Haydale Graphene Industries plc
Joint Development Agreement with Star RFID
Haydale (AIM: HAYD), the global advanced materials group, is pleased to announce the signing of a Joint Development Agreement (“JDA”) between Haydale Technologies (Thailand) Co., Limited (“HTT”) and Star RFID Co., Ltd (“Star”). The JDA is for the parties to quickly co-develop both graphene and silver-based inks for the printed Radio Frequency Identification market (“RFID”). The co-development is expected to lead to a supply and collaboration agreement in the coming months.
The parties have already commenced development of a dedicated silver ink for Star and have a small paid-for project to carry out this work. Star has first right of refusal for any products arising from the JDA.
David Banks Executive Chairman at Haydale, commented: “Since HTT, our Thai facility, officially opened in March 2017, we have secured a number of paid-for projects that have developed into longer term and closer working relationships with some of Thailand’s high profile companies. Star RFID is no exception and we look forward to further developments in 2019.”
Ray Gibbs, President, Business Development at Haydale, commented: “Star is a high-class print operation focused on developing and selling smart labels, tags, tickets and cards. In particular they specialise in vehicle identification tags, such as used in tolls. The RFID market is significant and growing. We are impressed with Star’s operations and its facilities that include the latest technology capable of producing the latest smart sensors.”
Apiwat Thongprasert, Managing Director at Star, added: “We are really excited to work with Haydale and use their speciality graphene and silver inks. We see a strong commercial arrangement as key to sales success together with a highly consistent product. Something we already know that Haydale can provide.”
|For further information: Haydale Graphene Industries plc
|David Banks, Interim Executive Chairman
|Tel: +44 (0) 1269 842 946
|Gemma Smith, Head of Marketing