Dotz Nano (ASX: DTZ) is planning to sell its graphene quantum dots into Australia and New Zealand after securing an exclusive distribution agreement with Australia-based Recochem.
The memorandum of understanding between the parties allows for a five-month evaluation period where the companies can explore each other’s performance in the regions’ markets, with a comprehensive agreement to be cemented by June.
Under the initial MoU, Dotz Nano will provide Recochem with samples of its graphene quantum dots for numerous applications, with sales terms to be agreed on a customer-by-customer basis.
According to Dotz Nano, Recochem has a diverse distribution network throughout Australia and the world. The company has also dominated Australia’s market for chlorinated benzene production, which is used as an additive in herbicides, dyes and rubber. Recochem also manufactures para-dichlorobenzene and ortho-dichlorobenzene, which can be incorporated in insecticides and removing carbon contamination on metals.
“The use of our graphene quantum dots in the automotive fluids, adhesives and industrial chemicals markets as an anti-counterfeiting, brand protection and product liability protection mechanism is an added value in a large and lucrative market, and Recochem definitely is a market leader in those areas,” Dotz Nano chief executive officer Dr Moti Gross said.
“Dotz Nano continues to commercialise its graphene quantum dots by approaching different markets and different applications, consistently promoting Dotz Nano graphene quantum dots as the next generation of advanced materials, producing inexpensive, non-toxic graphene quantum dots and at ten times the production yield compared to conventional quantum dots,” Dr Gross said.
He added the company’s graphene quantum dots provide “superior benefits” to products and applications.
Dotz Nano’s graphene quantum dots are microscopic particles that fluoresce when exposed to UV light. Using mostly coal, the company has developed the dots for multiple sectors including medical imaging, optical brighteners, sensing, energy and data storage, solar cells, consumer electronics and anti-counterfeiting.
When the dot size is altered, the colour it fluoresces also changes.
Shares in Dotz Nano had lifted almost 3% to A$0.18 by mid-morning trade.