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Funding Awarded to Develop Airbus Space Technology

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RNS Number : 0996L
Haydale Graphene Industries PLC
04 September 2019
 

 

For immediate release

04 September 2019

 

 

Haydale Graphene Industries plc

 

('Haydale' or the 'Group')

 

Haydale Awarded Funding to Develop Airbus Approved Space Technology

Haydale, (AIM: HAYD), the global advanced materials group, has been awarded a contract by the European Space Agency (ESA), which is seeking to develop non-metallic gas tanks for spacecraft propulsion systems in a. technology de-risking project.

The demand for small satellite launches has created a challenge within the existing space propulsion supply chain for low-cost reliable components. With the constellation market set to increase rapidly, the development of components that meet these criteria is critical. Haydale's non-metallic system offers a low-cost alternative with reduced lead time that can be offered in a wider range of configurations to exactly suit the end user requirement.

Haydale will formulate and model a largely de-risked tank, prior to the manufacture of development models for full testing. This will result in the qualification for specific Spacecraft Propulsion Systems.

Prominent producers of Satellite technology have been identified and are engaged in developing the specification and tank design for eventual manufacture and deployment. 

Haydale will be working alongside ISP International Space Propulsion Ltd through ESA ARTES Competitiveness & Growth, in conjunction with UK Space Agency.

Keith Broadbent, CEO, Haydale, said: "This funding will allow Haydale to develop existing knowledge in the space industry and we look forward to developing the technology alongside our partners. We are pleased to have gained the support of the Airbus DS Tank Product Group who are interested in the development of competitive non-conventional pressure vessel products, and can provide clear design drivers thanks to their invaluable expertise. With the UK space market growing, Haydale is delighted to be part of this progression."

 

- Ends -

 

 

 



 

For further information:

Haydale Graphene Industries plc

 

Keith Broadbent, CEO

Tel: +44 (0) 1269 842 946

Gemma Smith, Global Head of Marketing

www.haydale.com 

 

 

Arden Partners plc (Nominated Adviser & Broker)

 

Ruari McGirr / Paul Shackleton / Ben Cryer

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.  Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from six sites 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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