Investing in public graphene stocks - Page 11

The Horizon Europe project 2DNEURALVISION kicked off on 9 – 10 October in Castelldefels, Barcelona. Funded with €5.5 Million from the European Commission, the initiative will seek to investigate the next generation of computer vision and, to develop enabling photonic and electronic integrated circuit components for a novel low-power consumption computer vision system that could be used under adverse weather and low light conditions, based on graphene and 2D materials.

The 2DNEURALVISION project will carry out leading-edge research in the field of 2D materials for wide-spectrum image sensing and vision systems. Its scientific achievements will aim to drive disruptive improvements in the automotive, AR/VR, service robotic and mobile device sectors, which expect to have a major impact on society.

The Australian Research Council (ARC) has announced the launch of the ARC Research Hub for advanced manufacturing with 2D Materials. The hub aims to develop the application of 2D materials for water treatment, batteries, functional paints and coatings and other key areas of economic and technological interest.

“The ARC proudly supports research excellence that positively impacts everyday Australians and this is evident in the establishment of the ARC Research Hub for advanced manufacturing with 2D Materials,” said Dr. Richard Johnson, deputy chief executive officer, ARC. “Among the research outcomes expected to emerge from the hub will be high-powered, low-cost graphene-based supercapacitors, capable of storing energy for use in electric vehicles, as well as improvements in the supply chain of materials used in the manufacturing of these devices, allowing industry to thrive,” continued Dr. Johnson.

A consortium of 11 partners from six European countries has launched the GRAPHERGIA project, an ambitious 3.5-year Research and Innovation program, funded by €4.5 million under the Horizon Europe's Graphene Flagship initiative.

Aimed at redefining the integration of energy solutions into everyday life, GRAPHERGIA aims to transform how we use and store energy. Its main goal is to develop and deploy cutting-edge graphene-based materials into energy harvesting and storage devices. These advances would enable scalable and cost-efficient production of two-dimensional (2D) material technologies for a wide array of applications.

Versarien has raised £454,822 before expenses (over USD$558,000) through a stock market placing as it continues its turnaround strategy.

Versarien said that net proceeds will be used for corporate and working capital purposes, together with providing bridge finance to extend the Company's cash runway ahead of any funds received from asset sales.

NanoXplore reported its financial results for Q3 2023. Total revenues were $28.9 million CAD, up 6% from last year. The net loss was $448,000 (compared to a loss of $1.97 million last year). The company's cash and equivalents at the end of the quarter was $39.5 million CAD. NanoXplore expects its revenues for the year ending June 30, 2024 to reach $130 million.

In September 2023 NanoXplore announced new business representing over $17 Million in annual sales. The company says its graphene initiatives are steadily growing and it is "well positioned to deliver the returns our shareholders are expecting from us".  NanoXplore's graphene enhanced composite light weighting solutions are gaining momentum, and more OEMs are interested in its products. 

Avadain has completed a $4.5m capital offering through Netcapital, a digital private capital markets ecosystem. Avadain had already raised approximately $1.4 million through its initial offering on the Netcapital funding portal platform in 2022.

The Company plans to use the capital to continue its mission of growing its green, globally patented process for manufacturing a unique form of graphene. The Company envisions the application of its graphene in a myriad of industries.

HydroGraph Clean Power, a commercial manufacturer of graphene and other nanomaterials, has announced a non-brokered private placement of units of the Company for aggregate gross proceeds of up to $2,000,000.

Net proceeds from the offering will be used for application development, business development and general working capital purposes. 

G6 Materials Corporation has announced its financial results for the latest quarter, that ended on August 31, 2023. Revenues for the quarter were $320,907, down from $358,400 last year, while net loss was $426,946, down from $647,887 last year.

The company is now focused on improving its working capital position by increasing sales of its new epoxy product line and its Breathe+ Pro Advanced Antimicrobial Graphene Air Filtration System.. G6 is also focused on evolving its strategic partnership with Singapore-based MADE Advanced Materials.

Graphene Manufacturing Group (GMG) has provided a business update on the commercialization progress of THERMAL-XR powered by GMG Graphene.

GMG has announced it has received forward orders of over AU$400k (around USD$255,000) for THERMAL-XR from various distributors and customers worldwide. Most of the value of these orders is conditional on the in-country approval for the THERMAL-XR to be imported from Australia and sold into that country for the product's initial launch.

Kerala Government has decided to set up a pilot production facility for graphene. The production facility will cost ₹200 crores (over USD$24 million), the Chief Minister's Office said in an official statement.

The innovative facility will be established on a public-private partnership model. The Kerala Digital University would be the implementing agency, and Kerala Industrial Infrastructure Development Corporation (KINFRA) has been appointed as a special purpose vehicle for infrastructure development, the statement said.