerate the development of our technology
and processes particularly for underfloor heating where we believe
functionalised graphene can pave the way for the next generation of
energy-efficient heating, particularly in situations where an air
source heat pump cannot be installed in domestic and commercial
properties.
"The development of graphene UFH is potentially a significant
contributor to achieving Net Zero targets in the UK and Europe. The
integration with low voltage micro generation technologies such as
solar, batteries, and smart heating controls could offer carbon
neutral solutions for the future. By working with City Energy
Network's partners such as UK PTS ("Plumbase") and EDF there is the
potential to bring this low power technology to a wide range of
households in the UK and beyond."
- 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
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 SMART Flexible Innovation Support (FIS)
The Welsh Government is committed to building a stronger,
fairer, greener 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 and innovation strategy Wales Innovates
have building stronger foundations for growth, supercharging the
industries of the future and empowering Wales' regions at their
hearts.
We support organisations 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 organisations to become carbon-light or
carbon-free.
Through SMART FIS, the Welsh Government helps to create jobs and
improve people's lives by driving cutting-edge research and
innovation. SMART FIS is a unique Welsh Government scheme with the
single aim of helping Welsh organisations achieve "Innovation
Excellence" by supporting their Innovation Plans with the Welsh
Government team of Specialists, access to expertise, consultants
and funding.
For more information on how Welsh Government innovation support
can benefit your organisation call 03000 6 03000, or visit
Innovation | Innovation (gov.wales)
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