Investing in public graphene stocks - Page 15

Haydale Graphene Industries expects revenue for the year ending June 30 to be ahead of market expectations, reporting strong performance in its U.S operation. However, this revenue rise will reportedly be offset by higher administrative costs linked to investments and an increase in overheads. Haydale's shares fell 9.5% this morning after the company cautioned that project delays will impact its results for the year to 30 June 2023.

The company said a number of projects which had been expected to start this month have been delayed until the first quarter next year. Haydale says gross profit is expected to be in line with market expectations. Year-end net cash is expected to be neutral in comparison to financial year 2022. Haydale also foresees that the momentum will continue into financial year 2024.

The European Commission has announced the approval of the second Important Project of Common European Interest (IPCEI) for microelectronics with 68 projects spending up to €21 billion. This ICPEI will focus on energy efficient technologies, from sensors and microprocessors to 5G, automotive and graphene-based networking technology. 

“The green and digital transitions require new, advanced technological solutions,” said Margrethe Vestager, commissioner for competition. “This is why we must increase the Europe’s own chips research, development and production capabilities. We need to be pioneers and develop truly innovative solutions and their first industrial deployment in Europe.”

Versarien plans to regroup around its commercial graphene applications (Cementene and Graphene Wear) in order to promote a recovery, while also cutting costs to stabilize the business, as the Company stated while also reporting its interim results.

In the results statement, Diane Savory, Versarien’s chair, said: "The period under review was extremely challenging from a financial perspective, both from a balance sheet point of view and with the decline in graphene revenues reflecting the ending of the DSTL development contract”. Revenues in the six months to end March 2023 were £2.62 million (2022: £3.89 million), with losses of £3.4 million (2022: £2.16 million), while cash at the end of the period £0.76 million with a further £0.53 million raised since.

U.S-based Hememics, developer of a rapid handheld bio testing platform based on unique graphene-based sensors, has raised a $2 million seed round to help build its “lab in a hand” tech.

Maryland’s TEDCO led the Seed 2 round, though a company statement said that other existing investors and a strategic investor also took part. Hememics, founded in 2007, developed a handheld, multiplexed sensor platform for simultaneously testing antibodies, antigens and more in a blood test. The nine-person company was founded by CEO John Warden, a fintech and drug development alum, and chief scientific officer David Ho, a blood platelets expert.

Stellantis and Lyten have announced that Stellantis Ventures, the corporate venture fund of Stellantis, invested in Lyten to accelerate the commercialization of Lyten 3D Graphene™ applications for the mobility industry, including the LytCell™ Lithium-Sulfur EV battery, lightweighting composites, and novel on-board sensing. 

Lyten will aim to leverage the tunability of the material to enable enhanced vehicle performance and customer experience while decarbonizing the transportation sector. Lyten’s tunable materials platform has demonstrated significant reductions in greenhouse gas emissions and will advance the transition to sustainable mobility.

Graphene Manufacturing Group (GMG) has announced the signing of a binding Joint Development Agreement ("JDA") with Rio Tinto, with the goal of accelerating the development and application of GMG's Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million (over USD$3,900,000), in exchange for preferential access rights.

The JDA seeks to support the accelerated development of GMG's Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry. The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG's Energy Saving and Energy Storage solutions (announced May 2022). This JDA is effective immediately and is expected to last 2 years with payments spread over the term of the agreement. The JDA aims to co-develop GMG's Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept.

Graphenest, provider of innovative electromagnetic interference (EMI) shielding solutions for the electronics and automotive industries, has announced that it has raised 1.8€ million in funding to scale up its graphene cleantech production and its commercial business development. The funding was led by Ged Ventures and Portugal Ventures.

With this funding, Graphenest plans to expand its production capabilities and accelerate growth toward a circular economy, by expanding its portfolio of products and strategic partnerships with the industry's value chain. It is committed to deliver high-performance shielding products that can enable customers to replace metals that are dense, rigid, and energy & resource-intensive by graphene-based solutions

Ionic Industries has announced the signing of an agreement for the sale of its first product developed from the Company's portfolio of graphene technologies. Ionic Industries referred to the patented conductive coatings applied to geotextiles as 'one of the world’s first large-scale applications of graphene technologies'. 

The supply agreement with GeoFabrics Australasia is for the supply of conductive, coated geotextile for sale by GeoFabrics as their Bidim-C product. The Bidim-C product is used to detect holes and potential leaks in newly constructed dams and water tank projects.  The agreement is for the supply of Bidim-C over the next 12 months and will generate up to AUD$1,000,000 (over USD$664,000) in revenue for Ionic.

Directa Plus announced that revenues in 2022 were €10.9 million, up 27% from 2021 (€8.6 million). It's pre-tax loss actually rose to €5.3 million from €3.4 million in 2021.

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The company is now focusing on developing its core verticals, to expand its customer base and generate more revenue.