HOME-GROWN Nasdaq-bound Graphjet Technology Sdn Bhd has inked a memorandum of agreement (MOA) with Quantum Science Ltd, a UK-based leading developer of quantum dot and ink technology to explore technical and commercial opportunities for the development of a quantum dot and graphene-based materials device platform.
Graphjet Technology which is the world’s leading graphite and single-layer graphene producer is en route to a listing on the Nasdaq Exchange following its merger with special purpose acquisition company (SPAC) Energem Corp which will be responsible for the funding of the development of the platform while Quantum Science is responsible for the development of the platform.
GTI is expected to contribute up to £5 mil (about RM25.24 mil) towards the platform’s development during the term of the deal or around a three-year period.
“This collaboration provides an opportunity for the group to push forward the adoption of the super material, graphene,” commented Graphjet’s chairman Lim Hooi Beng
“We share the common view that just as graphene has driven us to the brink of a materials revolution, quantum dot technology will redefine machine vision and disrupt the imaging and sensor market.”
According to Lim, the group is confident that the collaboration with QS will add value to GTI in terms of its brand recognition, technology development and the marketing of its products.
Quantum Science is a world-leading quantum dot developer with proven track record of commercialising quantum dot technology to global markets and demonstrable experience in scaling businesses.
It has successfully developed the best-in-class infrared quantum dot ink and aims to establish its global leadership in imaging and sensing, infrared LEDs and solar markets.
Meanwhile, Graphjet’s technology innovation transforms waste palm kernel shells into super material, single-layer graphene which is in high demand for various technology industries. This has driven the group’s rapid progress as a sustainably sourced producer of graphite and graphene at a significantly lower cost than its competitors in the market.
The MOA will see both QS and Graphjet share their expertise and advance both companies’ technology offerings to their customers.
Under the MOA, both Graphjet and Quantum Science will also consider the opportunity to develop a number of projects, including (but not limited to) a quantum dot and graphene-based materials device platform which may lead to marketing, promotion and sales opportunities in respect of resulting products.
Both Graphjet and QS have agreed to co-market and promote sales of any resulting products arising from the platform.
The MoA sets out the principal terms and conditions for the collaboration and is subject to the agreement and signing of a formal agreement.
The development of the flagship new materials platform will start as soon as the agreement is finalised in early 2023.
“We have taken proactive measures to look for collaborations with strategic partners with the same vision as us to market our products,” enthused Lim. “As a result, demand for graphene is gradually picking up and we are confident that the finalisation of this agreement will accelerate our growth prospect.”
Meanwhile, Quantum Science’s CEO Dr Hao Pan is delighted to partner with Graphjet Technology to advance the company’s innovation and product offerings to its customers.
“Both quantum dot and graphene materials have great potential synergies and offer unparalleled technical advantages for a wide range of applications that can only benefit our customers, end-users and stakeholders alike,” added Hao. – Nov 2, 2022