- First Graphene (FGR) signs a distribution agreement with Auckland-based GtM Action
- GtM Action will act as the exclusive distributor of First Graphene’s PureGRAPH products in New Zealand
- Even small additions of PureGRAPH can lead to a 34 per cent increase in the compressive strength of concrete and a 27 per cent increase in tensile strength
- GtM Action also has the non-exclusive right to sell graphene into other sectors within the New Zealand market
- First Graphene is up 1.79 per cent to $0.28 per share at 3:38 pm AEST
With its sights set on New Zealand’s concrete industry, First Graphene (FGR) has signed a distribution agreement with Auckland-based GtM Action.
According to the terms of the deal, GtM Action — which focuses on applications for graphene technology across multiple sectors — will act as the exclusive distributor of First Graphene’s PureGRAPH products.
Research has shown that even small additions of PureGRAPH can lead to a 34 per cent increase in the compressive strength of concrete and a 27 per cent increase in tensile strength. Other benefits include reducing water permeability and providing anti-corrosion protection for steel reinforcements.
GtM Action will also have the right to develop commercial opportunities for graphene technology, and has the non-exclusive right to sell graphene into other sectors within the New Zealand market.
“We have an exciting opportunity to help improve productivity throughout the New Zealand construction sector while also reducing the carbon footprint of the industry,” said Mike Ogle, Managing Director of GtM Action.
“With the continual innovation of 3D concrete printing and the incorporation of graphene reinforced mortars, some of the age-old manufacturing processes will be challenged.”
GtM Action said it already has a number of customers evaluating the use of PureGRAPH, one of which is on the cusp of introducing graphene for use in storage sheds for dangerous goods, products for landscaping and various agricultural applications.
First Graphene CEO Michael Bell said the partnership with GtM Action is focused on extending the company’s sales reach and the awareness of graphene technology.
“We look forward to working with GtM to develop commercial opportunities in New Zealand and in doing so, to further prove the benefits of our PureGRAPH product to the concrete industry globally,” he said.
First Graphene is up 1.79 per cent to $0.28 per share at 3:38 pm AEST.