StockMarketWire.com - Haydale Graphene Industries and Flowtite Technology have signed a joint development agreement to create next generation glass fibre reinforced plastic pipe products.
Flowtite Technology AS is the wholly owned GRP pipe technology and R&D centre of The Saudi Arabian Amiantit Company, the world's largest glass fibre reinforced plastic pipe company which has to date delivered over 6 million metres of pipe across five continents.
A joint research programme is now under way between Haydale and Flowtite Technolog at Amiantit's R&D headquarters based in Norway.
Under the terms of the two year agreement Haydale will, assuming a successful outcome from the initial trial, grant Amiantit exclusive worldwide rights to develop its unique technology in next generation GRP pipe systems for water and sewerage applications.
At 9:10am: [LON:HAYD] Haydale Graphene Industries Plc share price was +3.5p at 178.5p
Story provided by StockMarketWire.com
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