First Graphene has reported a large purchase order for 2,000 kg (2 tonnes) of PureGRAPH range products from newGen for delivery during 2019. FGR states that this order represents a step change in the business as it starts to scale up for larger size orders. In addition, FGR says that the premium price to be received pursuant to the order "debunks the myth that graphene is expensive".
As previously reported, FGR is working closely with newGen Group to provide performance enhancement to their existing products. newGen Group has recently introduced a branded Amour-GRAPH product range of wear liners for bucket wheel, pipe spools and conveyor applications.
FGR states that PureGRAPH has been demonstrated to provide up to 37% improved tensile strength and improve abrasion resistance by 100% to 500% in high performance polyurethanes.
newGen has now issued a purchase order for 2,000kg (2 tonnes) of PureGRAPHTM to be drawn down as it wins tenders during 2019. There is one final regulatory approval required before the first sale is effected, being the registration of graphene by the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia.
Similarly, the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) needs to be completed for sales in the European Union. These registration processes are currently underway and are not expected to provide any meaningful delays.