(Sharecast News) - Advanced materials group Haydale Graphene said on Tuesday that it had signed contracts for the provision of services for the collaborative development of graphene and nanomaterial enhanced products for use in Dowty Propellers' products.
Haydale said it will assist Dowty in examining the feasibility and development of various material technologies for future product development.
The AIM-listed group will work with Dowty to develop erosion-resistant coatings and other potential "industry-changing technology" for the turboprop sector, as well as also developing graphene-enhanced functional inks for strain sensing using its surface engineered graphene nanomaterials.
Chief executive Keith Broadbent said: "We are really pleased that Dowty Propellers has engaged Haydale as a collaborative development partner.
"The team is ideally placed to assist with research, development and enhanced materials for evaluation and commercialisation by Dowty in their products and/or processes. I anticipate some great developments from the projects carried out."
As of 0935 BST, Haydale shares were up 2.33% at 3.95p.
Haydale (HAYD)20 May 2024 16:52
LONDON MARKET CLOSE: London gets boost thanks to rate cut hopes
(Alliance News) - Stock prices in London closed higher on Monday, with investors optimistic that interest rate cuts might be around the corner.