Business
Everpower places initial orders for Chinese market
Everpower places initial orders for Chinese market.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 7635R Haydale Graphene Industries PLC 26 September 2017 \n\nThe information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n\n\n\n\n \n\n\n26 September 2017\n\n\n\n\n \n \nHaydale Graphene Industries plc\n(\"Haydale\" or the \"Group\")\n \nEverpower places initial orders for Chinese market\n \nHaydale (AIM: HAYD), the global advanced materials group, is pleased to announce the first commercial sales of its products to Everpower Sheng Tie (Xiamen) Graphene Technology Co., Ltd. (\"Everpower\"). The sales are for a range of Haydale's Silicon Carbide Fibres (\"SiC\") and 3D PLA masterbatch mixed with Haydale's functionalised Graphene Nano Platelets (\"Additive Manufacturing PLA\" or \"AM PLA\") for immediate delivery. Haydale believes that these sales to Everpower are strategically important as they mark Haydale's first commercial sales into China and launches the Group and its products into what is expected to be a significant marketplace for Haydale.\n \nThis SiC sale to Everpower is at commercial rates and is worth US$150,000 to the Group. This sale follows extensive customer testing of sample quantities of SiC supplied to Everpower in May 2017. Haydale's SiC products are primarily focused on industries that require improvement in product toughness, wear, scratch resistance, and overall strength. Haydale understands that Everpower is initially targeting repair and corrosion protection for pipes in the oil and gas industry. \n \nThe sale for Haydale's proprietary Additive Manufacturing PLA is for £50,000 of product and is the Group's first commercial AM PLA product sale into China. The innovative graphene enhanced AM PLA developed by Haydale, with its key attributes such as toughness and excellent layer bonding, has extensive applications from prototyping to end use products. This order from Everpower has been received in the week when Haydale is launching its expanded suite of additive manufacturing products at the TCT show in Birmingham between the 26...