- Nanotechnology specialist PPK Group (PPK) has entered a trading halt ahead of a capital raise
- PPK manufactures and commercialises batteries, ballistic armour, dental products, mining technology, and boron nitride nanotubes (BNNTs)
- In fact, PPK recently entered a joint venture research agreement with Deakin University and Amaero Alloys to develop an aluminium alloy for the aerospace and defence industries using its BNNTs
- The joint venture partners are commencing research this month
- However, it remains unclear how much PPK is looking to raise or what the funds will be used for
- PPK last traded at $6.10 on Tuesday, November 24
PPK Group (PPK) has entered a trading halt ahead of a capital raise.
The company will remain in the trading halt until Friday, November 27, unless details of the raise are released earlier.
Through its subsidiaries, PPK develops, manufactures and commercialises boron nitride nanotubes (BNNTs), batteries, ballistic armour, dental products, and mining technology.
Recently, the company entered a joint venture research agreement with Deakin University and Amaero International’s subsidiary, Amaero Alloys.
Together, the companies are developing a ‘super strength’ aluminium alloy for the defence and aerospace industries. The alloy will include BNNTs in the formula which are extremely flexible, excellent thermal conductors and are stronger than any metal or carbon fibre.
PPK Group and its joint venture partners are commencing research this month.
At this stage however, it is unclear how much PPK is looking to raise or what the funds will be used for.
PPK last traded at $6.10 on Tuesday, November 24.