Haydale has announced that it has been awarded a SMARTCymru grant from The Welsh Government that will enable the Company to progress with the development of its anti-counterfeiting ink technology, PATit.
The Project has a total cost of £169,000 and is expected to take six months to complete. The SMARTCymru grant, which is part-funded by the European Regional Development Fund, will cover about 50% of the anticipated project costs.
PATit has been developed to address a market need for smart disruptive technologies in the security tag sector. The anti-counterfeiting technology is planned to be manufactured in Wales.
Funded by SMARTCymru, which supports growth of Welsh industry by increased investment in research, development, and innovation, PATit aims to provide a mass market anti-counterfeiting technology that addresses the current market need for secure low-cost anti-counterfeiting technologies. Central to the overall performance of PATit is Haydale's patented plasma enhanced surface functionalization process, which allows the surface chemistry of nanomaterials such as graphene to be altered to improve the physical and electrical properties.
PATit is innovative to existing technologies for brand and security protection by using proprietary software codes and a specialty graphene-based conductive ink. This enables counterfeiting devices to read the unique ink when printed onto a product label or other material. The Project will also focus on the development of the mobile app software and secure server system required to store and read the PATit codes. There are now several Patents approved for PATit including the EU and US.
PATit has also been shortlisted for a 2022 British Engineering Excellence Award in the 'Materials Application of the Year' category. The winners will be revealed at a gala lunch on 18th March to be held in London at The Landmark Hotel.
David Davies, UK Managing Director at Haydale, commented: "The funding will build on the already significant developments Haydale has made in ink development using our patented plasma functionalization process. With the award from SMARTCymru, Haydale's path to commercializing its anti-counterfeiting technology, PATit, will be accelerated allowing us to further develop our graphene-enhanced functionalized inks... The aim is to be able to provide the PATit technology to the mass market to meet the need for affordable high volume brand protection and provide a step to green environmentally friendly anti-counterfeiting products that we believe will surpass technologies currently available."