A pretty good QTR report,
It is fantastic to finally see how many companies, location and what industries we are working in.
We also have Concrete and Firestop updates,
FireStop™FGR holds the global licencing rights to graphene-based fire-retardant coatings. The Company is in discussion with a specialist formulating company to jointly develop a commercial coating product, initially for the timber construction market. This is a complex product requiring extensive testing for specific applications in specific regional markets. In parallel, FGR is evaluating the FireStop™ technology in elastomers, composites and foams.
Concrete Further laboratory cement mortar samples have been screened at the University of Adelaide using a graphene stream from the Henderson facility which requires less processing and will therefore be easier to produce for the building industry. Results from 7 and 28 day tests provided improvements on both compressive strength and tensile strength of 30.1% and 38.6% respectively using a graphene addition rate of 0.02%.
The next quarter will see concentration on repeating the results achieved using different graphene batches and commence testing aggregate concrete and the effect of graphene on permeability. FGR has received increased customer interest in the opportunity that very small additions of PureGRAPH® can make to the physical mechanical characteristics of cementitious materials in a cost effective manner.
I would have thought the Concrete results would have warranted its own ASX announcement,
IMO it would appear these results maybe from using a thicker graphene (micrographite) rather than ISO definition graphene 1-10 layers.
VFD - long overdue IMO,
Vortex Fluidic Device
The Company has also identified the scale up parameters, identified how FGR can resolve processing issues and have identified a novel way of introducing functionality on graphene platelets using a commercially available device.
Process scale up First Graphene has developed the capability to operate the equipment in a continuous flow profile to produce oxidised graphene platelets. Through the collaborative work between First Graphene and Flinders University, FGR has identified potential routes to scaling up the process and understanding product quality. The next testing phase will establish the parameters required and potential scale up opportunities.
Only complaint, the sales in the QTR report are tiny $14k, this is significantly below my expectations. Current cash balance $5.78 Mil
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