Haydale Graphene Industries PLC (LON:HAYD) has signed a Memorandum of Understanding with Nanospan India to collaborate on the development of advanced nano composites for Indian markets.
Like Haydale, Nanospan is developing new applications for graphene and the two companies will work together on nano composites for defence, aerospace and energy use.
Ray Gibbs, Haydale’s chief executive, said: “Nanospan have several immediate opportunities in their market sectors and are well positioned to be our partner for joint R&D and promoting Haydale's products and services in India.
“If our collaboration with them is successful we anticipate Nanospan developing our Indian centre of excellence."
Ravi Nuguru, Nanospan’s chief executive, added: "Nanospan India is focused on graphene and nano material applications for India's Defence, Energy and Aerospace markets. Our work with Haydale should allow us to develop a whole new generation of composite materials with market leading material properties and performance.”