RCS - Haydale Graphene Ind - Contract for underfloor heating pilot in Jersey

Haydale Graphene IndustriesAnnouncement

02/09/2024 07:00

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RNS Number : 3681C  Haydale Graphene Industries PLC  02 September 2024

REACH

Haydale Graphene Industries plc

('Haydale', the 'Company', or the 'Group')

 

Contract for underfloor heating pilot in Jersey

 

First real-world installation of Haydale's underfloor own-product solution
using graphene-based conductive inks

 

Innovative efficiency, flexibility and durability performance improvements

 

Haydale (AIM: HAYD), a leader in advanced materials and nanotechnology
innovation, announces that it has signed a contract with Jersey Energy
Technologies Limited ("JET"), a start-up company focussed on providing energy
efficiency solutions across the Channel Islands, to begin a pilot trial
deploying Haydale's innovative underfloor heaters within social housing in
Jersey.

 

Haydale's underfloor heating system utilises the Company's proprietary
HDPlas(TM) functionalisation technology to unlock the high-level thermal
conductivity properties of advanced material, graphene. Data gathered from
Haydale's in-house prototype systems have shown up to 30% lower operating cost
for their functionalised graphene ink underfloor heating compared to standard
wired systems running off mains power. In test conditions, the heaters, which
can be uniformly and individually heated, have also shown improvements in
flexibility, and durability; reaching maximum temperatures quickly. This
presents a potential commercial solution to meet the demand for improved
energy efficiency, reducing heating costs for residents without trade off.

 

The first real-world installation of Haydale's product is planned to take
place with JET later this year. The pilot trial will gather information over
the winter period to support the efficacy and efficiency data already
generated from Haydale's in-house testing with results expected in the new
year.

 

Under the agreement, JET has agreed to pay for exclusive access to distribute
the underfloor heating product within the Channel Islands on a commercial
basis. If the trial is successful, it is envisaged that this environmentally
friendly underfloor heating system will be rolled out in phases to selected
homes and buildings.

 

Keith Broadbent, CEO of Haydale, said: "We are thrilled to collaborate with
JET on this project which demonstrates our ability to use our plasma
functionalisation technology platform to develop our own IP protected products
for commercialisation, and this collaboration is a testament to our commitment
to innovation and sustainability.

 

"Our underfloor heating system not only provides superior comfort but also
represents a potentially significant step forward in reducing environmental
impact and energy costs. This innovative solution leverages advanced
technology to provide consistent, comfortable warmth, looking to ensure that
each home remains cozy throughout the year without the excessive energy
consumption typically associated with traditional heating systems."

 

George Eves, Founder of JET, said: "The adoption of Haydale's advanced
underfloor heating technology aligns perfectly with our mission to provide
high-quality, sustainable living solutions to the residents of the Channel
Islands. We are excited to offer this cutting-edge heating solution and over
time - we will look to roll the products out in the new build and retrofit
projects underway with our development partner, improving the quality of life
for our residents and setting a new standard for social housing."

 

For further information:

 

 Haydale Graphene Industries plc               www.haydale.com (http://www.haydale.com)
 Keith Broadbent, CEO                          Via Walbrook PR as below
 Patrick Carter, CFO
 Mark Bolt, Sales & Marketing Manager

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)                    Tel: +44 (0)20 7220 0500
 Julian Blunt / Edward Whiley, Corporate Finance
 Andrew Burdis, ECM

 Walbrook PR (Media & Investor Relations)      Tel: +44 (0)20 7933 8780 or haydale@walbrookpr.com
                                               (mailto:haydale@walbrookpr.com)
 Paul McManus / Joseph Walker                  Mob: +44 (0)7980 541 893 / +44 (0)7407 020 470
 Nick Rome / Louisa Ansell                     Mob: +44 (0)7748 325 236 / +44 (0)7788 151 967

 

Notes to Editors:

 

About Haydale

Haydale is a global technologies group and service provider that facilitates
the integration of graphene and other nanomaterials into the next generation
of industrial materials and commercial technologies.  With expertise in
graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver
improvements in electrical, thermal and mechanical properties.  Haydale has
been 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 (http://www.haydale.com) or Twitter:
@haydalegraphene

 

About JET

JET is a NewCo set up by Jersey based entrepreneurs to partner with the
Island's network of support agencies helping improve the energy dependency
situation. With a team of advisors, industry experts and housing installation
teams, JET will oversee the roll out of the new innovation upon final testing
and certification. JET is also partnering with other providers of innovative
building products to assist the Island's drive towards energy independence.
For more information please visit: jerseyenergytech.com
(https://jerseyenergytech.com/)

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the
negative of those, variations or comparable expressions, including references
to assumptions.  These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations, performance,
future capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business prospects and
opportunities.  Such forward looking statements reflect the Directors'
current beliefs and assumptions and are based on information currently
available to the Directors.

 

A number of factors could cause actual results to differ materially from the
results discussed in the forward-looking statements including risks associated
with vulnerability to general economic and business conditions, competition,
environmental and other regulatory changes, actions by governmental
authorities, the availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which are beyond
the control of the Company.  Although any forward looking statements
contained in this announcement are based upon what the Directors believe to be
reasonable assumptions, the Company cannot assure investors that actual
results will be consistent with such forward looking statements.
Accordingly, readers are cautioned not to place undue reliance on forward
looking statements.  Subject to any continuing obligations under applicable
law or any relevant AIM Rule requirements, in providing this information the
Company does not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in events,
conditions or circumstances on which any such statement is based.

 

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