First
Graphene (OTCQB: FGPHF) Extending the Commercialization of
PureGraph
Miami, FL -- February 28, 2024
-- InvestorsHub NewsWire -- via EmergingGrowth.com, a leading
independent small cap media portal with an extensive history of
providing unparalleled content for the Emerging Growth markets and
companies, reports on First Graphene (OTCQB:
FGPHF) (ASX:
FGR).
Highlights
-
Home building: UK eco-home building company continues to use
graphene enhanced construction materials to improve fire retardancy
and strength
-
Automotive Lubricants: Graphene enhanced bearing lubricant
application moving to production for automotive and industrial
segments
-
Conveyor Belts: Large scale testing of longer lasting graphene
conveyer belts for mining industry underway
-
Wide breadth of opportunities progressing towards revenue
contribution
First Graphene
Limited (ASX: FGR; "First Graphene" or "the Company") is pleased to
announce the advancement of multiple applications to commercial
scale trials or production in a variety of new segments.
While the cement
and concrete segment remains the primary focus for the Company, the
numerous benefits of graphene additives are rapidly being
recognised across multiple applications including construction
materials, lubricants, rubbers, electrostatic discharge (ESD)
flooring and coatings.
These benefits
are being realised via external trials conducted by First
Graphene's global clients, and while there are disclosure
sensitivities regarding trial details and results, the wide variety
of opportunities in these segments is endearing.
Excitingly,
First Graphene can confirm this work is progressing towards
commercial realisation, providing new avenues to solidify the
Company's reputation as a global material technology
company.
The adoption by
industry of a new material such as graphene doesn't happen
overnight. Effective commercialisation entails a qualification
period during which potential customers conduct trials at ever
increasing scale in order to determine the benefits of the new
material. It is a cumulative process that gathers momentum with
each new customer across a range of segments. Having been on this
path for a number of years, First Graphene is starting to see an
acceleration of market acceptance.
Graphene enhanced sustainable construction materials
First Graphene
has continued collaboration with UK based eco-home builder Vector
Homes to enhance the strength and fire-retardant properties of
their sustainable construction materials, imparting the benefits of
the Company's PureGRAPH® product.
The initial
prototype of these eco-homes, which has graphene incorporated into
the recycled High Density Polyethylene (HDPE) beams via a
PureGRAPH® additive, has satisfied British building
standards.
Two concept
homes have already been constructed with additional PureGRAPH®
enhanced sustainable construction material applications being
investigated with Vector Homes as it continues to develop its
prototype homes.
Vector Homes is
a leading innovator in the UK, with its concept homes made of
recycled and natural materials, and built sustainably and
resourcefully, recently awarded "Best Sustainable Innovation" by
the Housing Digital Innovation Awards.
This project
reinforces graphene's ability as a thermoplastic additive for fire
retardant construction applications, which will become vital to
enhancing durability of homes for the future.
Excitingly, this
development marks another entrance into the construction market for
First Graphene, expanding on the cement and concrete
segment.
The value in
this market provides commercial opportunities for the Company, with
the Engineering Plastics Market in the United Kingdom alone worth
USD$1.34 billion, with a compound annual growth rate (CAGR) of
6.53%1.
Improved durability and wear resistance demonstrated for lubricants
market
Laboratory and
commercial scale trials with a new multinational client looking at
the enhancing capabilities of adding PureGRAPH® into lubricants has
been successfully completed.
Results from the
external trials demonstrate an increase in wear resistance and
improved durability when graphene enhanced lubricants are applied
to bearings.
These results
have provided confidence to progress to full production use of
PureGRAPH® enhanced lubricants this year.
This development
creates a new application for PureGRAPH® and opens the door to the
variety of segments who require lubricants, including automotive
and industrial.
The United
Kingdom lubricants market is worth approximately USD$5.85 billion
and expected to grow to more than USD$7 billion by 20322,
presenting a significant market opportunity for First Graphene and
its partners to capitalise on.
Enhanced conveyor belts for mining industry
First Graphene
has received positive results from lab testing of graphene enhanced
conveyor belts, by a leading Australian conveyer belt company, for
use in the mining industry.
The addition of
the Company's PureGRAPH® product in the manufacture of the rubber
conveyor belts has shown to enhance mechanical properties of the
rubber belts, increasing durability and longevity.
