Haydale is pleased to announce that, further to a successful Phase 1 collaboration agreement announced on 1 March 2018 in the Interim Results, a Phase 2 collaboration agreement (the “Agreement”) has now been signed between Haydale Technologies (Thailand) Co., Ltd. (“HTT”) and IRPC Public Company Limited (“IRPC”). The Agreement is for IRPC to develop transparent graphene and functionalized acetylene black conductive inks for RFID, NFC and related applications.
The sustainable process sees Haydale functionalise IRPC’s acetylene black product to create the organic RFID ink. The success of this collaboration is expected to pave the way to numerous opportunities in printed electronic applications and be more environmentally friendly than existing inks. The RFID printer market is expected to be a significant market with the global market expected to reach approximately USD 4.82 billion by the end of 2023.
Under the Agreement IRPC will pay an upfront fee to Haydale following signing of contract, with a second payment following submission of the final report.
Dr. Roman Strauss, Vice President at IRPC, said: “This is very exciting and challenging at the same time for IRPC considering our core business in refinery and petrochemicals. However, working closely with Haydale will enable us to capture great opportunity in IoT megatrend.”
Keith Broadbent, Haydale CEO, added: “It is great to see this collaboration progress to phase 2. Our development in the area of RFID antenna is gaining real traction globally and making significant steps towards commercialisation. The RFID marketing is an ideal opportunity for Haydale’s unique solution.”