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Haydale Graphene acquires enhanced clothing invention

The new acquisition is the result of last year’s partnership agreement with Swansea University and Swansea Innovation Ltd.
Haydale Graphene acquires enhanced clothing invention
It could be of particular relevance to high performance sports garments.

Haydale Graphene Industries (LON:HAYD) has acquired the rights to a new graphene-based invention originating from Swansea University.

The new invention relates to heatable articles, particularly clothing and bedding, which incorporate carbon nanomaterial-based heaters.

Due to its flexibility, compact construction and thermal performance the invention is expected to be of particular relevance to high performance garments for elite sports applications, Haydale said.

Haydale has been assigned all intellectual property rights in connection with the invention and the company has filed a patent application.

Ray Gibbs, Haydale chief executive, said: “our strategy is to work with experts in our chosen market sectors to rapidly develop commercial products using our HDPlas functionalisation process.

“This announcement demonstrates that this strategy is working and we are optimistic that the new invention will further enhance Haydale's commercial opportunities in the application of graphene and carbon nano-materials."

Today’s acquisition is a result of a pipeline agreement with Swansea University, agreed last February.

Haydale will issue a package of share warrants to the inventors.

Tim Claypole and Swansea Innovation, the inventors, will also receive 2% royalty income from any direct sales and a 10% share of revenues if products are licensed.

Dr Gerry Ronan, head of IP commercialisation for Swansea University, highlighted that the arrangement with Haydale has proved to be success in a short period of time.

“By incentivising all parties involved in research conducted at Swansea University we are now seeing the development of potentially commercially viable technologies from graphene,” Ronan added.

“This partnership has been cemented with another patent application for a technology that we believe has huge commercial potential with multiple applications across many industries."

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