Business
Marketing Agreement
Marketing Agreement.
About this update from Haydale Plc
[{"type":"text","content":"\n \n Haydale Graphene Industries plc \n\n (\"Haydale\" or the \"Company\") \n\n Marketing Agreement with planarTECH LLC for Asia-Pacific region \n\nHaydale Graphene Industries plc (AIM:HAYD), the Company focused on enabling\ntechnology for the commercialisation of graphene, is pleased to announce it has\nentered into a marketing agreement with planarTECH LLC. (\"planarTECH\")\n(\"Agreement\"), to accelerate the commercialisation of graphene across the\nAsia-Pacific region (\"APAC\").\n\nThe Agreement is a rolling annual contract and will focus on the marketing and\ndistribution of Haydale HDPlas® functionalised graphene nanoplatelets, inks,\nfew layered graphenes, multi-walled and single/double walled carbon nanotubes.\n\nWith over 15 years of experience in the synthesis of CNTs and graphene,\nplanarTECH has continually developed graphene process know-how and connections\nto leading research institutions in Korea, the US and Europe. They will market\nand promote Haydale's functionalised nanomaterial products to potential R&D\ncustomers and commercial partners specifically in China, Japan, Korea and\nTaiwan.\n\nA warrant agreement has been entered into between the Company and planarTECH\nwhich grants planarTECH up to 20,000 warrants to subscribe for ordinary shares\nof £ 0.02p each in the Company (\"Ordinary Shares\") at an exercise price of £\n1.60 subject to the satisfaction of certain vesting conditions relating to the\nrevenues generated by planarTECH for the Company in the period to 30 June 2015.\nThese warrants have an exercise period beginning 1 July 2015 and ending 30 June\n2018.\n\nFollowing this agreement Haydale now has 1,041,215 options and warrants\noutstanding over Ordinary Shares representing 9.26% per cent. of the Company's\ntotal issued share capital.\n\nRay Gibbs, CEO at Haydale, commented:\n\n\"The ability to fully commercialise graphenes has been a stumbling block for\nthe industry, particularly in the APAC region where the majority of patents for\ngraphene-based applications originate. planarTECH's industry knowledge and\nconnections are substantial with a track record of success in the region. This\nagreement should enable Haydale to significantly increase its presence in a\nmajor rapidly growing market. We expect this agreement to allow a greater\nnumber of potential R&D customers to test and an...