Haydale Graphene boosted as Taiwanese operation begins commercial shipping

Haydale Graphene Industries' Taiwanese HTW operation started to ship commercial quantities of its graphene ink for diabetes test strips on Thursday.

After year-long trials, sizeable deliveries have now started as part of a 100Kg order from a Taiwanese printer, in what Haydale said is the first time graphene ink has been used in these quantities in this market.

David Banks, interim executive chairman at Haydale, said: "Our Taiwan facility is only 15 months old and, from a standing start, has now developed a range of functionalised graphene inks that are gaining market acceptance where repeat sales have pleasingly started to occur. Over the last four months, HTW has supplied over 100Kg of inks to 12 print customers at various stages of evaluation."

Banks added that inks from the AIM traded company’s operations in Thailand and South Korea had been receiving “excellent feedback”.

Trials have also started of an all-carbon sensor utilising graphene-enhanced ink that eliminates currently used and expensive silver conductive ink tracks.

Ray Gibbs, president of business development at Haydale, said: "Having now established market acceptance with the supply of commercial volume for a high-quality printer, armed with excellent third-party test results and customer endorsements, we can also see market demand for this high-performance product in Europe and especially the US."

Haydale’s shares were up 5.63% at 37.50p at 1324 GMT.