A grant of £249,600, of which Haydale will receive £120,000, has been awarded to the consortium that Haydale leads, joined by Briggs Automotive Company (BAC) and Pentaxia. BAC is a British manufacturer of the Mono, a road-legal, single-seat supercar. Pentaxia is specialist in tooling design, machining and composite production.
Through development in this core strategic area, Haydale is looking to reduce cycle times compared to existing tooling methods, as well as reduce weight and increase performance of component material. Whilst the focus is on the automotive sector, it provides a wider opportunity for Haydale to look at tooling materials across several markets, particularly where there are throughput constraints.
The global tooling market for the composites industry is projected to grow at a CAGR of 7.1% over the next five years to reach US$1,457.4 million in 2022.
“This funding will build on the significant developments already made by Haydale in advanced prepreg materials,” Keith Broadbent, COO at Haydale, comments. “The novel prepreg will be of significant interest to niche vehicle manufacturers and the premium and luxury automotive sectors, with BAC as a ready-made customer.”
“This collaboration will ensure major advancements in composite tooling resulting in a prepreg material that is ready for market launch,” says Ray Gibbs, President, Business Development at Haydale. “We know that production throughput is a major issue in the carbon fibre composite market and this initiative can ease the bottleneck. We will look to work with licensees to develop a route for full rate production and commercialisation.”
Industries: Automotive and Road Transportation