Haydale Graphene Industries produces and supplies graphene GNPs and graphene-based products. Haydale developed a patented proprietary scalable plasma process to functionalize graphene and other nanomaterials.
The company does not produce the basic graphene material, but functionzalizes it. Haydale is a public company that trades at the AIM (AIM:HAYD).
Clos Fferws, Parc Hendre, Capel Hendre
Ammanford
SA18 3BL
United Kingdom
Haydale concludes auction of U.S subsidiary
Haydale Graphene Industries has announced the conclusion of the auction process for its subsidiary, Haydale Ceramic Technologies LLC, which was placed into Chapter 11 bankruptcy to stop cash flow drain and maximize shareholder value.
Despite initial interest, geopolitical tensions and trade issues affected the auction, resulting in a sale to Greenleaf Corporation for approximately $680,000. The outcome aligns with Haydale’s strategy to reduce overhead costs and improve profitability, ensuring the protection of its core business.
Haydale’s geaphene-based heating System achieves CE certification for EU market
Haydale Graphene Industries has announced that its JustHeat graphene-based heating system has achieved CE certification, allowing it to be marketed and installed across the UK and EEA.
This certification marks a significant milestone for Haydale, enabling the company to accelerate the commercial rollout of JustHeat, which offers substantial energy cost savings and reduced carbon emissions compared to traditional heating systems.
Haydale reports its latest financial results, focuses on near-term revenues and aggressive cost reductions
Haydale announced its unaudited interim results for the six months ended 31 December 2024. Revenues decreased by 50% to £1.25 million, and the company's operating loss increased by 32% to £2.13 million. At the end of the year, the company had £1.99 million in cash and equivalents.
Haydale has recently changed its business strategy, to focus the business on near-term revenue opportunities, aggressively reduce costs and stem cash outflows in 2025. The monthly run-rate operating expenses for the remaining UK business is approximately £275,000.
Haydale puts US unit into bankruptcy, seeks to sell and focus on UK graphene-related business
Haydale Graphene has reportedly announced that it has initiated a corporate insolvency process for its US subsidiary Haydale Ceramic Technologies (HCT) under chapter 11 of the US Bankruptcy Code. The company said it had filed the necessary documents in the state of Georgia, with a court hearing expected in the coming days to formalize the proceedings.
As part of the process, Haydale said it planned to sell HCT's assets through a court-supervised public auction, as it said it saw that as the best route to maximize asset value and recover cash for the parent company, which has a £12.8 million intercompany debtor balance tied to its US operations. While several third-party firms had expressed interest in acquiring HCT's assets, there was no guarantee of financial recovery.
Haydale announces steps to improve financial position, including disposal of Korean subsidiary
Haydale Graphene Industries has announced that it has completed a comprehensive business review and unveiled a strategy aimed at achieving near-term profitability while focusing on high-growth opportunities. Haydale said the review, initiated by a reconstituted board following the company's £3.1m funding raise in October, identified key areas for improvement, operational streamlining, and resource reallocation.
Haydale has reportedly decided to focus on two core business lines - heating ink-based energy efficiency products, and carbon capture technology.
Haydale reports its latest financial results for its Fiscal Year 2024
Haydale has announced its financial results for Q3 2024, which is the end of its 2024 fiscal year. Haydale says that while it has developed an excellent pipeline of opportunities, the timeline of converting these into sales takes longer than anticipated.
Haydale's revenue in FY2024 was 4.82 million GBP (up 12% from 2023), and the company reported a slightly improved loss of 3.16 million GBP (down from 3.49 million in 2023).
Haydale closes fundraising of $3.9 million
Haydale has announced that, further to its previous announcement on plans to raise funds, it has successfully completed the Fundraising which is now closed.
The Fundraising has successfully raised in aggregate £3 million (around USD$3.9 million). This comprises £2.5 million (about USD$3.25 million) raised through the Placing and Subscription of New Ordinary Shares, and the rest was raised through subscriptions for Convertible Loan Notes from Octopus Investments.
Haydale announces plans to raise over $4.5 million
Haydale has announced its intention to conduct a fundraising of up to £3.5 million (over USD$4.5 million) in aggregate, including a Placing of New Ordinary Shares, to raise in aggregate £2.17 million (over USD$2.8 million).
The Company proposes to raise a further £52,000 (around USD$67,300) from the Participating Directors, comprising the issue of New Ordinary Shares at the Issue Price. Certain Directors, namely Keith Broadbent, Theresa Wallis and Gareth Kaminski-Cook, intend to participate by way of the Subscription with David Banks intending to participate via the Placing.
Haydale and Jersey Energy Technologies announce underfloor heating pilot in Jersey
Haydale has announced that it has signed a contract with Jersey Energy Technologies ("JET"), a start-up company focused on providing energy efficiency solutions across the Channel Islands, to begin a pilot trial deploying Haydale's underfloor heaters within social housing in Jersey.
Haydale's underfloor heating system utilizes the Company's proprietary HDPlas functionalization technology to unlock the high-level thermal conductivity properties of graphene. Data gathered from Haydale's in-house prototype systems implies up to 30% lower operating cost for their functionalized 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.
Haydale and Gerdau Graphene enter graphene research agreement
Haydale has announced a new contract agreement with Gerdau Graphene, which focuses on the development, industrialization and commercialization of chemical additives, mineral additions and masterbatches with carbon-based nanomaterials, such as graphene.
This collaboration between Haydale and Gerdau Graphene will facilitate the development of graphene infused product lines and synergy between the advanced materials.
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