Haydale has announced a collaboration agreement with Graphit Kropfmuhl GmbH, part of AMG Advanced Metallurgical Group and an affiliate of Alterna Capital Partners. The Agreement focuses on the development of new value added nano-material products using Haydale's HDPlas functionalization process and certain AMG graphitic feedstock material primarily from its GK mine in Sri Lanka.
Haydale will initially supply an R&D reactor (HT60) and a larger capacity reactor (HT200) to GK for use under the Agreement. The initial contract value for the supply of the reactors is payable to Haydale on the normal machine supply basis. Subject to reaching the agreed milestones, the majority of the revenue is scheduled to be received in the current financial year and is expected to constitute a significant proportion of the Group’s revenues for the year ended 30 June 2016.
Once the reactors are installed and commissioned, the Parties will collaborate on various projects aimed at developing Collaboration Products for specific industrial customers in the composites, inks/dispersions, energy harvesting and lubricants sectors. In addition, the Parties have agreed to work together on commercializing certain products that Haydale has developed.
The reactors are expected to be delivered to a specially built GK facility in Hauzenberg, Germany by June 2016. Haydale will undertake site commissioning and provide ongoing maintenance, supply of spare parts and full technical assistance to support the operation of the reactors.