Haydale Plc Regulatory News (HAYD)

Haydale Graphene Industries plc

('Haydale' or the 'Group')

Haydale and Viritech Continue to Work Together on the Future of Hydrogen PowerUsing Nanomaterials

Building on the Memorandum of Understanding (MOU) signed with Viritech Limited ("Viritech") in September 2021, Haydale, (AIM: HAYD), the global advanced materials group, is pleased to announce the next phase with the cleantech engineering company to develop nano-enhanced epoxy resins for hydrogen storage vessels. The £97,750 Storage of Hydrogen and Nanomaterial Enhancement ('SHYNE') project will run for an initial period of seven months, starting in March.

Haydale will focus on the design and development of new materials and resins based on functionalised graphene using its patented HDPlas technology intended for use in Type V hydrogen storage tanks. The resin can act as a permeation barrier for the storage vessel, but the functionalised graphene also potentially offers greatly enhanced mechanical properties including impact and interlaminar sheer to improve the overall performance of the vessel.

The Type V design aims to deliver further weight savings for applications in hyper car and heavy goods road vehicles. The seven-month SHYNE project will focus on advanced materials technology and methodology with the aim of bringing nano-enhanced epoxy into the hydrogen storage market.

Keith Broadbent, Haydale CEO, said: "We are delighted to continue our work with Viritech and, together, be leading the way with ground-breaking hydrogen pressure vessel designs. The use of graphene-enhanced materials offers great weight saving properties and through functionalisation and advanced materials technology their use in automotive and aerospace applications is expected to speed up exponentially through this programme of work."

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For further information:

Haydale Graphene Industries plc

Keith Broadbent, CEO Tel: +44 (0) 1269 842946

Sarah Thomas, Marketing Manager Tel: +44 (0) 1269 507026

finnCap (Nominated Adviser & Broker)

Julian Blunt / Edward Whiley, Corporate Finance Tel: +44 (0) 20 7220 0500

Andrew Burdis, ECM

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 can 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

LinkedIn: Haydale-ltdTwitter: @haydalegraphene

About Viritech Limited

Viritech is a cleantech engineering company, based at the Horiba-MIRA automotive R&D facility in Nuneaton, with a mission to become the world's leading developer of hydrogen powertrain solutions for the automotive, aerospace, marine & distributed power industries. For more information please visit: www.viritech.co.uk

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