AMD signs Memorandum of Understanding with First Graphene, a leading supplier of high-performing graphene products.
Intent to move to a Master Supply Agreement on completion of collaboration activities.
Advanced Material Development Ltd (AMD) is pleased to announce that it has entered into a binding Memorandum of Understanding (MoU) with First Graphene Limited (ASX:FGR) to collaborate in the ongoing development of AMD’s portfolio of conductive inks and the inclusion of First Graphene’s PureGRAPH® material.
The companies intend to combine AMD’s expertise in the design and development of functional nanomaterials and hierarchical assembly of material systems with First Graphene’s capabilities in the development, manufacture and supply of PureGRAPH®. Both companies intend to progress the arrangement to a Master Supply Agreement (MSA) and licencing within the coming months.
AMD has already developed a number of unique solutions based on this technology including sustainable RFID and flexible/stretchable sensors. It is also creating a broad range of innovative applications in conductive inks and coatings such as graphene-based, ultra-lightweight coatings targeted to attenuation of EMI shielding and radar mitigation.
John Lee, Chief Executive Officer of AMD said: "This is a milestone development for AMD and we are delighted to be partnering with First Graphene. AMD has continued to focus on developing application solutions for a growing global base of partners and as we approach deployment in key areas, the need to access a strong, consistent, scalable supply chain is essential. In First Graphene, we have found the perfect partner and I am excited to be working with their teams in both Manchester and Australia."
Michael Bell, Chief Executive Officer of First Graphene said: "We are very pleased to have executed this agreement with AMD. This is an ideal opportunity to leverage our PureGRAPH® unique feature set and work with AMD to deliver the company’s exciting portfolio of high performing, graphene enabled inks and coatings. This is a clear indication of the evolving go-to-market strategy of First Graphene, and of being able and willing to partner with specialist formulators to bring PureGRAPH® to global industries"