LONDON--(BUSINESS WIRE)--
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.”
Ends
The directors of the Company are responsible for the contents of this announcement.
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.