NeoGraf in Exclusive Technology Agreement with Australia’s First Graphene
The 10-yr deal sets the stage for explosive growth for NeoGraf’s graphene products in a range of markets, including the thermoplastics and composites industries.
Developer and manufacturer of high-performance natural and synthetic graphite sheet and powder NeoGraf Solutions, has signed an exclusive technology partnership agreement with First Graphene Ltd., a leading Australian supplier of high-performance graphene products. The 10-year deal sets the stage for explosive growth for NeoGraf’s graphene products in a range of U.S. markets, including the composites and thermoplastics industries.
The agreement provides NeoGraf with graphene products and solutions that extend its range and industry reach and expand its position as the premier graphene technology company in North America. NeoGraf will sell First Graphene’s PureGraph products under its Graf-X brand, which is well known and has an established position in the U.S. market. With strong expectations of growth the 10-year pact to develop and grow the U.S. graphene market is subject to performance measures that commence with minimum volume commitments increasing five times the initial volume over the life of the agreement.
The deal is described as a transformative development for NeoGraf Solutions which has more than 140 years of product leadership and innovation in the carbon and graphite industry. The company’s graphene products are additive materials that enhance mechanical strength, electrical conductivity, thermal properties, and barrier performance of thermosets and thermoplastics such as PP, HDPE, LLDPE, LDPE , EPS, XPS, PVC, PET, and nylons. These graphene materials can increase the toughness of plastics by up to 2.5 times without a significant weight increase while a loading as small as 0.5% can increase tensile strength by 15% or more. They can be used in a range of plastic applications including electrically conductive fillers for ESD plastics in automotive electronics and heat resistance additives for underhood plastic components such as HVAC systems, water pump housings, and valve covers.
Said NeoGraf product manager Jon Taylor, “This agreement will fuel growth for NeoGraf across all our target markets. Our partnership with one of the world’s preeminent graphene producers is a natural extension of our Graf-X product line.” Said First Graphene managing director and CEO Michael Bell, “Not only is NeoGraf a well-known, U.S.-based company, it has a strong reputation and relationship with key organizations in target industries that know and understand how graphene can benefit them.”
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