Consulting Agreement
Haydale Graphene Industries plc
("Haydale" or the "Company")
Consulting Agreement with The InVentures Group
Haydale Graphene Industries plc (AIM:HAYD), the Company focused on enabling
technology for the commercialisation of graphene and other nano materials, is
pleased to announce a consulting agreement with New York based The InVentures
Group ("InVentures") ("Agreement") to accelerate the commercial application of
its plasma functionalisation technology in graphene, carbon nanotubes and other
high performance nanomaterial systems.
Pursuant to the terms of the Agreement, a retainer will be paid by Haydale over
an initial 12 month period, during which time InVentures will promote Haydale's
plasma functionalisation technology to potential R&D customers and commercial
partners in Haydale's target markets of inks and coatings, composites and
energy harvesting. Further, InVentures will identify and prioritise areas of
application for Haydale's plasma based functionalisation technology and seek to
engage high profile organisations as potential strategic partners, customers
and/or licensees.
A warrant agreement has been signed between the Company and InVentures which
grants InVentures up to 60,000 warrants to subscribe for ordinary shares of £
0.02p each in the Company ("Ordinary Shares") at an exercise price of £1.60
subject to the satisfaction of certain vesting conditions relating to the
revenues generated by InVentures for the Company in the period to 30 June 2015.
These warrants have an exercise period beginning on 1 July 2015 and ending on
30 June 2018.
The total number of options and warrants now outstanding over Ordinary Shares
is 1,021,215 representing 9.1% per cent. of the Company's ordinary issued share
capital.
Ray Gibbs, CEO at Haydale, commented: "Haydale's goal is to be the premier
solutions provider in enabling commercialisation of certain nano materials such
as graphenes. Our novel functionalisation process enables the nano particles to
be uniformly dispersed in a target material. In our view, dispersion is the key
to commercialising materials like graphenes and recent third party results
demonstrate that our technology works well. This Agreement will enable Haydale
to increase significantly its market presence in North America and Canada. We
expect this Agreement to allow a greater number of potential R&D customers to
test and analyse our plasma functionalised materials for integration into their
specific products and applications."
"We are excited to be working with the outstanding team at InVentures, most of
whom have spent their careers developing, scaling, and commercialising advanced
materials and understand the challenges and opportunities. Their reputation,
relationships, and network of partners and customers combined with their
experience in overcoming the hurdles that face companies introducing new
materials into established markets is expected to serve Haydale well as we look
to expand the impact of our technology onto the global market."
Keith Blakely, Chairman and CEO of InVentures, commented: "Graphene is
unquestionably one of the most exciting material discoveries so far this
century and has astounding intrinsic properties including incredible strength,
the highest thermal and electrical conductivity known, and other
characteristics that have the potential to impact nearly every industry. We are
very excited to be working with Haydale to accelerate the process of
identifying specifically in the North American and Canadian markets the most
promising applications of their technology and materials in commercial
applications."
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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) 0207 148 7900
Tony Rawlinson
Paul Trendell
Cantor Fitzgerald Europe (Joint Broker) 020 7894 7000
David Foreman
Paul Jewell
Hume Capital Securities plc (Joint Broker) 020 3693 1470
Guy Peters
David Lawman
Hermes Financial PR
Trevor Phillips 07889 153 628
Chris Steele 07979 604 687
About Haydale
Haydale has developed a patent pending proprietary scalable plasma process to
functionalise graphene and other nanomaterials. This enabling technology can
provide Haydale with a rapid and highly cost efficient method of supplying
tailored solutions to enhance applications for both raw material suppliers and
product manufacturers.
Functionalisation is carried out through a low pressure plasma process that
treats both organic mined fine powder and other synthetically produced
nanomaterial powders producing high quality few layered graphenes and graphene
nano platelets. The process can functionalise with a range of chemical groups,
where the amount of chemicals can be tailored to the customer needs. Good
dispersion improves the properties and performance of the host material and
ensures it delivers as specified.
The Haydale plasma process does not use wet chemistry, neither does it damage
the material being processed, rather it can clean up impurities inherent in the
raw material. The technology is a low energy user and most importantly
environmentally friendly. The Haydale method is an enabling technology where
working with a raw material producer can add value to the base product and
tailor the outputs to meet the target applications of the end user.
Haydale, based in South Wales, housed in a purpose built facility for
processing and handling nanomaterials with a laboratory facility, is
facilitating the application of graphenes and other nanomaterials in fields
such as inks, sensors, energy storage, photovoltaics, composites, paints and
coatings.
www.haydale.com
About The InVentures Group
The InVentures Group delivers strategic forward thinking and mentoring to
start-up and established companies. They specialise in high technology
companies, products and services with an emphasis on assisting in the complex
and highly challenging task of bringing new product ideas and technology to
market. InVentures are specialists in bringing new technologies to the North
American market and instrumental in the formation of the Graphene Stakeholders
Association (GSA) in 2012,
For more information, visit www.theinventuresgroup.com