Far East Capital Newsletter
Purchase order signals the inflection point for graphene
2 Dec 2018

In This Issue

Purchase order signals the inflection point for graphene

Last week First Graphene confirmed its world leadership in the graphene business with the announcement of a purchase order for 2,000 kg of PureGRAPHâ„¢ to mining equipment supplier, newGen, for use in abrasion resistant polymer liners for heavy duty mining equipment. newGen supplies mining companies such as BHP, Fortescue and RIO, amongst others. The longer life of the new range of liners will mean reduced maintenance down-time for the mining companies, maximising their efficiency of capital.

The significance of the purchase order is two fold. Firstly, it confirms the leadership of FGR’s product, vindicating a two year program to build production capacity with high quality controls, to enable a standardised commercial product acceptable to industry.
Secondly, a sale of this size takes the graphene business from being a concept overflowing with hyperbole to a real world industrial growth business. It takes graphene out of the laboratory and into industry in what looks like an inflection point in its large scale commercialisation. 

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