iCraft Order and Global Exclusivity Contract

RNS Number : 4026Y

Haydale Graphene Industries PLC

09 September 2020

 

RNS REACH
For immediate release	9 September 2020

Haydale Graphene Industries plc

('Haydale' or the 'Group')

iCraft Place Order for Haydale Graphene Nano-Platelets and Sign Global Exclusivity Contract

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to announce that, further to the announcement on 4^th March 2020 regarding its graphene nano-platelets having been incorporated into iCraft's cosmetic face mask sheet; a contract is now in place for 1 metric tonne of graphene nano-platelets (GNP-02-STD) in the first year, 2 metric tonnes in the second year, and three metric tonnes in the third year. This is an exclusive agreement for the mask application within the APAC region, excluding Thailand.

Haydale has now signed a worldwide exclusivity contract to supply functionalised graphene nano-platelets for use in these sheet masks are face-shaped sheet fabrics which utilise the thermal and electrical conductivity of graphene to help the skin absorb its contents through bioelectric currents.

iCraft, based in South Korea, is a global technology company with interests in security and network solutions as well as the health and beauty sector. Following intense research and rigorous testing, iCraft is pleased to report zero harmful substances for graphene-based products, and has applied for three related patents.

Derek Yoon, iCraft, General Manager, said: "We value our relationship with Haydale. Through a steady relationship for more than a year, Graphene products have been successfully launched in the Korean market. Currently, our Graphene cosmetic face mask is being supplied to a famous domestic cosmetic company. Our Graphene sheet mask is also known as Korean cosmetics are popular abroad, especially in Asia cosmetic market. As sales volume is expected to increase steadily in the future, the partnership with Haydale will be more important. We look forward to Haydale and iCRAFT growing together."

Keith Broadbent, Haydale CEO, said: "We are pleased to see the contract with iCraft develop, with further materials being used in the health and beauty sector. Through this exclusivity contract, we expect to see these cosmetic face mask sheets commercialise globally."

- Ends -

For further information:

Haydale Graphene Industries plc
Keith Broadbent, CEO	Tel: [phone]
Gemma Smith, Global Head of Marketing	www.haydale.com
Arden Partners plc (Nominated Adviser & Broker)
Ruari McGirr / Paul Shackleton / Ben Cryer	Tel: [phone]

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 

iCraft is a KOSDAQ listed company whose primary business designs, develops, and provides internet network integration products. iCRAFT also develops innovative products in wider sectors such as health and beauty.

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