Haydale Graphene Industries plc
("Haydale" or the "Company")
Intention to Float on AIM
Haydale Graphene Industries plc, the Company focused on enabling technology for
the commercialisation of graphene, is pleased to announce its intention to seek
admission of its shares to trade on the AIM market of the London Stock Exchange
effective 14 April 2014. The fundraising will comprise a placing of shares with
institutional and professional investors.
The Company intends to use the proceeds of the IPO; to expand and broaden the
engineering, production, technical and business development teams to support
product development; to increase the capacity of graphene and other
nanomaterials that the group is able to functionalise; to increase sales and
marketing; to further enhance and develop intellectual property and know-how
with external partners and for general working capital requirements.
Overview of the Group
Haydale has developed a proprietary scalable plasma process to functionalise
graphene and other nanomaterials. Functionalisation is an essential component
in the commercialisation of graphene. Haydale plans to commercialise its
functionalisation process by providing value added solutions to both raw
material producers and industrial corporations.
Graphene is a recently discovered material which, as a single carbon lattice
layer, has outstanding thermal, mechanical and electrical properties. Graphene
is stated to have potential applications in significant markets such as battery
and energy storage, electronic devices including bio-medical sensors,
conductive inks and films plus polymer composite fillers and resins. Graphene
is formed from carbon atoms and being inherently inert, it is difficult to mix
with another material. Industry's challenge is to sympathetically functionalise
the graphene sheets and other nanomaterials without damaging them in order that
they interact with the target material to either enhance dispersion or bonding
or both, and to be able to do this on a commercial scale. Haydale believes it
has a solution to this problem.
The Company has developed a proprietary solution to this problem by taking both
mined organic fine powdered graphite and synthetically produced graphenes and
treating with the plasma process to surface functionalise the material. The
process is effective in enabling dispersion of nanomaterials and particularly
performance enhancing graphene, providing a cost effective solution for the
user. In February 2014, the National Physical Laboratory ("NPL") witnessed and
positively reported on the process. The Company's proprietary inventions are
embodied in its plasma reactors and the processes performed in them.
The Directors believe that its proprietary process provides Haydale with an
opportunity of becoming a key player in the development and commercialisation
of graphenes, graphene nanoplatelets and other nanomaterials.
Ray Gibbs, Chief Executive Officer of Haydale, commented:
"I am extremely pleased with our fund raising and admission to AIM and the time
in which we have achieved it. We have received very positive support from
private clients and our existing shareholders plus institutions with several of
them expressing a desire to support us as we continue to develop the business.
Very quickly we had sufficient commitments from institutions to ensure a
successful float.
Our admission document sets out our business strategy and details some fairly
extensive development plans for the business: significant increases in
headcount for engineering, production, technical and business development
teams; sales and marketing support and investment in our intellectual property;
collaboration projects with external partners and capex investment in a new
reactor to increase volume capability. The funds raised in our IPO will allow
us to deliver all these plans".
For further information please contact:
Haydale Graphene Industries plc 01269 842 946
John Knowles, Chairman
Ray Gibbs, Chief Executive Officer
Cairn Financial Advisers LLP (Nomad) 020 7148 7900
Tony Rawlinson
Paul Trendell
Hume Capital (Broker) 020 3693 1470
Guy Peters
Hermes Financial PR 07889 153 628
Trevor Phillips
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