Grafoid have signed a two-year R&D agreement with the University of Waterloo to investigate and develop a graphene-based composite for fuel cells and super-capacitors for the automotive and/or portable electronics sectors. The new material can be used to make electrodes, nanocatalyst support, electrolyte membranes and bipolar plates, transparent electrodes and other potential applications.

Grafoid also says that they expect to announce several additional development projects in 2013. Grafoid is a private company based in Canada that produces graphene on a commercial scale using their proprietary extraction process. Grafoid is partly (40%) owned by Focus Metals.