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Share Name Share Symbol Market Type Share ISIN Share Description
Haydale Graphene Industries Plc LSE:HAYD London Ordinary Share GB00BKWQ1135 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -1.52% 1.625 1.55 1.70 1.625 1.625 1.625 633,461 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 3.5 -7.8 -6.0 - 6

Haydale Graphene Industries PLC iCraft Launch Graphene Cosmetic Face Mask

04/03/2020 7:00am

RNS Non-Regulatory


TIDMHAYD

Haydale Graphene Industries PLC

04 March 2020

 
 RNS REACH 
 For immediate release   4 March 2020 
 
 

Haydale Graphene Industries plc

('Haydale' or the 'Group')

iCraft Launch Graphene Cosmetic Face Mask Featuring Haydale Graphene Nano-Platelets

Haydale, (AIM: HAYD), the global advanced materials group, is pleased to announce that its graphene has been incorporated into iCraft's recently launched cosmetic face mask sheet. These sheet masks are face-shaped sheet fabrics which utilise the thermal and electrical conductivity of graphene to help the skin absorb its contents through bioelectric currents.

Haydale has supplied graphene to iCraft since May 2019 for development work in a number of areas including cosmetic use. iCraft, based in South Korea, is a global technology company with interests in security and network solutions as well as the health and beauty sector. Following intense research and rigorous testing, iCraft is pleased to report zero harmful substances for graphene-based products, and has applied for three related patents.

Whilst the initial volume of graphene required to meet early stage demand may not be significant, this marks a significant step-change in the use of the material, which is now being used in applications that directly touch the skin.

iCraft has now signed supply contracts with two brands to begin delivery of the cosmetic face mask sheets. In addition, iCraft is working with a number of additional companies and cosmetic brands who iCraft expect will introduce the product into their ranges.

Derek Yoon, iCraft, General Manager, said: "iCRAFT plans to create synergy with the existing business by striving to expand various related products and applying graphene. We are hoping that graphene cosmetic face mask sheets, launched in cooperation with Haydale, will get a good response in the global cosmetic market. In addition, an anti-counterfeit solution applying graphene is also under development. "

Keith Broadbent, Haydale CEO, said: "Following significant research and development, it is great to see a graphene-based product launched for the health and beauty sector. Working alongside iCraft, we anticipate a number of graphene enhanced products will now be launched both in the cosmetic market and in the wider fight against counterfeit goods."

- Ends -

For further information:

 
 Haydale Graphene Industries plc 
 Keith Broadbent, CEO                    Tel: +44 (0) 1269 842 946 
 Gemma Smith, Global Head of Marketing             www.haydale.com 
 
 Arden Partners plc (Nominated Adviser 
  & Broker) 
 Ruari McGirr / Paul Shackleton /        Tel: +44 (0) 20 7614 5900 
  Ben Cryer 
 

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from six sites in the UK, USA and the Far East.

For more information please visit: www.haydale.com

Twitter: @haydalegraphene

iCraft is a KOSDAQ listed company whose primary business designs, develops, and provides internet network integration products. iCRAFT also develops innovative products in wider sectors such as health and beauty.

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END

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