LONDON (Alliance News) – Haydale Graphene Industries PLC on Thursday said it has inked a memorandum of understanding with Nanospan India Pvt Ltd to collaborate on developing advanced nano composites for the Indian market.
Nanospan, a graphene application development firm based in India, will work with Haydale to develop composites focused on the Defence, Aerospace and Energy sectors in India.
“We are delighted to have entered into this collaboration. 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,” said Chief Executive Officer Ray Gibbs in a statement.
Shares in Haydale were up 2.7% at 199.66 pence Thursday.
By Hana Stewart-Smith; email@example.com; @HanaSSAllNews
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Source: Alliance News