NeoGraf Solutions and First Graphene Announce Technology Partnership
LAKEWOOD, OH – NeoGraf Solutions, a developer and manufacturer of high-performance natural and synthetic graphite sheet and powder, has signed an exclusive technology partnership agreement with First Graphene Ltd., a supplier of high-performance graphene products located in Australia. The 10-year deal sets the stage for growth for NeoGraf’s graphene products in a range of U.S. markets and applications, including coatings, adhesives, sealants and elastomers (CASE).
NeoGraf reports that the agreement is an integral part of its growth plan and ongoing investment in the dynamic graphene market space. Jon Taylor, NeoGraf Product Manager, explained, “This agreement will fuel growth for NeoGraf across all our target markets. Our partnership with one of the world’s preeminent graphene producers is a natural extension of our Graf-X™ product line.”
The agreement provides NeoGraf with graphene products and solutions that extend its range and industry reach and expand its position as a graphene technology company in North America. NeoGraf will sell First Graphene Ltd.’s PureGRAPH® products under its Graf-X™ brand, which has an established position in the U.S. market. With strong expectations of growth, the 10-year agreement to develop and grow the U.S. graphene market is subject to performance measures that commence with minimum volume commitments increasing five times the initial volume over the life of the agreement.
The deal reportedly provides a direct path for PureGRAPH products into several established and emerging sectors in the United States. Michael Bell, First Graphene Managing Director and CEO, said, “Not only is NeoGraf a well-known, U.S.-based company, it has a strong reputation and relationship with key organizations in target industries that know and understand how graphene can benefit them.”
For more information, visit www.neograf.com.
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