Graphene-focused technology company Dotz Nano (ASX: DTZ) has secured a “firm purchase order” for 10 kilograms of its Validotz product and says such deals are only the tip of the iceberg considering what’s to come in terms of graphene applications across all industries.
According to Dotz Nano chief executive officer Dr Moti Gross, the purchase order represents the company’s “transition from R&D to a commercially orientated company as it moves our Validotz into the realm of industrial sectors.”
Validotz are graphene quantum dots made from plain and simple coal for use in optical, medical imaging, bio-med, sensing, electronic, photovoltaic and monitoring applications.
According to Dotz Nano, in contrast to classic silicon quantum dots, the alternative graphene-based dots are biocompatible, photostable and inherit superior thermal, electrical, and mechanical properties.
Such features are expected to contribute to various state-of-the-art applications in multiple market sectors such as flash memory storage.
One figure likely to play a key role the range of avant-garde products developed related to memory storage is Professor James Tour from Rice University in Houston, Texas.
Aside from serving as Professor of Materials Science and NanoEngineering at Rice, Dr Tour is chief scientific advisor for Dotz Nano and also on the advisory board for Weebit Nano (ASX: WBT), an ASX-listed company working towards developing the latest generation of ReRAM memory storage that could potentially revolutionise the capabilities being offered by current flash storage.
Both Nano Dotz itself and its innovative Validotz products are relatively new to the marketplace having been incorporated only in 2014.
However, despite their novelty, the company says its innovations are “causing an uproar” in the advanced material market with previous orders into China and potential orders in Australia potentially on the horizon.
Dealing in graphene
Dotz Nano said that its most recent Validotz order totals 10kg of violet and blue Validotz to be distributed by Pflaumer Bros in their official capacity as a distributor.
The planned application for the order is for pilot productions to a variety of customers in industrialized sectors, namely nylon, concrete, floorings, poly-resins and thermosetting materials.
The order is expected to be distributed to customers within the upcoming two weeks the company said.
Dotz Nano hopes to enlarge its market presence by supplying its products to host of various companies across a broad range of sectors including medical imaging, sensing, consumer electronics, energy storage, solar cells and computer storage.
“The most important property of the industrial sector is the sheer volume of the materials our Validotz will be implemented in. The materials produced are measured in millions, if not billions of pounds/kilograms, and using our Validotz in these applications, will make these sectors large bulk consumers of our materials,” said Dr Gross.
The news of Dotz Nano securing yet another order for its Validotz product, saw its shares jump 30% up to A$0.11 per share by mid-afternoon trading on the ASX.