Investing in public graphene stocks - Page 12
Haydale reports its latest yearly financial results
UK-based graphene developer Haydale announced its financial results for the full financial year that ended on September 2023 (FY22). Revenues were £4.30 million, up 48% from last year, as the company's US business is recovering. The company's operating loss, however, also increased to £3.49 million (up slightly from 2022).
Haydale sales that its US sales continued to progress with growth in the core aerospace and automotive markets. The company has established a regionalised manufacturer's representative network which is already showing signs of generating improved commercial traction within the North American steel mill, aerospace and automotive sectors for our finished tooling.
GMG and University of Queensland collaboration on graphene-enhanced batteries gets Australian Economic Accelerator funding
A partnership between the Australian Institute for Bioengineering and Nanotechnology (AIBN) of The University of Queensland (UQ) and Graphene Manufacturing Group will aim to push forward the commercialization of graphene-enhanced batteries. The parties received financial support from the Australian Federal Government Economic Accelerator Seed Grant to promote the development of Graphene Aluminium-Ion Battery Technology.
“UQ will supply the material engineering technology and GMG has the battery fabrication facility so together we can further develop the Graphene Aluminium-Ion Battery Technology,” AIBN's Dr. Xiaodan Huang said. “A key feature of this battery technology is the faster recharging rate and longer life.
A new Horizon Europe project called 2D-BioPAD is launched
2D-BioPAD is the name of a new Horizon Europe project that was recently launched. With a nearly €6 million budget, 2D-BioPAD will develop a diagnostic system for early Alzheimer's disease detection. This Horizon Europe Research and Innovation Action funded by the European Union, officially commenced on October 2023 and will go on for 48 months.
2D-BioPAD is developing a fast, reliable, cost-effective and digitally enabled point-of-care in vitro diagnostic system for early Alzheimer's disease detection. The 2D-BioPAD system will make use of cutting-edge 2D materials (i.e., graphene), nanomaterials and aptamers, to enhance biocompatibility, sensitivity and specificity for the simultaneous detection of up to five Alzheimer’s biomarkers in blood. The device will be accompanied by a user-friendly mobile app that will give healthcare professionals real-time access to quantified results in primary healthcare settings. Along the way, artificial intelligence will be used to optimize the design and implementation of the 2D-BioPAD system.
Harcros Chemicals signs Letter of Intent to use Avadain’s technology to manufacture graphene flakes
Harcros Chemicals, a U.S-based manufacturer of innovative and sustainable chemicals, has entered into a Letter of Intent (LOI) with Avadain stating mutual intent for Harcros to become the first company to commercially manufacture Avadain’s signature graphene flakes. Harcros has also made an investment in Avadain.
“There are many types of graphene materials,” says Brad Walden, Harcros’ VP for business development. “Harcros wants to be in the forefront of supplying the market for large, thin and nearly defect free graphene flakes which can be used to make thousands of products better.”
Skeleton Technologies secures €108 Million of financing from investors like Siemens and Marubeni
Skeleton Technologies recently closed a €108 million funding round that includes Siemens Financial Services (SFS), Marubeni Corporation and other investors. This funding will accelerate the development of next-generation products and finance the manufacturing expansion for supercapacitors and the company’s new high-power battery technology – the SuperBattery.
Skeleton Technologies’ CEO and Co-Founder, Taavi Madiberk, said: "Securing an investment from one of Europe's largest tech companies is a significant milestone for Skeleton. In addition to SFS’ investment, Siemens is also a key partner, supplier, and customer. Their expertise in industrialization and commercial partnerships will propel our growth and solidify our role in leading the energy transition”.
Concretene receives funding boost
Concretene has announced three successful UK government funding bids, two through Innovate UK, totaling £1.18 million (around USD$1,430,000), and one through EPSRC and the Henry Royce Institute for Advanced Materials for £79,000 (about USD$95,000).
The product – a graphene-enhanced admixture for concrete that reduces embodied carbon – is being developed for commercial roll-out by Nationwide Engineering Research & Development and The University of Manchester. The grant awards relate to Concretene’s core research program, from raw material supply through to construction applications.
Versarien reports reduction in cost base and progress on strategy
Versarien has said it is making progress in line with its strategy as it cuts its cost base. The engineering materials company said it has reduced its cost base "significantly", with its loss before interest, tax, depreciation, amortization and exceptional items at a lower run rate than in the first half of the year. As a result, it said it has seen a reduction in cash burn.
Versarien said despite its reduced cost base, it is making progress in its strategy to license its technology, brands and manufacturing expertise, divest its non-core activities and Korean assets and strengthen its scientific teams. Versarien said it would continue to preserve intellectual property within the group whilst reducing operating costs, as it seeks to become a “manufacturing light operation”.
G6 Materials ananounces its FY2023 annual results
G6 Materials Corporation announced its financial results for FY2023 (which ended on May 31, 2023). For the year, revenue was $1.5 million, up from $1.3 million in 2022. This was offset by increased R&D, general and administrative expenses.
Total loss in the year was $2.8 million, an improved from last year ($4.9 million loss, but that year included $2.7 million investment write-down).
The 2023 “Graphene Creates the Future” China (Ningbo) Entrepreneurship and Innovation Competition invites graphene projects from around the world to take part
Ningbo has announced a graphene competition whose winner will receive project funding of up to 10 million yuan (about $1.3 million USD) & a direct investment of 10 million yuan (plus development incentives of 10 million yuan).
Ningbo, a port city in China, has put great efforts into strengthening its economic and technological abilities in recent years, with a special focus on graphene production and applications. In 2022, Ningbo City launched the National Graphene Innovation Center (NGIC). The center adopts a “company + alliance” operation model and is jointly operated by the National Graphene Innovation Center and China Innovation Alliance of the Graphene Industry (CGIA).
In order to build a future leading area for the graphene industry, NGIC will hold the 2023 “Graphene Creates the Future” Entrepreneurship and Innovation Competition on October 20. It is seeking entries from entrepreneurial and innovative teams (individuals) with significant prospects in the graphene industry chain from all over the world.
NanoXplore announces new business representing over $17 Million in annual sales
NanoXplore has announced that it has been awarded three programs from two existing customers, one large commercial vehicle OEM and one industrial equipment manufacturer, to supply exterior parts of vehicles. These components are used in both internal combustion engines and electric vehicles.
Production for the first program will begin in 2024 while the start of production for the other two programs is planned for 2026. These programs generally last for a period of 10 years. The Corporation estimates that these programs will generate CAD$24 million (over USD$17,700,000) in annual sales at mature volumes along with a one-time tooling revenue of CAD$10 million (over USD$7,400,000). The Corporation has reportedly already secured the related manufacturing equipment to fulfill these orders and the expansion of the North Carolina facility is ongoing. These investments are part of NanoXplore’s 5-year strategic plan.