StockMarketWire.com - Advanced materials group Haydale Graphene Industries said the results of a trial in March with Amiblu Technology did not show hoped-for improvements.
Haydale said it was continuing discussions with the Ambilu R&D team and planned to hold a meeting in the fourth quarter to discuss next steps.
Saudi Arabia's Amiblu had partnered with Haydale in 2016 to develop reinforced plastic products.
Haydale also announced that it had extended a supply contract with a 'global industrial manufacturer' amounting to over $3.3m.
The five-year extension would involve supplying silicon carbide micro-fibre to a group selling tooling and wear-resistant solutions.
At 3:01pm: [LON:HAYD] Haydale Graphene Industries Plc share price was -6p at 46p
Story provided by StockMarketWire.com
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