Business
Joint Development and Supply Agreement
Joint Development and Supply Agreement.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 4341U Haydale Graphene Industries PLC 07 April 2016 \n\n \nHaydale Graphene Industries plc\n \n(\"Haydale\" or the \"Group\")\n \nJoint Development and Supply Agreement for the Production of screen printable ink aimed at the sensor market.\n \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 an agreement with Taiwan based Dowton Electronic Materials Co., Ltd., (\"Dowton\") for the development, production, sales and marketing of a Haydale-branded graphene enhanced screen printable ink which will be aimed initially at the biomedical market (\"the Agreement\").\n \nThe Agreement\n \nHaydale has worked with Dowton to create a range of graphene enhanced screen printable inks and pastes that can be rapidly altered to precisely suit customer needs. In the Agreement, Haydale will retain the exclusive rights to sell the developed inks into Europe, the Americas, Korea and Southeast Asia, whilst Dowton will have exclusive rights to sell the developed inks in their home market of The Republic of China (Taiwan) and also market the ink to existing customers in Japan and other territories. Dowton has existing customer demand for conductive inks incorporating both carbon and metals (such as Palladium, Silver Copper, and Nickel), and will continue to sell existing products under its own Dowton brand.\n \nThe Agreement is for an initial term of 5 years with automatic renewal thereafter subject to a 6 months termination clause. Production quantities for commercial applications are anticipated in 2016 with leads already under evaluation.\n \nCommenting, Ray Gibbs Haydale CEO said:\n \n\"Working with Dowton has been enlightening in that they get things completed quickly with minimum fuss. Their technical expertise is outstanding along with production facilities and equipment. They have helped us to, quickly, produce an excellent base conductive ink (or as they describe it a paste) that has been built on our existing product. The developed paste is specifically designed for the screen printing of bio medical sensors, which is a substantial market, especially in the Far East. Even after 15 years of industry experience Dowton has expressed to us how...