- HydroGraph (HG) and LOLC Advanced Technologies plan to commercialize a novel graphene blend
- The new product incorporates HydroGraph’s fractal graphene and LOLC-owned Ceylon Graphene Technologies’ reduced graphene oxide
- The blend has been shown to improve the charge acceptance of lead acid batteries by 47 per cent
- CEO Stuart Jara spoke with Coreena Robertson about the news
- HydroGraph funds and commercializes green processes to manufacture graphene and other strategic materials in bulk
- HydroGraph Clean Power (HG) last traded at $0.135 per share
HydroGraph (HG) and LOLC Advanced Technologies plan to commercialize a novel graphene blend.
LOLC AT is a wholly owned subsidiary of LOLC Holdings that explores sustainable business opportunities in science and technology.
The agreement will involve Ceylon Graphene Technologies (CGT), the first company in Sri Lanka producing high-quality graphene and carbon-based advanced materials, which LOLC AT owns a majority stake in.
The new product, which blends HydroGraph’s fractal graphene and Ceylon’s reduced graphene oxide, has been shown to improve the charge acceptance of lead acid batteries by 47 per cent.
CGT will run all product tests and analysis, while HydroGraph will lead and coordinate sales and marketing.
Management projects the lead acid battery market to be worth more than $47 billion by 2030, partially driven by electric vehicle demand. It sees an additional potential $2.5 billion in value in the global graphene market.
HydroGraph and LOLC AT will formalize their partnership over the coming months.
CEO Stuart Jara spoke with Coreena Robertson about the news.
HydroGraph funds and commercializes green processes to manufacture graphene and other strategic materials in bulk.
HydroGraph Clean Power (HG) last traded at $0.135 per share.