11th Sep 2025 21:42
Haydale Graphene Industries PLC - Carmarthenshire, Wales-based developer of materials using graphene and other nanomaterials - Announces a strategic collaboration with Interfloor Ltd, Europe's largest manufacturer of carpet underlay and flooring accessories, to integrate JustHeat heater inserts into Interfloor's flooring systems. Under the agreement, Haydale and Interfloor will collaborate to integrate JustHeat heater inserts with Interfloor's market-leading underlays and specified coverings, creating a new range of solutions for launch in the second half of financial 2026. Initial orders have now shipped to the channel partners announced in June, and further partners are being added to extend geographic and sectoral reach across the UK. The current pipeline remains strongest in residential and residential-adjacent sectors, while the company also sees opportunities in broader commercial and specialist applications, including modular housing and mobile homes. In addition, Haydale says it has achieved monthly run-rate costs reduction below GBP200,000 by the end of financial 2025, a 70% reduction from overhead run rates the year prior. The leaner cost base, combined with growing commercial traction, underpins confidence in delivering a capital-light growth model. Unaudited cash balance as at the end of August was GBP1.9 million. Read More
