First Graphene Announces Binding MoU with SupremeSAT for Provision of Graphene in Miniature Satellites | Finance News Network

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First Graphene Announces Binding MoU with SupremeSAT for Provision of Graphene in Miniature Satellites

Highlights

• Binding Memorandum of Understanding between the Company and SupremeSAT (Private) Limited

• SupremeSAT are aiming to become the largest assembler of miniature satellites in Asia

• Satellite market predicted to grow to US$4.97bn by 2025

• The MoU will seek the commercialisation of graphene in SupremeSAT’s Miniature Satellite Assembly Project

The Project

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to advise it has entered into a binding Memorandum of Understanding with SupremeSAT (Private) Ltd for the development of graphene enhanced componentry for SupremeSAT’s Miniature Satellite Assembly Project. This represents a promising new field of opportunity for the deployment of graphene which seeks to utilise the qualities of strength, heat resistance and radiation shielding.


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