Investing in public graphene stocks - Page 25

In December 2020, Advanced Material Development (AMD) announced that it secured its first contract under the Defense Science and Technology Laboratory (DSTL) Weapons Sector Research Framework (WSRF), worth £125,000 (around USD$166,700). Since then, AMD received a further award for its ongoing collaborative camouflage work with the United States Army.

Now, AMD announced that it has received further funding from the Office of the Secretary of Defense for its proprietary ChamEM signature management program collaboration with the US Army.

Ionic Industries has announced the conclusion of a takeover of Imagine Intelligent Materials, including plant and equipment, IP and commercial relationships.

With this acquisition, Ionic intends to become a major Australian graphene player, with a portfolio of advanced nano-technologies covering energy storage and sensing applications. Ionic has paid approximately AUD$600k (around USD$434,000) cash and 30 million Ionic shares.

Specialty chemical company, MITO Material Solutions, raised $4.6 million dollars in a funding round that closed in late January. Funding came from a seed extension by existing and new MITO investors such as specialty chemicals solutions provider, Ingevity Corporation, and will be used to expand MITO’s Indianapolis operations, including new lab space for developing industry leading products and new composite material technologies.

MITO’s portfolio of advanced polymer additives includes a proprietary graphene-functionalization technique that creates E-GO, a hybrid polymer modifier currently in production and reportedly in use in several industries. MITO states that its additives enhance fiber-reinforced composites and thermoplastics beyond standard performance metrics and are engineered to integrate into existing production lines at an extremely low concentration with proven compatibility in a variety of material combinations.

U.S-based graphene flakes producer Avadain has announced that it will upscale its environmentally friendly process to mass production as part of a two-year project funded by a $3.77 million grant from the U.S. Department of Commerce’s National Institute for Standards and Technology (NIST).

We are excited to unleash the Graphene Revolution by making large, thin and nearly defect free graphene flakes available in industrial volumes and acceptable cost, says Bradley Larschan, CEO of Avadain.

Novusterra, a US-based graphene producer has filed for an IPO at the NASDAQ. The company hopes to raise about $15 million in the public offering. If successful, the company's ticker will be NOVS.

For 2021, Novusterra reported zero revenue and a net loss of $308K for 2021. With the proceeds from the IPO the company plans to build a plant for its joint venture with American Resources Corp. to manufacture graphene using technology licensed from Ohio University. It also plans to fund joint ventures with or acquisitions of companies using alternative methods to produce graphene or graphene products, along with general corporate purposes.

Haydale has announced that it has been awarded funding of £168,573 (around USD$226,250) to develop high barrier monolayer films for food packaging by Innovate UK, the UK's innovation agency.

Haydale Composite Solutions Ltd ('HCS'), will lead the consortium of nine companies - BASF, Bangor University, Cambridge Nanomaterials Technologies, Dunbia, Fre-Energy, Parkside Flexibles, Recycling Technologies, and Wells Plastics - to develop the next generation of high barrier films for food packaging using functionalized nanomaterials ("HiBarFilm2 Project"). The HiBarFilm2 Project is due to start in March 2022 and is expected to run for 30 months. It follows the success of the HiBarFilm feasibility study where functionalized nanomaterials were shown to influence barrier performance in films.

Graphene producer NanoXplore announced that it is raising $30 million CAD, selling shares to a syndicate of underwriters led by National Bank Financial Inc. and Canaccord Genuity Corp.

NanoXplore says it will use the funds for general corpoate purposes - which may include potential acquisitions. A few months ago the company announced it has acquired Canuck Compounders, a privately held plastic recycling compounder that provides sustainable and engineered recycled plastic compounds.

UK-based graphene developer Haydale announced its unaudited interim H1 FY2022 results (the six months that ended on 31 December 2021). The company's revenues were £1.19 million (down from £1.28 million in H1 FY2021) and a loss of £1.75 million (up from £1.08 million last year).

Haydale says that it progressing on many of its functionalisation based nano projects, and its planned delivery of the new HT1400 reactor will git it additional capacity and allow for cost-effective material processing on a large scale. Haydale is also pleased to see the early signs of recovery in the aerospace market and wider cutting tools market.

Cambridge Raman Imaging (CRI) has announced it was selected to coordinate a project that received a €3.3 million grant in the European Innovation Council’s (EIC) Transition call.

The project, called CHARM, aims to develop a medical device based on high-speed, low-cost Raman digital imaging technology and artificial intelligence to transform cancer diagnosis and treatment. The technology will analyze the molecular composition of patient tissue samples to distinguish cancerous from healthy cells without the need for chemical staining.

First Graphene-led consortium of partners has been awarded a UK Government grant to develop high performance graphene-enhanced cement.

The grant of A$360,206 (around USD$258,500) was awarded by the UK Government’s innovation agency, Innovate UK to the consortium, which includes construction materials group Breedon Cement Ltd, construction and regeneration group Morgan Sindall Construction & Infrastructure Ltd, and the University of Manchester’s Department of Mechanical, Civil and Aerospace Engineering.