Haydale Graphene announces filing of patent application in UK

The global advanced materials group, Haydale Graphene Industries, has today announced the filing of a patent application in the UK in relation to its PATit anti-counterfeiting technology, which management hailed as a significant step for the company, allowing it to begin discussions on commercial applications.

Haydale said its application covered the utilisation of propriety software codes together with speciality graphene-based transparent conductive ink, with the anti-counterfeiting packaging market expected to double over the next four years to an estimated $207bn by 2021.

The transparent nature of the conductive ink constituted an important 'unique selling point' because it did not require altering products' package design.

Commenting on the patent, Ray Gibbs, CEO of Haydale, said: "This filing allows us to start commercial discussions with potential customers for our speciality graphene-based inks developed by our Thailand operation. The Asia-Pacific region is forecast to be the fastest growing region for anti-counterfeiting packaging and we are ideally placed to maximise on this exciting and growing market opportunity.

"We are exploring areas of interest from governments and producers seeking to protect brands and reduce the growing incidence of counterfeit goods. The immediate targets for licensing of our technology will be in markets such as tobacco, pharmaceuticals, and food and beverage."