Business
New Contract Signed
Haydale plc has secured an exclusive multi-year framework agreement with Wave Utilities, the largest business water retailer in England, significantly expanding its SaveMoneyCutCarbon (SMCC) platform. This agreement, which builds on an existing three-year schools programme, appoints SMCC as Wave's exclusive external delivery partner for water efficiency audits and grants right of first refusal on funded projects, embedding SMCC in Wave's national rollout. The deal is projected to generate at least £1.0 million in annual recurring revenue, with an additional pipeline of opportunities valued at approximately £5.7 million over the medium term, and also opens avenues for delivering broader energy-efficiency solutions. Disclaimer*
About this update from Haydale Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 (AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). Haydale plc ("Haydale", the "Company" or the "Group") New Contract Signed Wave partnership expands to exclusive multi-year framework with embedded national rollout Haydale (AIM: HAYD), the advanced materials and clean-technology group, provides a commercial update on the expansion of its SaveMoneyCutCarbon ("SMCC") platform through a multi-year framework agreement and exclusivity arrangement with Wave Utilities ("Wave") (the "Agreement"). Wave is the largest business water retailer in England by water volume, serving over 300,000 business customers. It is a joint venture between Anglian Water and Northumbrian Water. This Agreement reflects the continued growth of SMCC's water efficiency business unit, materially increasing the scale, visibility and repeatability of revenue generation within the SMCC platform. Contract expansion and exclusivity The existing partnership is anchored by a three-year schools programme, which commenced in 2025. Delivery to date has validated both the commercial and operational model. Through the new Agreement, SMCC and Wave have now agreed terms to expand the partnership, with SMCC delivering water efficiency programmes across Wave's commercial and public sector customer base. As part of this Agreement, SMCC has been appointed as Wave's exclusive external delivery partner for water efficiency audits and has secured right of first refusal on the delivery of funded water efficiency projects, embedding SMCC within Wave's national rollout. The Agreement is expected to generate at least £1.0m of recurring programme-based revenue annually, with a broader pipeline of identified opportunities currently valued at approximately £5.7m over the medium term. The programme is structured to drive high conversion from audit to deployment, underpinning revenue visibility and repeatable delivery across Wave's customer base. In addition, the partnership provides SMCC with direct access to a large base of commercial and public sector sites, creating opportunities to deliver a broader range of energy-efficiency solutions, including JustHeat, renewables and EV infrastructure. From Contract to Platform The Wave Agreement i...