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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) Statement re Business Update

26/11/2018 10:12am

UK Regulatory (RNS & others)


Wheelsure (NEX:WHLP)
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Wheelsure Holdings plc

 

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

 

Business Update

 

Wheelsure Holdings Plc (NEX:WHLP), the NEX quoted industrial engineering company, today announces that further to the company's collaboration with Haydale Graphene Industries plc (AIM: HAYD) as announced on 28th February 2018, a three-way project is being established with the addition of The University of Manchester's Graphene Engineering Innovation Centre (GEIC).

 

A non-disclosure agreement has been signed by all three parties to commence the project which will develop an intelligent new product, pairing the nanochemistry of graphene with Wheelsure's failsafe locking solution.

 

Ray Gibbs, President Business Development, Haydale, said: "We are delighted to bring our graphene materials knowledge to this project and work with Wheelsure and Manchester GEIC to produce a superior solution. The outcome will enable Wheelsure to market and sell its product worldwide across a range of applications that require a permanent 'smart' locking nut and bolt assembly."

 

The GEIC is The University of Manchester's second graphene-focused graphene facility with an industry-leading focus on commercialisation. James Baker, CEO of Graphene@Manchester said: "This latest partnership is a perfect example of our collaborative approach to graphene research and development across the technology readiness levels. By combining the expertise and capabilities of the University, Haydale Graphene Industries and Wheelsure, we can accelerate disruptive solutions to new and current markets."

 

Gerry Mulder, Chairman of Wheelsure said: "We are very excited with this further development. It has long been our intention to progress and market an intelligent system to serve our world-renowned locking device. We are delighted that Haydale Graphene Industries plc and The University of Manchester have committed to join us in this inspiring venture."

 

The collaboration will be produced ahead of the official opening of the GEIC in December.

 

Enquiries:

 
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.

 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20181126005313/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 26, 2018 05:12 ET (10:12 GMT)

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