Haydale's revenues increase 90% in H1 FY2016, updates on various graphene projects

UK-based Haydale announced its unaudited results for the six months ended 31 December 2016, or H1 FY2016. Total income was £1.5 million (up 90% from H1 2015) and the loss was £2.4 million (up from £1.9 million in H1 2015).

Haydale also provided some interesting update. The company signed a joint development agreement with Hunsman in Novermber 2016, and Haydale now says that Huntsman announced strong initial test results from Haydale's graphene enhanced Araldite resins in thermal management. Haydale's Thailand subsidiary also announced two new small contacts - one from the Thai Ministry of Energy for a printed hybrid functionalized graphene electrode in a supercapacitor and another from IRPC, a leading Thai petrochemical chemical processor.

In the UK Haydale has secured several new grants for development projects, including UV visible bruisable composites and hydrogen pressure vessels for hydrogen powered fuel cell vehicles

Regarding the company's graphene-enhanced 3D filaments, Haydale says that they are now enjoying repeat orders from customers and widening distribution.

Posted: Mar 23,2017 by Ron Mertens