Joint Development Agreement with Star RFID
13 November 2018
Haydale (AIM: HAYD), the global advanced materials group, is pleased to announce the signing of a Joint Development Agreement ("JDA") between Haydale Technologies (Thailand) Co., Limited ("HTT") and Star RFID Co., Ltd ("Star"). The JDA is for the parties to quickly co-develop both graphene and silver-based inks for the printed Radio Frequency Identification market ("RFID"). The co-development is expected to lead to a supply and collaboration agreement in the coming months.
The parties have already commenced development of a dedicated silver ink for Star and have a small paid-for project to carry out this work. Star has first right of refusal for any products arising from the JDA.
David Banks Executive Chairman at Haydale, commented: "Since HTT, our Thai facility, officially opened in March 2017, we have secured a number of paid-for projects that have developed into longer term and closer working relationships with some of Thailand's high profile companies. Star RFID is no exception and we look forward to further developments in 2019."
Apiwat Thongprasert, Managing Director at Star, added: "We are really excited to work with Haydale and use their speciality graphene and silver inks. We see a strong commercial arrangement as key to sales success together with a highly consistent product. Something we already know that Haydale can provide."
For further information:
|Haydale Graphene Industries plc
David Banks, Interim Executive Chairman
Gemma Smith, Head of Marketing
|Tel: +44 (0) 1269 842 946
|Arden Partners plc (Nominated Adviser & Broker)
Ruari McGirr / Paul Shackleton / Ben Cryer
|Tel: +44 (0) 20 7614 5900
Notes to Editors
Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from six sites in the UK, USA and the Far East.
For more information please visit: www.haydale.com
Star RFID is a member company of the Charoen Aksorn Holding Group and was established to meet the ever-growing demand for RFID products and services globally. Their purpose-built factory which employs a high level of security and the latest in modern technology for producing RFID smart labels and tags, tickets and soft cards. Star RFID is dedicated to producing high quality products, on-time delivery and exceptional customer support.
Star RFID strive for continuous improvement in their process, products and services. Being ISO 9001 certified is the first step in our mile-stones in achieving outstanding quality.
RFID uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information. Passive tags collect energy from a nearby RFID reader's interrogating radio waves. RFID requirements are for a consistent electrically conductive ink to perform to high standards of accuracy and repeatability.
Research specialists IDTechEx estimated that in 2018, the total RFID market will be worth $11.0 Billion, rising to $13.4 Billion in 2022. This $11bn market includes tags, readers and software/services for RFID labels, cards, fobs and all other form factors, for both passive and active RFID. https://www.idtechex.com/research/reports/rfid-forecasts-players-and-opportunities-2018-2028-000642.asp