First Graphene is ready to start making money
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Special Report: Following a conservative approach gaining the right approvals and meeting with industry stakeholders, First Graphene is ready to start capitalising on its technology.
Advanced materials maker First Graphene (ASX:FGR) has been taking it slow as it works to commercialise its graphene products.
Rather than, as director Warwick Grigor puts it, “over-excite the market with some Disney fantasy that may or may not happen”, the company has been ensuring it ticks all the behind-the-scenes boxes that will allow to hit the ground running when it is ready.
Those boxes include approval from the European Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) consortium, which allows FGR to sell its PureGRAPH™product at up to 10 tonnes per year in Europe, as well as registration with the Australian Inventory of Chemical Substances, making its graphene an approved nano-material at home.
“We have preferred to be a little more responsible, setting ourselves up to make real and tangible impact,” Mr Grigor says. “If you excite the share market in the short term but can’t deliver in the longer term it’s all going to just fall in a heap.”
Mr Grigor says that hard work has laid a solid foundation for the company, which is generating interest from a wide range of industries.
Those include the mining industry, where it is strengthening miners’ equipment, fire prevention, the construction industry, coatings, coolants, workboots and polymer manufacturing — FGR is supplying PureGRAPH™ 20 to companies making things out of polymers, which have a massive range of uses.
The company also recently started talking to the automotive industry, speaking at the Graphene Automotive industry earlier this month about the potential uses of PureGRAPH™ in a vast range of automotive applications, from coolant to coatings and more.
Mr Grigor now believes that First Graphene is ready to pounce and start making some serious waves in the market.
“The time is now. We have de-risked the company by meeting with industry stakeholders and secured the proper approvals, we’ve proven we can produce PureGRAPH™ consistently at a commercial scale and now we are at the inflection point where sales are about to start,” he told Stockhead.