News and Announcements
First Graphene (ASX: FGR) Receives Commercial Scale Order for PureGRAPHTM Products
- Published November 30, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- FGR is in receipt of what it believes to be the largest single order for the commercial supply of bulk graphene materials to date, thereby signalling that the commercialisation of graphene has gone beyond a concept to become a reality.
- newGen has placed an order for 2,000 kg of PureGRAPHTM range products to be delivered during 2019, for use in the Armour-GRAPHTM product range
- PureGRAPHTM products from the range of 5, 10 and 20 micron to be drawn down during the 2019 calendar year
- This order confirms First Graphene’s status as the world’s leading graphene company. There are expectations for an expanding sales book as we go into 2019, from both newGen and other customers and product verticals.
Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX: FGR) is pleased to report that is delivering on its previous guidance whereby it had advised shareholders that it expected to receive commercial scale orders for its graphene products by the end of 2018.
The purchase order for 2,000kg of PureGRAPHTM range products from newGen for delivery during 2019, represents a significant development not only for FGR, but also for the broader graphene market. It demonstrates the initial market appetite for high quality bulk graphene products of the type in which FGR specialises. 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.
Pleasingly, the premium price to be received pursuant to the order debunks the myth that graphene is expensive. The productivity benefits and material performance improvements experienced when PureGRAPHTM is added to materials more than compensate for the cost of the graphene, and it underpins the pricing strategy employed by First Graphene.
About First Graphene Limited (ASX: FGR)
First Graphene is an advanced materials company seeking to position itself in the lowest cost quartile of global graphene suppliers. It has developed an environmentally sound and safe method of converting its supplies of ultra-high-grade graphite into the lowest cost highest quality graphene, in bulk quantities.
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