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- First Graphene (FGR) signs a two-year representation agreement with UK-based Protectology to grow a client base in the conductive coatings market
- Protectology develops surface protective coatings using nanotechnology to enhance the properties of products such as consumer electronics, automotive and industrial parts
- After months of research and coatings development, Protectology has launched its own PROGRAPH product line which is based off FGR’s PureGRAPH technology
- Protectology is now obliged to grow commercial opportunities for PROGRAPH which will in turn translate into PureGRAPH supply agreements across Europe
- FGR shares are up 2.5 per cent to trade at 20.5 cents
First Graphene (FGR) has signed a representation agreement with Protectology to grow a client base in the conductive coatings market.
Based in the UK, Protectology develops surface protective coatings using nanotechnology to enhance the properties of a range of products such as consumer electronics, automotive and industrial parts.
The two-year agreement gives Protectology the chance to develop commercial prospects using FGR’s PureGRAPH technology for surface protective coatings.
The companies have been working together for several months to research and develop coatings using the PureGRAPH product line. After months of collaboration, Protectology has launched its own product family-branded PROGRAPH.
Protectology is now working with several industry clients to develop novel surface protective coating solutions for anti-static and electrically-conductive applications. As the first of these collaborations, Protectology launched a sprayable coating for plastic surfaces.
Under the representation agreement, Protectology has a “best endeavours” obligation to grow commercial opportunities for the PROGRAPH range which, in turn, will translate into PureGRAPH supply agreements. There is no minimum supply contract in place under this deal.
First Graphene Managing Director and CEO Michael Bell said the deal was a strategic step into the coatings market and opened up new opportunities for the PureGRAPH product line to be incorporated into marketable products.
“It’s only the first step into a potentially huge and fast-moving market for PureGRAPH,” Mr Bell said.
“The launch of a PureGRAPH enhanced downstream product line, coupled with the opportunity to enter the European market have the potential to open the way to multiple new commercial revenue streams in the future.”
This deal marks First Graphene’s first commercial agreement with a company focused on the European market.
FGR shares were up 2.5 per cent to trade at 20.5 cents at 1:45 pm AEDT.
