Haydale announced inking a deal to supply the Centre for Process and Innovation (CPI) in the UK with its HT60 reactor, which is expected to be fully operational by October 2015. The deal will produce an initial revenue of â¤170,000 for Haydale. Haydale successfully tendered for the supply agreement and will deliver a standard HT60 R&D reactor later this month and then provide training and technical support to CPI. Following this deal, Haydale is looking to concentrate on its commercialization strategy over the next year, with the U.S market a key area of growth.
CPI is a UK-based technology innovation centre and part of the High Value Manufacturing Catapult. CPI has recently committed £14 million to create the UK’s Graphene Applications Innovation Centre. The new centre will build on existing capabilities at CPI and will provide facilities and expertise to help companies to develop, prove, prototype and scale up graphene based products and processes.
Haydale's chief executive, Ray Gibbs, answered questions regarding the company's plans and the reactor deal in this video of ProactiveInvestors: