Haydale is pleased to announce that it has signed an exclusive distributor agreement (“the Agreement”) between Haydale and Dalian Yibang Technology Co., Ltd (“DLYB”). The Agreement is for an initial period of 4 years and allows DLYB exclusive distributor rights to market Haydale’s electrically conductive graphene-enhanced masterbatch in the Chinese and Taiwanese markets.
The Agreement sees DLYB pay Haydale an initial licence fee and thereafter, the parties will work towards completion of field testing, securing the requisite licences and final certifications from the relevant authorities. Haydale will supply masterbatch and associated consultancy services at an additional cost during the pre-commercialisation phase of the Agreement. Haydale expects the contract to move from the R&D to the commercial phase in 2021 and the parties have agreed minimum annual revenue thresholds which commence at US$300,000 for the calendar year 2021 and increase annually thereafter. In order to ensure the highest standards of quality assurance, the parties have agreed that all masterbatch will be supplied by Haydale from its facilities.
DLYB has been at the forefront of introducing and servicing high-end imported products for 15 years in China, which included the introduction of copper mesh for the purpose of lightning strike protection in both aerospace and wind energy sectors. It has obtained the international aviation quality management certification AS9120 and focuses on cutting-edge and high precision materials and technical solutions for aerospace, marine, railway, wind power, battery energy and industrial filtration industries. Using its existing experience and access to market, DLYB expects to use Haydale’s electrically conductive graphene-enhanced masterbatch technology to develop and sell applications into these sectors. Examples of these applications are focused on electrical screening, control of edge glow and the development of lightning strike products for the civil aviation, defence, UAV and wind energy markets.
Yuefeng Zou, CEO at DLYB, said: “Having already introduced leading-edge technology to prevent lightning strike into the Chinese Aerospace and wind energy industries, we are delighted to be working with Haydale and its world leading technology to introduce the next generation of environmentally friendly technology in this field.”
Keith Broadbent, Haydale CEO, said: “We are pleased to announce this partnership. With the extensive expertise of Haydale, alongside the market knowledge of DLYB, this new contract will open up fantastic opportunities for the commercialisation of this state of art technology in both China and Taiwan.”
The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’). Upon the publication of this announcement via a Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.