Haydale Regulatory News (HAYD)

Haydale Graphene Industries plc

('Haydale' or the 'Group')

Haydale Awarded Funding to Develop Airbus Approved Space Technology

Haydale, (AIM: HAYD), the global advanced materials group, has been awarded a contract by the European Space Agency (ESA), which is seeking to develop non-metallic gas tanks for spacecraft propulsion systems in a. technology de-risking project.

The demand for small satellite launches has created a challenge within the existing space propulsion supply chain for low-cost reliable components. With the constellation market set to increase rapidly, the development of components that meet these criteria is critical. Haydale's non-metallic system offers a low-cost alternative with reduced lead time that can be offered in a wider range of configurations to exactly suit the end user requirement.

Haydale will formulate and model a largely de-risked tank, prior to the manufacture of development models for full testing. This will result in the qualification for specific Spacecraft Propulsion Systems.

Prominent producers of Satellite technology have been identified and are engaged in developing the specification and tank design for eventual manufacture and deployment. 

Haydale will be working alongside ISP International Space Propulsion Ltd through ESA ARTES Competitiveness & Growth, in conjunction with UK Space Agency.

Keith Broadbent, CEO, Haydale, said: "This funding will allow Haydale to develop existing knowledge in the space industry and we look forward to developing the technology alongside our partners. We are pleased to have gained the support of the Airbus DS Tank Product Group who are interested in the development of competitive non-conventional pressure vessel products, and can provide clear design drivers thanks to their invaluable expertise. With the UK space market growing, Haydale is delighted to be part of this progression."

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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. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from six sites in the UK, USA and the Far East.

For more information please visit: www.haydale.com 

Twitter: @haydalegraphene