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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