LONDON (Alliance News) - Haydale Graphene Industries PLC said Thursday it has inked a deal to supply an HT60 R&D reactor to the Centre for Process and Innovation, and to provide training and technical support to the centre.
The deal will produce initial revenue of GBP170,000 for Haydale, which it expects to recognise over the next year. The reactor is expected to be fully operational by October 2015.
"We are delighted to supply a unit where the installation of this new reactor will instantly expand our own R&D reach and rapidly increase the number of potential customers able to test Haydale's functionalised materials for their own specific needs," said Chief Executive Officer Ray Gibbs in a statement.
Shares in Haydale are trading up 1.1% at 126.40 pence late Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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