Haydale Graphene Industries PLC - Ammanford, Wales-based nanomaterial producer - Extends original distributor agreement with US-based Zirconia Inc to December 31, 2030 from December 31, 2023 to allow full distribution rights of CeramycGuard across all sectors in the UK. Notes with authorisation from Zirconia, it can also distribute to additional territories outside of the US. Says CeramycGuard has met all requirements of the Water Regulations Advisory Scheme, which assesses the suitability of non-metallic products for use in contact with water intended for human consumption.
"This product appears to have been well received and is in trial with water companies, including the recently announced Biwater trial. We are targeting applications across a number of industries for rejuvenation and repair of concrete assets and believe it will be a great benefit to customers with degrading concrete assets, potentially across the wider territories we now have access to. The latest WRAS compliance opens new avenues for commercialisation," says Haydale Chief Executive Keith Broadbent.
Current stock price: 8.00 pence, up 9.6% on Monday
Year-to-date change: up 84%
By Zoe Wickens; zoewickens@alliancenews.com
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Haydale (HAYD)