Haydale Graphene Industries PLC (LON:HAYD) shares gained on Tuesday after the firm said it has won a gig with the English Institute for Sport (EIS) to produce high-performance kit coated with graphene.
The company first announced a hook-up with the EIS back in September 2018, and after the completion of the initial prototype testing, Haydale will collaborate with the Welsh Centre for Printing and Coating (WCPC) to deliver a range of advanced wearable technology sportswear for elite athletes.
Alongside supply chain partners, a range of garments is being manufactured in higher quantities for further use in elite sport settings, focusing on efforts to develop flexible and miniaturised electronics.
"It is great to see the reward of this project with EIS and WCPC and we look forward to seeing elite athletes benefit from the improved performance offered through the adapted garments," said Keith Broadbent, the chief executive officer of Haydale.
Matt Parker, the director of performance innovation for EIS, said the institute was delighted to have delivered the first of many wearable technology solutions to athletes.
“To move so quickly to realise the benefit of this new technology in the training environment is testament to everyone involved,” he said.
In morning trading, Haydale shares were 14% higher at 1,425p.
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