UK-based Haydale has announced a collaboration agreement with Everpower International Holdings, a New York-based investment company engaged in investing in emerging technologies and their integration into China. Everpower has existing graphene interests in China, and as a first step it has agreed to make a strategic investment in Haydale of £3.26 million to acquire a 9.9% of Haydale. This investment was done through Everpower's subsidiary Fu Xing New Materials Development (Heze).
Haydale and Everpower confirmed that they have entered into non-binding heads of terms as a precursor to entering into an exclusive binding collaboration agreement to manufacture, supply and market existing Haydale products and develop nanomaterials and new graphene products for the Chinese market. Haydale’s board expected that the partners will negotiate and enter into the collaboration agreement following completion of the proposed investment.
“The envisaged agreement should provide Haydale with an excellent platform to launch our products into China,” said Haydale's CEO Ray Gibbs. “Furthermore, any future collaboration products developed from the association will be allowed to be marketed and sold to the rest of the world by Haydale.”