Haydale Graphene Industries PLC Launch of Taiwan operations (4483N)
August 09 2017 - 2:00AM
UK Regulatory
TIDMHAYD
RNS Number : 4483N
Haydale Graphene Industries PLC
09 August 2017
The 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.
For immediate release 9 August 2017
Haydale Graphene Industries plc
('Haydale' or the 'Group')
Launch of Taiwan operations
Haydale (AIM:HAYD), the global advanced materials group, is
pleased to announce the launch of its Taiwan operations, Haydale
Technologies (Taiwan) Co., Ltd., ('HTW'), which will operate as a
dedicated producer and sales outlet of graphene-based conductive
inks and pastes, including other functional and specialty inks and
pastes.
Located in Kaohsiung, Southern Taiwan, HTW has largely completed
the set-up of its own dedicated ink production facility to meet its
anticipated demand. Haydale has been working in Taiwan for more
than 18 months, having determined in late 2015 that the region's
focus on functional inks and pastes could provide an important
route to market for Haydale's tailored graphene-based materials.
The work involved market assessments, in-country technical
capability, ability to gain regulatory approvals and gaining a deep
understanding of the targeted print customers' needs.
Haydale's proprietary graphene-based pastes have been developed
in the Far East focussed on the Self-Monitoring Blood Glucose
('SMBG') device market. To date Haydale's inks have been
incorporated into test products with several Taiwan-based printing
customers who have been progressing regulatory approval for sales
of their diagnostic products incorporating Haydale inks into the US
and EU markets. Although Haydale has no current visibility on order
quantities, the Group anticipates that sales of its tailored
graphene-based paste to these customers will commence during the
2017 calendar year.
Traditionally, highly conductive inks and pastes have been
dominated by metal-based inks incorporating silver and copper.
Whilst graphene is not expected to completely replace the
conductive properties of silver-based inks, provided it meets
acceptable printer specifications, graphene offers many advantages
such as recyclability, lower unit costs and the fact that the
material is not susceptible to volatile market price movements.
A key reason for Haydale targeting the SMBG sector opportunity
is that, according to market research firm Research & Markets,
the SMBG device market is expected to grow to over US$16 billion by
2020 as the incidence of diabetes is increasing dramatically, with
more than 640 million sufferers estimated worldwide by 2040(1)
.
Commenting on the opening of HTW, Ray Gibbs, CEO of Haydale,
said:
"The development of our graphene-based inks has been focused on
the screen printing market for over three years, which started with
Haydale being awarded an Innovate UK grant for the production of
ink for the self-monitoring blood glucose device market. Three
years later we have expectations on securing sales this calendar
year and the necessary FDA and regulatory approvals through
dedicated printers such that we were confident to open a operation
facility in Taiwan to service our collaboration partners' needs.
The biomedical sensor market is massive and we consider that the
Far East has a significant portion of this growing sector. I look
forward to making more announcements on progress in ink sales over
the coming months."
(1.)
(Source:https://www.researchandmarkets.com/research/vhwlsj/blood_glucose).
- Ends -
For further information:
Haydale Graphene Industries
plc
Ray Gibbs, Chief Executive Tel: +44 (0) 1269 842
Officer 946
Matt Wood, Finance Director www.haydale.com
Trevor Phillips, Head
of Communications
Cairn Financial Advisers
LLP (Nominated Adviser)
Tony Rawlinson / Emma Tel: +44 (0) 20 7213
Earl 0880
Cantor Fitzgerald Europe
(Broker)
David Foreman / Will Goode Tel: +44 (0) 20 7894
(Corporate Finance) 7000
Mark Westcott / Alex Pollen
(Sales)
Media enquiries:
Buchanan
Henry Harrison-Topham / Tel: +44 (0) 20 7466
Jamie Hooper 5000
haydale@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Haydale is a global technologies and advanced materials group
that facilitates the integration of nanomaterials into the next
generation of commercial technologies and industrial materials.
With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA, Japan, Australia and China and operates from six
facilities in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Twitter: @haydalegraphene
This information is provided by RNS
The company news service from the London Stock Exchange
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