Haydale to Contribute to the Development of FCHEVs-HAYDALE GRAPHENE INDUSTRIES PLC

Haydale to Contribute to the Development of FCHEVs-HAYDALE GRAPHENE INDUSTRIES PLC

Haydale to Contribute to the Development of FCHEVs

Haydale, (AIM: HAYD), the global technology solutions company, will be a key contributor to Viritech's development of fuel cell hydrogen electric vehicles (FCHEVs).

Viritech, the leading developer of high-performance hydrogen powertrain solutions for the automotive industry, has secured a major role in Ford Motor Company's ("Ford") three-year hydrogen fuel cell E-Transit trial and Haydale will lead the development of new functionalised materials and resins for Type V pressure vessels to support Viritech's proprietary integrated mounting system Graph-Pro™.

Although not yet commercially available, Type V hydrogen pressure vessels offer the prospect of a significant weight reduction by removing the need for an inner liner, which is currently required in composite pressure vessels to act as an impermeable barrier. Haydale's advanced graphene-enhanced carbon fibre material will enable the construction of impermeable pressure vessels.

The FCVGEN2.0 project awarded to Ford will look to design, develop and build a fleet of eight hydrogen fuel cell powered Transit vans. The project is being funded by The Advanced Propulsion Centre (APC) with £8m awarded by government, matched by industry to a total of £16.3m.

Keith Broadbent, CEO of Haydale, commented:

"Haydale is delighted Viritech is one of the partners in this research project, and we look forward to continuing our collaboration to develop new materials for the Type V pressure vessels. The partnership will play a significant role in bringing UK developed and industry-leading storage solutions to the automotive market."

Timothy Lyons, CEO of Viritech commented:

"This is a massive opportunity and Viritech is excited to be working with Haydale on this next phase of hydrogen technology development. FCHEVs will play a vital role in decarbonising commercial vehicles and, as such, a vital contributor to Sustainable Transportation."

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