Haydale Graphene Industries PLC - developer of materials using graphene and other nanomaterials - Strikes deal with China-based partner worth $4 million over five-year period. Pact expands its high-quality silicon carbide whisker reinforced cutting tool business. The deal is with a Chinese tooling manufacturing company. It will ‘facilitate the distribution of Haydale’s world leading silicon carbide whisker reinforced cutting tool parts to new markets in Asia’.
‘Under the terms of the agreement the Chinese tooling manufacturing company will be the exclusive distributor of Haydale’s unique and high-quality silicon carbide tooling into the Chinese market. This partnership is set to enhance the availability and accessibility of these premium materials to a broader range of industries in China, including the aerospace, automotive, and industrial manufacturing sectors,’ Haydale adds.
Current stock price: 0.31 pence, up 5.0% in London on Tuesday morning
12-month change: down 73%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
