Haydale Graphene Industries plc (“Haydale”, the “Group” or the “Company”). Acquisition of Rights to New Invention and Grant of Warrants.
Haydale Graphene Industries plc (AIM: HAYD), the Group focused on enabling technology for the commercialisation of graphene and other nano materials, has announced it is exercising its rights under its existing pipeline agreement with Swansea University and Swansea Innovation Limited (together “Swansea”) (the “Pipeline Agreement”) to acquire a new invention (the “new invention”).
The new invention relates to heatable articles, in particular clothing and bedding, incorporating carbon nanomaterial-based heaters. The flexibility, compact construction and thermal performance of the heaters means that the technology is envisaged as being of particular relevance to high performance garments for elite sports applications.
Ray Gibbs, CEO at Haydale, said: “I am pleased to announce this second invention acquired from Swansea under the Pipeline Agreement. As previously stated, our strategy is to work with experts in our chosen market sectors to rapidly develop commercial products using our HDPlas™ functionalisation process.
“This announcement demonstrates that this strategy is working and we are optimistic that the new invention will further enhance Haydale’s commercial opportunities in the application of graphene and carbon nano-materials.”
Dr Gerry Ronan, Head of IP Commercialisation for Swansea University added: “We are delighted with how successful the Pipeline Agreement with Haydale Graphene Industries plc has become in such a short space of time. By incentivising all parties involved in research conducted at Swansea University we are now seeing the development of potentially commercially viable technologies from graphene.
“This partnership has been cemented with another patent application for a technology that we believe has huge commercial potential with multiple applications across many industries.”
- Wednesday 3 February 2016 00.00 GMT
- Thursday 11 February 2016 11.39 GMT
- Swansea University, Tel: 01792 295050