Haydale Plc Regulatory News (HAYD)

Haydale Graphene Industries plc

('Haydale' or the 'Group')

Haydale Awarded Feasibility Study to Support Future of Green Automotive Manufacturing

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to announce that it has been awarded funding of £138,549 to develop hydrogen fuel cell tanks by the Advanced Propulsion Centre (APC).

To support the future of green automotive manufacturing and accelerate the UK's transition to net- zero emission vehicles, the Advanced Propulsion Centre (APC) has guided £9.4 million in public funding to 22 feasibility studies looking to scale up the industrialisation of low-carbon emission vehicle technologies.

In the second round of funding, awarded as part of the APC's Automotive Transformation Fund (ATF), the 22 studies will explore the feasibility of UK-based battery production, the development of motors & drives and fuel cell technologies, as well as recycling solutions.

Storing hydrogen requires high-strength durable containers for safe operation in vehicles. This project will assess the suitability of Haydale Composites Solutions' promising lightweight, low-permeability storage tank, which could help to unlock the pathway to hydrogen propulsion. Under its feasibility study, 'ATF: moving the UK automotive sector to zero emissions', Haydale's functionalised graphene enhanced materials will be used to decrease manufacturing time and rejection rate, as well as to provide uplifts to permeability, toughness, and impact resistance.

Keith Broadbent, Haydale CEO, added: "We see hydrogen tank development as a key technology area going forward. Following commercially focused research and development in this area, we continue to advance our functionalisation process to help create high-strength durable hydrogen tanks."

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Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness through its state-of-the-art functionalisation. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.

For more information please visit: www.haydale.com 

Twitter: @haydalegraphene 

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