Business
Agreement with Flowtite Technology AS
Agreement with Flowtite Technology AS.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 3299Z Haydale Graphene Industries PLC 26 May 2016 \n\nHaydale Graphene Industries plc\n \n(\"Haydale\" or the \"Group\")\n \nHaydale Plc and Flowtite Technology AS to create next generation GRP pipe products\n \nHaydale Graphene Industries plc (AIM: HAYD), the Group focused on enabling technology for the commercialisation of graphene and other nano materials, is pleased to announce a new joint development agreement (\"JDA\") to develop class-leading pipeline solutions utilising advanced materials technology including Haydale functionalised graphene based thermosetting resin masterbatches.\n \nFlowtite Technology AS is the wholly owned GRP Pipe technology and R&D Centre of The Saudi Arabian Amiantit Company (\"Amiantit\") the world's largest glass fibre reinforced plastic (\"GRP\") pipe company which has to date delivered over 6 million metres of pipe across five continents. The company has annual revenues in excess of USD$700 million, and is a leading global supplier of water transport, sewer, irrigation and gas systems.\n \nA joint research programme is now underway between Haydale and Flowtite Technology, Amiantit's R&D headquarters based in Norway.\n \nUnder the terms of the two year agreement Haydale will, assuming a successful outcome from the initial trial, grant Amiantit exclusive worldwide rights to develop its unique technology in next generation GRP pipe systems for water and sewerage applications.\n \nRay Gibbs, CEO of Haydale said:\n \n\"We are delighted to be working with Amiantit, the global leader and leading innovator in its sector. This is a very significant market internationally and we couldn't hope for a better partner to validate our technology and create superior pipes for the water and sewerage industry.\"\n \nNick Crofts, Managing Director of Amiantit Europe added:\n \n\"Amiantit is always seeking to increase customer value through superior design, technology and quality. We focus on enhancing the hydraulic, mechanical, thermal and electrical properties of our pipelines. Haydale brings proprietary materials technology including functionalised graphene and carbon nanotubes. These materials have already demonstrated significant performance benefits within composite materials.\"\n \n \n- Ends -\n \nFor...