Haydale Graphene expands Wave partnership with exclusive multi-year framework

(Sharecast News) - Advanced materials and clean-technology firm Haydale Graphene said on Tuesday that it has further expanded its SaveMoneyCutCarbon platform through a multi-year framework agreement and exclusivity arrangement with Wave Utilities. Through the new agreement, Haydale said SMCC and Wave had now agreed to expand their existing partnership, with SMCC set to deliver water efficiency programmes across Wave's commercial and public sector customer base.

As part of the agreement, SMCC was appointed as Wave's exclusive external delivery partner for water efficiency audits and has secured right of first refusal on the delivery of funded water efficiency projects, embedding SMCC within Wave's national rollout.

The AIM-listed group stated the greement was expected to generate at least £1.0m of recurring programme-based revenue per year, with a broader pipeline of identified opportunities currently valued at approximately £5.7m over the medium term.

Haydale highlighted that the agreement reflected the continued growth of SMCC's water efficiency business unit, "materially increasing the scale, visibility and repeatability of revenue generation" within the SMCC platform.

As of 1030 BST, Haydale shares had surged 14.29% to 0.32p.



Reporting by Iain Gilbert at Sharecast.com

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