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First Graphene: Fire retardants on the way to commercialization

Together with the University of Adelaide (UoA) has Graphengesellschaft First Graphene (WKN A2ABY7 / ASX FGR) developed a fire retardant coating called FireStop over a period of three years. Now there are interested parties to commercialize the product!

The tests carried out with the UoA had shown that FireStop is far more effective and efficient than competing products when applied to different wooden cladding panels. Adhesion tests were also carried out on wood, aluminum and plastic.

The test results seem to have definitely pleased the Australian company TPR2, as they and their Australian sales company Exfire have agreed to work with First Graphene on the basis of FireStop on the commercialization of a fire-retardant coating that uses First Graphene’s PureGRAPH product. According to initial analyzes, FireStop is considerably more cost-effective than competing products and is therefore a preferred product for both technical and economic reasons.

Even if First Graphene does not talk about the timeframe of this process in today’s announcement and it is not yet clear what financial impact this development could have for the company, we see these commercialization intentions as an important step forward for First Graphene, as it is a further application of PureGRAPH approaches commercialization.

As far as the prospects for success of the future product are concerned, we also consider First Graphene’s statement that many fire retardant products currently on the market contain halogenated materials that are now to be phased out of the market for environmental reasons.

We keep the readers up to date on further developments in the numerous, promising areas in which First Graphene is active.

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In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that clients, partners, authors or employees of GOLDINVEST Consulting GmbH can hold shares in First Graphene and thus a conflict of interest may exist. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values ​​recommended by us during the same period. Therefore, symmetrical generation of information and opinions can occur during this period. Furthermore, there is a consulting or other service agreement between GOLDINVEST Consulting GmbH and a third party in the issuer’s warehouse (First Graphene), which creates a conflict of interest. This third party may also hold, sell or buy shares in the issuer and would benefit from a rise in the price of First Graphene’s shares. GOLDINVEST Consulting is remunerated by this third party for the creation of articles on First Graphene, which represents a further conflict of interest.

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