The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Sparc Technologies (SPN) receives promising results from its graphene-based additives for use in improving the performance of anti-corrosion coatings
  • Sparc’s test work program used smooth, cold, rolled steel panels with 150 microns of Epoxy coating, which were subject to 1344 hours of salt spray
  • The control panels had no graphene added to the paint, while the panels that were trialled with added graphene showed up to 62 per cent improvement in corrosion resistance
  • Sparc Technologies is up 7.02 per cent, trading at 30.5 cents at 4:20 pm AEST

Sparc Technologies (SPN) has received promising results from its graphene-based additives for use in improving the performance of anti-corrosion coatings.

Sparc’s recently completed test work program used smooth, cold, rolled steel panels with 150 microns of Epoxy coating, which were subject to 1344 hours of salt spray.

The coatings used are commercially available Epoxy coatings from leading coating companies, to which Sparc added its proprietary graphene.

The control panels had no graphene added to the paint, while the panels with graphene added showed up to 62 per cent improvement in corrosion resistance.

For one particular additive, this high level of improvement was seen consistently across a range of commercial coating types.
 
Sparc says its addressable coating market is estimated to reach US$44 billion (around A$56.9 billion) by 2025.

“Once again Sparc’s proprietary graphene coatings technology demonstrates its superior ability to substantially improve the corrosion performance of commercially available coatings,” said Sparc CEO Mike Bartels.

“These results will provide an enormous benefit to our continued discussions with the global coatings companies that are looking to commercialise our coatings technology.”  

“Furthermore, Sparc is undertaking graphene test work on 12 separate coatings projects and the ongoing anti-corrosive work program will benefit our optimisation work in other coatings projects such as antifouling, anti-bacterial, anti-viral and drag resistance.”

Sparc Technologies is up 7.02 per cent, trading at 30.5 cents at 4:20 pm AEST.

SPN by the numbers
More From The Market Online
The Market Online Video

Meet Sun Silver – ASX’s newest silver-gold player based in Nevada, USA

The ASX has picked up another miner, with Sun Silver Limited the newest silver-gold explorer to list…

Errawarra’s pegmatite discovery in WA Pilbara strikes gold on ASX

Errawarra Resources Ltd has seen its share price rise by 100 percent on news of a…
The Market Online Video

Magnum to raise US$210M to advance Saudi green pig iron plant

Through NASDAQ-listed VCCL and 2x1.Digital, Magnum Mining is kicking off a US$210M capital raise for its…

D3E joins ASX as it hunts natural gas and helium in South Africa

D3E Energy will begin trading on the Australian Stock Exchange at 11 am today, having listed…