LONDON (Alliance News) - Haydale Graphene Industries PLC Monday said it has agreed to a marketing deal with planarTECH LLC to accelerate the commercialisation of graphene across the Asia-Pacific region.
In a statement, Haydale said the agreement is a rolling annual contract that will focus on its functionalised graphene nanoplatelets, inks, few-layered graphenes, and multi-walled and single/double walled carbon nanotubes.
An agreement also has been made that grants planarTECH up to 20,000 warrants to subscribe for shares of Haydale Graphene at an exercise price of 160 pence, subject to certain vesting conditions around revenue generated by planarTECH for Haydale up to June 30, 2015. The warrants have an exercise period beginning on July 1 2015 and ending June 30 2018.
Haydale shares were Monday quoted up 2.2% at 116.76 pence.
"This agreement should enable Haydale to significantly increase its presence in a major rapidly growing market. 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," Chief Executive Ray Gibbs said in a statement.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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