Haydale Graphene Industries plc Awarded Funding to Develop Airbus Approved Space Technology

Haydale Graphene Industries
[shareaholic app="share_buttons" id_name="post_below_content"]

Haydale Graphene Industries (LON: HAYD), the global advanced materials group, announced today that it has been awarded a contract by the European Space Agency, which is seeking to develop non-metallic gas tanks for spacecraft propulsion systems in a technology de-risking project.

The demand for small satellite launches has created a challenge within the existing space propulsion supply chain for low-cost reliable components. With the constellation market set to increase rapidly, the development of components that meet these criteria is critical. Haydale’s non-metallic system offers a low-cost alternative with reduced lead time that can be offered in a wider range of configurations to exactly suit the end user requirement.

Haydale will formulate and model a largely de-risked tank, prior to the manufacture of development models for full testing. This will result in the qualification for specific Spacecraft Propulsion Systems.

Prominent producers of Satellite technology have been identified and are engaged in developing the specification and tank design for eventual manufacture and deployment.

Haydale will be working alongside ISP International Space Propulsion Ltd through ESA ARTES Competitiveness & Growth, in conjunction with UK Space Agency.

Keith Broadbent, CEO, Haydale Graphene Industries, said:

“This funding will allow Haydale to develop existing knowledge in the space industry and we look forward to developing the technology alongside our partners. We are pleased to have gained the support of the Airbus DS Tank Product Group who are interested in the development of competitive non-conventional pressure vessel products, and can provide clear design drivers thanks to their invaluable expertise. With the UK space market growing, Haydale is delighted to be part of this progression.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:

      Search

      Search