First Graphene (ASX: FGR) has received what it believes to be the largest single commercial-scale order of bulk graphene materials to-date, confirming its position as the world’s leading graphene company.
The advanced materials company today announced its research and development partner newGen Group has placed an order for 2,000kg of its trademarked PureGRAPH graphene products for use in the Armour-GRAPH product range.
The order comprises PureGRAPH products from the range of 5, 10 and 20 micron to be delivered over the course of the 2019 calendar year.
The branded Armour-GRAPH product range recently introduced by newGen comprises wear liners for bucket wheel, pipe spools and conveyor applications.
Today’s news follows other recent announcements made in relation to First Graphene’s collaboration with newGen, including a new contract to supply liners containing PureGRAPH product for dryer chute applications to a large Perth-based cement producer.
According to the company, this purchase order represents a significant development not only for the company but also for the broader graphene market.
“Up until now, the graphene sector has been supplying mostly samples for evaluation. This order represents a step change in the business as it starts to scale up for larger size orders,” the company stated.
First Graphene managing director Craig McGuckin said the company was now entering an “exciting growth phase as industries all around the world are starting to look at ways in which they can use graphene to improve their products and lower their operating costs”.
“We do not believe there is another company which could deliver both the volume and the consistent quality this order requires,” he added.
The order is subject to one final regulatory approval – the registration of the material by the National Industrial Chemicals Notification and Assessment Scheme in Australia. This registration process is currently underway and not expected to provide any meaningful delays, First Graphene said.
Graphene is considered one of the lightest and strongest materials available and has a powerful ability to conduct heat and electricity, making it useful in various applications.
The use of the material in energy storage is currently being studied with scientists working on enhancing the capabilities of lithium-ion batteries by incorporating graphene as an anode to offer higher storage capacities, with improved longevity and charge rate.
Graphene is also being developed for use in the manufacture of supercapacitors which can be charged very quickly, in addition to being able to store a large quantity of electricity.
The company’s shares rose 13.33% to $0.17 on today’s news by afternoon trade.