Business
Half Yearly Report
Half Yearly Report.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 8246S Haydale Graphene Industries PLC 22 March 2016 \n\n \n \n22 March 2016\n \nHaydale Graphene Industries plc \n(\"Haydale\", the \"Company\", or the \"Group\")\n \nHalf Yearly Report for the six months ended 31 December 2015\n \nHaydale (AIM: HAYD), the Group focused on the commercialisation of graphene and other nano materials using their proprietary plasma process, announces its unaudited interim results for the six months ended 31 December 2015. \n \nOperational Highlights\n \n· Announcement of collaboration agreements with major, world leading resin companies including Huntsman Advanced Materials. The agreements specified a joint development of \"graphene\" enhanced resins such as Huntsman's market leader epoxy resin ARALDITE® in key composite markets, focussing initially on electrical and thermal conductivity;\n \n· Confirmation of granted patent by the European Patent Office of the Haydale Plasma functionalisation process for carbon and other nano particles;\n \n· Delivery, commissioning and installation of a HT60 R&D reactor to UK based, Centre of Process and Innovation (\"CPI\");\n \n· Grant funded development projects totally over £450,000 secured, including UV visible bruisable composites and hydrogen pressure vessels for hydrogen powered fuel cell vehicles; and\n \n· Successfully secured two collaborative 18 month research projects managed by the National Aerospace Technology Exploitation Programme (\"NATEP\") for aircraft lightning strike protection utilising graphene enhanced composites, and conductive adhesives. These projects are being managed by Haydale's recently formed Aerospace and Defence division.\n \nFinancial Highlights\n \n· Total income up 63% year-on-year to £0.8 million (2014: £0.5 million);\n \n· Significant investment in R&D in period of £0.5 million (2014: £0.4 million), particularly in respect of graphene enhanced resins for the composite markets;\n \n· Total loss after tax for the period of £1.9 million (2014: £1.5 million);\n \n· Completion of significantly oversubscribed placing and open offer raising £6.0 mil...