Re: Far East Capital.
Purchase order for PureGRAPH™ Last week First Graphene confirmed its world leadership in the graphene business with the announcement of a purchase order for 2,000 kg of PureGRAPH™ 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. Since newGen announced its ArmourGRAPH™ range of PureGRAPH™ enhanced products its phone has been running hot with enquires from companies wanting to know how they can use graphene in their equipment. That is a fair indication that there will be many more orders in the pipeline. Shareholders can be looking forward to news flow from FGR on additional product verticals as we come into 2019. It is game on for the graphene business.
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GAME ON FOR GRAPHENE !!
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