Sparc Technologies (ASX:SPN) reports it is progressing the commercial manufacture of graphene-based additives to be used for the coatings and composites markets.
The company says construction of a modular and scalable manufacturing facility which has been fully expensed for graphene based additive production is well underway in Adelaide with commissioning expected in Q1 2023.
This facility, employing proprietary ‘know-how’ will enable the production of commercial quantities of graphene based additives for the growing global coatings and composites market.
“Our ongoing comprehensive testing program with global tier 1 and 2 coatings companies continue to demonstrate the significant performance improvement of coatings and composites materials employing our products”
Sparc Technologies Managing Director Mike Bartels says: “We are pleased to advise that all equipment for the graphene based additives manufacturing facility has been delivered to site and construction is now underway.
This will enable Sparc to supply our global customer base with commercial quantities of ecosparc product for the coatings and composites markets.
Our ongoing comprehensive testing program with global tier 1 and 2 coatings companies continue to demonstrate the significant performance improvement of coatings and composites materials employing our products.
By improving coatings performance the frequency of asset maintenance can be significantly reduced which subsequently serves to reduce costs and importantly the environmental footprint associated with such activities.”
Sparc reports the commissioning of this production facility is a ‘substantial’ vote of confidence in the company’s ability to reach commercial agreements with our potential customers and an endorsement of the rigorous technical programs it has undertaken with numerous tier one and tier two coatings companies.
This step of being able to produce commercial quantities of graphene additive product will further support advanced technical and commercial collaboration discussions with global coatings customers.
The company also notes the facility can readily accommodate large-scale manufacturing to meet customer demand, and in addition its knowledge and intellectual property supporting Sparc technology is being protected with provisional patent filings.
The first of which is in the field of anti-corrosive coatings, and a number of further patent filings will occur in early 2023.
Sparc Technologies is an Australian company pioneering new technologies to disrupt and transform industry while seeking to deliver a more sustainable world.
Graphene is a major focus for the company, and it has commercialised graphene for a number of applications including marine and protective coating, as well as applications in renewable energy and construction materials.