20th Jul 2020 14:38
(Alliance News) - Haydale Graphene Industries PLC on Monday said it secured a distribution agreement with US-based Zirconia Inc with the aim of addressing "unsolvable water infrastructure problems in the UK".
The deal allows Haydale "full distribution rights" of Zirconia's CeramycShield, a type of ceramic geopolymer which can restore concrete.
"The agreement is for a period of 30 months and allows Haydale full distribution rights of CeramycShield ceramic geopolymers, into the UK water infrastructure marketplace, with a view to address previously unsolvable water infrastructure problems in the UK," Haydale explained.
"These surface treatments cost effectively renew and restore cracked, old, decaying concrete, ensuring a more durable, structurally sound asset with better-than-new performance due to the biologically impervious property of the treatment. This means that microbial life, that are a wear factor in sub-grade water infrastructure, are eliminated."
Haydale shares surged 17% to 4.62 pence each in London on Monday afternoon.
By Eric Cunha; [email protected]
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