This has now
progressed towards commercial trials using prototype graphene
enhanced belts, with results from this second stage expected by
early 2024.
In addition to
graphene conveyor belts, the Company has signed a Joint Development
Agreement (JDA) with Australian-based Tribotech to develop graphene
enhanced rollers for use by iron ore miners and producers in
Western Australia.
Both of these
arrangements mark a significant milestone for First Graphene, as
the Company's materials expand into the high-performing, in-demand
mining industry in Australia.
Other notable applications
Protective Clothing
First Graphene
has been working to develop a graphene enhanced coating using its
PureGRAPH® product for use in the manufacture of protective
clothing.
It's widely
known graphene enhanced coatings can increase durability and
strength of textile materials, which has been demonstrated during
lab trials looking at enhancing protective clothing.
This has now
moved into production trials, which has the potential to pave the
way for widespread use of graphene enhanced textile coatings for
improved durability and longevity of clothing.
Floor Coatings
First Graphene's
products are also being used at low loadings to introduce
conductivity into electrostatic discharge (ESD) flooring,
protecting electronics from static electricity damage.
External
production scale trials are now being conducted to measure the
effectiveness of dispersing graphene into ESD floor coatings to
prevent static charge build-up.
With multiple
companies investigating different types of coatings to combat this,
there is a significant opportunity for First Graphene to enter the
market with its highly conductive material.
3D Printing
First Graphene
has also progressed its activity in the 3D printing market, with
the ability to produce commercial scale quantities of 3D printing
filament recently demonstrated.
This follows the
successful Graphene Hackathon at the University of Manchester in
December, where PureGRAPH® powered 3D printing filament was
supplied to participants.
The Hackathon
provided First Graphene with the opportunity to trial its next
generation of inks and 3D filaments, with the materials performing
well.
These results
have encouraged the Company to bring graphene enhanced 3D printing
filaments to market, opening the doors to a sector estimated to be
worth more than USD$88.60 billion by 2032(3).
First Graphene Managing Director and CEO Michael Bell
said:
"First Graphene is working hard to ensure different industries
around the world can realise the true impact and benefits of
graphene as a material-enhancing product.
The Company is making great progress in the cement and concrete
segment but the opportunities to use PureGRAPH® to improve
performance in other industries continues to grow and be resourced
in the background.
We are excited to be progressing into large-scale trials in
multiple ventures, including housing and construction, lubrication,
mining and coatings.
First Graphene is globally known as a leading supplier of this
remarkable product, and I anticipate further milestones in these
sectors will solidify our position."
-
Mordor
Intelligence
-
Expert
Market Research
-
Precedence
Research
This
release has been approved for release by the Chairman.
Investors:
Michael
Bell
Managing Director and
CEO
First Graphene
Limited
michael.bell@firstgraphene.net
+61 1300 660 448
Media:
Josh
Nyman
General Manager
SPOKE.
josh@hellospoke.com.au
+61 413 243 440
About First Graphene Ltd (ASX: FGR)
First Graphene Limited is focused on the development of advanced
materials to help industry improve. The Company is a leading
supplier of graphitic materials and product formulations with a
specific commercial focus on large, high-growth global markets
including cement and concrete; composites and plastics; coatings,
adhesives, silicones and elastomers (CASE); and energy storage
applications.
One of the key benefits of these advanced materials is the
reduction of carbon dioxide emissions, whether directly through a
reduction in output of these harmful greenhouse gases or lower
energy usage requirements in manufacturing, or indirectly due to
enhanced performance characteristics and extending the usable life
of products.
First Graphene has a robust manufacturing platform based on captive
and abundant supply of high-purity raw materials, and readily
scalable technologies to meet growing market demand. As well as
being the world's leading supplier of its own high performance
PureGRAPH® graphene product range, the Company works with multiple
industry partners around the world as a supplier of graphitic
materials and partner to research, develop, test and facilitate the
commercial marketing of a wide range of sector-specific chemical
solutions.
First Graphene Ltd is publicly listed in Australia (ASX:FGR) and
has a primary manufacturing base in Henderson, near Perth, WA. The
company is incorporated in the UK as First Graphene (UK) Ltd and is
a Tier 1 partner at the Graphene Engineering and Innovation Centre
(GEIC), Manchester, UK, where it has a strong marketing and R&D
capability.
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