Total
0
Shares
First Graphene (ASX:FGR) - Non Executive Chairman, Warwick Grigor - The Market Herald
Non Executive Chairman, Warwick Grigor
Source: Hot Copper
  • First Graphene (FGR) has secured an agreement with Aquatic Leisure Technologies (ALT) for the supply of PureGRAPH graphene powders
  • For the next two years, First Graphene will supply at least 2.5 tonnes of PureGRAPH per year to be incorporated into ALT's fibreglass swimming pools
  • The companies have completed test work and trials to find that PureGRAPH improves flexibility and strength while reducing the potential for osmotic blistering
  • First Graphene shares are trading grey this afternoon, currently worth 14 cents each

First Graphene (FGR) has secured an agreement with Aquatic Leisure Technologies (ALT) to supply PureGRAPH products over the next two years.

ALT is a WA-owned and operated family business. The company is considered an industry leader in pool innovations and has built and installed over 52,000 pools since 1976.

Incorporating First Graphene's PureGRAPH graphene powders into the new range of pools will enable a brand new construction process to provide the next generation of fibreglass pool technology.

"Graphene is helping our customers to develop new products not previously seen with non-graphene technologies," First Graphene Managing Director Craig McGuckin said.

PureGRAPH additives claim to be the key to taking elastomers, composites, coatings and concrete materials to a new level.

ALT Managing Director Lynley Papineau spoke highly of First Graphene's tech.

"The implementation of PureGRAPH into our company’s range of swimming pools is the beginning of a new era for pre-moulded fibreglass swimming pools: greater strength, durability, water and chemical resistance," Lynley said.

The companies have spent the last two years conducting test work to incorporate PureGRAPH into the ALT resin systems used to construct swimming pools.

From these trials, First Graphene and ALT have demonstrated that small percentages of PureGRAPH graphene powders cause improved flexural strength. Immersion testing has also confirmed reduced sorption curves, which lowers the potential for osmotic blistering.

Following the initial two year term, exclusivity will continue as long as ALT achieves an annualised minimum order quantity. This initial minimum order quantity is 2.5 tonnes per year of PureGRAPH.

First Graphene shares are trading grey this afternoon, worth 14 cents each at 1:51 pm AEST.


Subscribe


FGR by the numbers
More From The Market Herald
Twenty Seven Co (ASX:TSC) accepted into JMEI scheme for second year

" Twenty Seven Co (ASX:TSC) accepted into JMEI scheme for second year

Exploration company Twenty Seven Co (TSC) has again been accepted into the Australian Government’s junior minerals exploration incentive (JMEI) scheme.
Parkway Minerals’ (ASX:PWN) December quarterly report sets 2020 in motion

" Parkway Minerals’ (ASX:PWN) quarterly shows there’s $2M in the bank

Parkway Minerals (PWN) has released its quarterly activities report, showing it has $2 million cash in hand.
SECOS (ASX:SES) changes offices, saves $140K

" SECOS (ASX:SES) changes offices, saves $140K

Sustainable and eco-friendly bioplastics developer SECOS Group (SES) will relocate its head office and has established a new technical centre.
AustSino Resources Group (ASX:ANS) replaces WAPRC with Midwest

" AustSino Resources Group (ASX:ANS) replaces WAPRC with Midwest

Mineral exploration company AustSino Resources Group (ANS) has entered into a binding subscription agreement with Midwest Resource Finance Group