logo-loader
RNS
Haydale Graphene Inds PLC

Haydale Graphene Ind - Collaboration agreement with ProMake Limited

RNS Number : 8308E
Haydale Graphene Industries PLC
12 July 2021
 

 

REACH

 

For immediate release

12 July 2021

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Haydale signs a collaboration agreement to be the manufacturing and exclusive nano materials partner to ProMake Limited.

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to announce that further to a memorandum of understanding signed on 11 November 2020, it has now signed a Collaboration Agreement with ProMake Limited ("ProMake") with respect to the fulfilment of Promake's commitments under the Public Health England ("PHE") National Microbiology Framework.

In line with the UK Government's aim to supply fast turnaround tests in its fight against Covid-19, PHE announced a new National Microbiology Framework in November 2020.   There were four discrete lots within this framework and ProMake tendered for Lot 2 and Lot 4.

Lot 2

Lot 2 consisted of the development of goods and services mainly for research and development, experimentation and study. PHE announced on 23 April 2021 that ProMake was one of 69 successful bidders.  ProMake is to further develop their prototype BioPod testing device to provide an immediate PCR test result for Covid-19 and other diseases.  The multi-use device will utilise graphene and other nano materials within its electronic testing system. 

Lot 4

The aim of Lot 4 was to ensure that there is consistent and affordable provision of high quality, safe and compliant testing services which can be delivered efficiently and effectively to support wider clinical services.

PHE announced on the 21 April 2021 that ProMake was one of 50 successful bidders, with their PreVent testing device that allows users to exhale onto a capture unit that is set within a test chamber. The prototype device collects a higher level of viral load, is less invasive than mainstream testing methods and should reduce clinical laboratory testing time and cost.

The collaboration agreement is for Haydale to be the exclusive supplier of the graphene and other nano materials required for the effective functioning of the Lot 2 BioPod device and sets out Haydale's responsibility for the manufacturing supply of several elements of the Lot 4 PreVent testing device.

The Haydale Board considers that it is premature to provide any guidance as to the timing or value to Haydale of this collaboration, but anticipates being able to give a more detailed update over the coming months.

Jason Laing, Co-Founder and CEO at ProMake, said: "We are grateful for the support that Haydale has given us in our successful tender process, and we look forward to working with Haydale to deliver a cost efficient and effective testing service to support the UK Government's fight against Covid-19".

Gavin Leggott, Co-founder and COO at ProMake, said: "We are working with Haydale on a number of projects.  We value their technical advice and project management experience, and they are a vital partner in the consortia that we have put together to deliver on these exciting projects".

Keith Broadbent, Haydale CEO, said: "It has been a privilege to work with such innovative thinkers as Jason and Gavin.  The opportunity to assist in the fight against Covid-19 is one that we are keen to be involved in".

 

- Ends -

 

For further information:

Haydale Graphene Industries plc

 

Keith Broadbent, CEO

Tel: +44 (0) 1269 842 946

 

 

Arden Partners plc (Nominated Adviser & Broker)

 

Ruari McGirr / Paul Shackleton / Oscair McGrath

Tel: +44 (0) 20 7614 5900

 

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of graphene and other 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 through its state of the art functionalisation.  Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.

For more information please visit: www.haydale.com 

Twitter: @haydalegraphene 

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRADKLFBFDLBBBB
NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...

FOR OUR FULL DISCLAIMER CLICK HERE

5 min read