Haydale signs supply agreement for piezoresistive inks

Haydale logoHaydale has announced that it has signed a supply agreement to provide 76kg of its propriety piezoresistive ink to HP1 Technologies (HP1T) over an 18-month period. The value of the Supply Agreement was not disclosed.

HP1T creates bespoke flexible, printed, functionalized nano carbon-based sensor systems that can measure and collect high quality impact and pressure data. This newly signed supply agreement will see Haydale become HP1T's single supplier of functionalized nano carbon inks.

Haydale announces securing £1 million through loan and issue of equity

Haydale has announced that it has secured £1 million of new working capital for the Group through a combination a new £750,000 16-month loan facility from the Development Bank of Wales (DBW) and the issue of £250,000 of new equity via a subscription with the Company.

The Company is to enter into a new secured working capital loan from the DBW of £750,000 which is to be repaid monthly on or before April 2020. The Loan is expected to be drawn down in January and will be used by the Group for general working capital purposes. The Company has also raised £250,000 through the issue shares.

Versarien - Think you know graphene? Think again! Versarien - Think you know graphene? Think again!