First Graphene (ASX:FGR) has secured three orders totalling $45,000, including a repeat order worth about $35,000 for conductive ink from a US defence customer, alongside its maiden graphene oxide sales.
The repeat order comes from an undisclosed US customer that uses graphene-based conductive inks to print circuits, sensors, and electronic components onto flexible and rigid surfaces. The customer reportedly expects demand to increase over the foreseeable future.
According to Managing Director Michael Bell, US defence is already a revenue-generating market for First Graphene.
“This order marks an important step in growing that business,” Bell says.
He adds that this customer has progressed “from smaller initial purchases to more significant orders”.
“With the customer now anticipating increasing demand, we have an opportunity to build revenue from an established position in a priority growth market.”
First Graphene also secured its first two graphene oxide orders, worth a combined $10,000. An international customer will use the material in thermal conductivity sheets to manage heat in consumer electronics, while an Australian customer plans to use it to enhance building and construction materials.
The company considers the contracts collectively material due to their combined value and the commercial milestone of entering the graphene oxide market.
First Graphene produces graphene oxide by adapting its electrochemical exfoliation process, offering a cost-competitive method of production with consistent quality.
“By adapting our established electrochemical process, we can produce consistent-quality graphene oxide at commercially competitive costs. These orders provide an initial route to market in consumer electronics and construction materials,” Bell says.
First Graphene is an advanced materials company that manufactures and supplies high-performance graphene products from its production facility in Henderson, Western Australia.
Write to Paula Fabe at Mining.com.au
Main image: First Graphene
