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Sparc Technologies’ (ASX:SPN) coating delivers “exceptional” results

Materials
ASX:SPN      MCAP $22.69M
11 June 2021 02:00 (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.

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