Proactive Investors - Run By Investors For Investors

Haydale Graphene’s composite transition piece gets thumbs up from the National Grid

CTPs are used to provide sealing around pipelines when they pass through concrete walls, allowing pipes to be inspected and maintained more easily while preventing contamination
CTP
Haydale has already pre-fabricated eight new CTPs, with nine scheduled to be installed by the end of 2019

Haydale Graphene Industries PLC (LON:HAYD) shares perked up on Wednesday after the group’s Composite Transition Piece (CTP) got a vote of confidence from FTSE 100 utilities firm National Grid PLC (LON:NG.).

CTPs are used to provide sealing around pipelines when they pass through concrete walls, allowing pipes to be inspected and maintained more easily while preventing contamination by soil and water.

READ: Haydale Graphene starts to ramp up cutting tools product as US facility comes onstream

Haydale said a benefits case analysis by NG had rated the CTPs as “low” risk, meaning that it had high confidence in the results the seals would achieve.

The firm has already pre-fabricated eight new CTPs, with a total of nine scheduled to be installed by the National Grid by the end of 2019.

“Haydale is pleased to be working with National Grid on this system which is a huge step forward in safety and efficiency for the gas network”, said Keith Broadbent, Haydale’s chief executive.

“With £228,000 average savings per CTP design life and 700 fewer hours carrying out 'at risk' activities for each CTP over 50-year period, it is clear to see the benefit that the system offers to the customer. We look forward to working with gas infrastructure owners worldwide who can also benefit from the product."

Paul Ogden, senior civil engineer at National Grid, added that the company expects to install around 60 CTPs across its national transmission system over the next six years.

In late-morning trading, Haydale shares were up 0.7% at 2p.

View full HAYD profile View Profile

Haydale Graphene Industries PLC Timeline

Related Articles

Grape bunches
April 03 2019
Eden Research's first product Mevalone, a grape fungicide which is used to target the botrytis disease, is currently being sold throughout the southern EU zone and Kenya
BAC Mono
Thu
Haydale is building up commercial sales as the number of applications using the material increase
Itaconix
May 24 2019
In May, Itaconix received its first purchase order from chemical firm Nouryon for its personal care polymer following the signing of an exclusive supply agreement in February

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use