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Haydale Graphene surges as University of Manchester graphene engineering centre joins fail-safe collaboration

The group said that the GEIC would join its collaboration with Wheelsure to develop a product which paired its graphene sensor technology with Wheelsure's fail-safe locking

Collaboration pieces joining
The finished product will be showcased at the official opening of the GEIC in December

Shares in Haydale Graphene Industries PLC (LON:HAYD) surged in mid-morning Tuesday after the Graphene Engineering Innovation Centre (GEIC) at the University of Manchester joined a collaboration to develop a graphene-enhanced failsafe locking solution.

The graphene products group said that the GEIC would join its collaboration with Wheelsure Holdings PLC (AQSE:WHLP), originally set up in February, to develop a product which paired its graphene sensor technology with Wheelsure's failsafe locking solution.

READ: Haydale licenses its anti-counterfeiting ink to Thai printing company

The sensor would be developed by applications engineers at the GEIC, with the product to be showcased at the official opening of the GEIC in December.

David Banks, interim chief executive at Haydale, said: "We are pleased that this collaboration is developing and welcome the inclusion of Manchester's GEIC. We are looking forward to developing this innovative product, ensuring its successful pathway to commercialisation."

Shares were up 23.6% at 44.5p.

Quick facts: Haydale Graphene Inds PLC

Price: 3.9 GBX

LSE:HAYD
Market: LSE
Market Cap: £16.59 m
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