Special Report: newGen, the mining and industry solution provider that has been working with high-quality Australian graphene producer First Graphene, has increased an order by half.

First Graphene (ASX:FGR) told shareholders today that newGen had increased its order of PureGRAPH products by one tonne to 3,000kg, a 50 per cent increase on its November 2018 order.

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The two have been working together since October last year: First Graphene’s PureGRAPH range of graphene powders were used in tests with newGen to determine if they were able to strengthen critical mining equipment.

Those tests were so successful that by the following month newGEN had placed an order for 2,000kg, with newGen chief Ben Walker saying his company had generated “considerable interest” from the graphene-enhanced products.

The new deal will deliver up to $900,000 in revenue for First Graphene, while newGen plans to integrate the graphene into piping spools for the lithium industry. 

Piping spools for the lithium industry. Pic: First Graphene

The use of graphene in newGen’s Armour-GRAPH products, which have been supplied to the company’s iron ore customers, provides considerable mechanical improvements in tensile and tear strength and abrasive resistance. 

Development research with other polyurethane elastomers and thermoplastic polyurethane (TPU) is being conducted to retain these mechanical improvements while also providing fire retardancy benefits. 

First Graphene says it is expected that continuing work with suppliers to the mining industry will result in many more applications being adopted into the near term.

“The increased order from newGen is testament to the strength of our strategic working relationship. With the PureGRAPH products already shown to be highly effective in the iron ore industry we are excited to see the benefits graphene-enhanced equipment will bring to the lithium industry,” Peter Youd, CFO of First Graphene, said.

This story was developed in collaboration with First Graphene, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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