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Haydale Graphene to use tech hothouse for North American push

Published: 17:33 17 Jul 2014 AEST

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Haydale Graphene Industries (LON:HAYD) has taken on New York-based The InVentures Group to develop and promote the commercial uses of graphene and other nano material systems.

InVentures will target potential R&D customers and commercial partners in the inks and coatings and composites business for Haydale and also proritise areas for its plasma-based functionalisation technology.

In addition to a fee, InVentures has been granted warrants at £1.60 related to the revenues it generates that will give it up to a 9.1% stake in Haydale.

Ray Gibbs, Haydale’s chief executive, said: "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."

Keith Blakely, InVentures’ chairman and chief executive, said: "Graphene is unquestionably one of the most exciting material discoveries so far this century.

“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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