Haydale Graphene Industries PLC (LON:HAYD) said it has moved to phase 2 of its collaboration with Thai petrochemicals giant IRPC.
The pair are working to develop transparent graphene and functionalised acetylene black conductive inks for tracking and communications technologies such as RFID and NFC and “related applications”.
Under the agreement, IRPC will pay an upfront fee to Haydale following the signing of the contract, with a second payment following the submission of the final report.
"It is great to see this collaboration progress to phase 2,” said Haydale chief executive Keith Broadbent.
“Our development in the area of RFID antenna is gaining real traction globally and making significant steps towards commercialisation. The RFID marketing is an ideal opportunity for Haydale's unique solution."
The advanced materials specialist said the RFID printer market is expected to reach around US$ 4.8bn by the end of 2023.