First Graphene (FGR) has announced that it has signed an exclusive technology partnership deal with U.S-based NeoGraf Solutions to develop and grow the graphene market in the U.S.
Under the 10-year agreement, graphite materials provider NeoGraf will sell First Graphene’s PureGRAPH products under the U.S company’s Graf-X brand, which has an established reputation in the U.S market, according to First Graphene.
Increasing the minimum to 10 tonnes per annum in year four onwards generates annual revenues for First Graphene of between $1.5 million and $1.8 million, again depending on product mix and based on current pricing models.
If the annual minimum tonnages are not met, the agreement reverts to a non-exclusive arrangement.
This deal provides a direct path into several established and emerging sectors in the U.S, First Graphene Managing Director and CEO Michael Bell said.
Not only is NeoGraf a well-known, U.S-based company, but it has a strong reputation and relationships with key organizations in target industries that know and understand how graphene can benefit them.