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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