Share Name Share Symbol Market Type Share ISIN Share Description
Wheelsure Holdings plc NEX:WHLP NEX Ordinary Share GB0033277178
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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Wheelsure Holdings (WHLP) Further re Business Update

14/12/2018 7:00am

UK Regulatory (RNS & others)

Wheelsure (NEX:WHLP)
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Wheelsure Holdings plc


("Wheelsure" or "WS Group" or the "Company")


Agreement with Haydale Graphene Industries plc


Wheelsure (NEX: WHLP), the NEX quoted industrial engineering company, is delighted to announce that further to its collaboration with Haydale Graphene Industries plc ("Haydale") announced in November, the parties have agreed to commence a project in January to produce a "smart" graphene pressure sensor for the fastener market. Commercial terms on the project funding are being finalised.


The project plan will quickly establish an intelligent new product pairing Haydale's functionalised graphene sensor technology with Wheelsure's failsafe locking solution. The sensor concept will be specifically developed for the current locking system by engineers at The University of Manchester's Graphene Engineering Innovation Centre ("GEIC") and was showcased at the opening on 10th December.


As part of an extended arrangement on 11th December the parties have entered into a commission-based sales arrangement whereby Haydale will introduce the existing product solution to several identified customers, including major infrastructure projects in USA and China. The agreement extends to the "smart" system being developed by Haydale and the GEIC.


Gerhard Dodl, CEO of Wheelsure, commented: "We are delighted to be working with Haydale and GEIC on this project; the cutting-edge graphene materials they can bring to our fastener solutions will pave the way for the future of intelligent safety technology."




The directors of the Company are responsible for the contents of this announcement.



Wheelsure Holdings plc         01525 840 557 
Gerhard Dodl, CEO 
Daniel Stewart & Company Plc   0207 776 6550 
Daphne Zhang / David Lawman 

About Wheelsure Holdings plc


Wheelsure Holdings plc is a holding company for a group which develops and commercialises innovative products that meet safety needs throughout the world.


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This information is provided by Business Wire 

(END) Dow Jones Newswires

December 14, 2018 02:00 ET (07:00 GMT)

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