Grafoid announced that they signed a two-year agreement with Mitsui to identify and develop market opportunities in Japan for Grafoid’s MesoGraf materials.
The two companies will jointly undertake a one-year detailed market feasibility study to identify and evaluate market opportunities. They will then continue to formalize industrial and commercial development projects in Japan. Grafoid says that this agreement comes after months of discussions and independent laboratory validation and characterization of their materials.
Grafoid recently raised close to $5 million (from Focus Graphite and private investors), which should bring them closer to the construction of their MesoGraf production facilities. Mesograf is Grafoid's graphene-based material announced about 8 months ago. Grafoid collaborates with the National University of Singapore (NUS) and their new spin-off company Graphite Zero on the production, development and marketing of this material.