Haydale Graphene Industries (HAYD)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

0.13p
   
  • Change Today:
    -0.010p
  • 52 Week High: 0.51
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 1,798.46m
  • Volume: 7,092,295
  • Market Cap: £2.34m

Haydale Graphene strikes landmark agreement with Chinese partner

By Iain Gilbert

Date: Tuesday 09 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Advanced materials group Haydale Graphene has inked a landmark agreement with a Chinese partner that will expand the reach of its high-quality Silicon Carbide whisker-reinforced cutting tool business into new markets in Asia.
The AIM-listed firm said the agreement specified "a progressive minimum annual financial commitment" for the partner to place at least $4.0m of orders with Haydale over the duration of the five year deal.

It also highlighted that the size of the Chinese Silicon Carbide cutting tool market has been estimated at roughly $214.0m by 2024, with a compound annual growth rate of 6.2%.

Under the terms of the agreement, Haydale's Chinese partner will be the exclusive distributor of its "unique and high-quality" silicon carbide tooling into the local 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," said Haydale.

"This landmark deal for Haydale, valued at $4.0m over the five years, marks a major milestone in the Company's global expansion strategy, increasing their portfolio of tooling offerings, and promises to bolster the commercial scope and reach of its US-based tooling operation."

As of 1245 BST, Haydale shares were 8.47% higher at 0.32p.











Reporting by Iain Gilbert at Sharecast.com

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HAYD Market Data

Currency UK Pounds
Share Price 0.13p
Change Today -0.010p
% Change -7.14 %
52 Week High 0.51
52 Week Low 0.12
Volume 7,092,295
Shares Issued 1,798.46m
Market Cap £2.34m

HAYD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.78% above the market average72.78% above the market average72.78% above the market average72.78% above the market average72.78% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Price Trend
94.37% below the market average94.37% below the market average94.37% below the market average94.37% below the market average94.37% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income Not Available
Growth
31.47% above the market average31.47% above the market average31.47% above the market average31.47% above the market average31.47% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average

HAYD Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:13 500,000 @ 0.12p
15:59 300,000 @ 0.14p
14:50 379,269 @ 0.13p
14:50 200,000 @ 0.13p
14:45 56,000 @ 0.14p

HAYD Key Personnel

CEO Keith Broadbent
CFO Patrick Carter

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