Elcora Advanced Materials (TSXV:ERA.V, OTCMKTS:ECORF) and Elephant Red Maple Leaves New Material Technology (Suzhou) Co., Ltd. (Elephant Red) have recently signed a groundbreaking deal that involves the production of graphene coatings applications.
Elephant Red has also pledged a $1 million investment to Elcora to achieve their plan of producing commercial products with graphene coatings. Once things get going, the graphene-coated products will be exported to Canada, Cambodia, Malaysia, Mexico and the Philippines.
The deal is part of a Private Placement, which involves up to 7.8 million units at $0.32 per unit to raise up to $2.5 million. A holder has the right to one common share and one common share purchase warrant. He or she will also have the option of buying an additional common share of Elcora for two years.
Graphene has the unique ability to enhance the materials it is applied to like batteries, sensors, solar panels, and electronics, among others. According to Graphene-Info, it has limitless possibilities due to its unique attributes such as possessing extraordinary electrical, thermal and optical properties, on top of being strong and lightweight. Graphene coatings are also resistant to chemicals, corrosion, fire, moisture and ultraviolet rays, per American Coatings Association. In the medical scene, graphene is also used in transplants because they are resistant to degradation.
Elcora, a vertically-integrated graphite and graphene company founded in 2011, is playing a major role in transforming different industries because of its cutting-edge products. It is a Canadian-based graphite producer with a graphite mine in Sri Lanka. Because of this, it can control production from an end-to-end perspective of the supply chain. Elcora is capable of mining, refining, producing and distributing its graphite products, which ensures its top quality.
The boom in lithium-ion batteries coincided with the search for better energy management and the emergence of electric vehicles to combat the worsening air pollution in the world. The Paris Agreement states that countries must bring down carbon emission to pre-industrial levels. Curbing reliance on oil-powered vehicles could make a big impact in reducing carbon emissions, and this fuels electric vehicle companies such as Tesla, Ford, Honda, Alphabet, Daimler and Apple to ramp up production of battery-powered cars.
Aside from Elephant Red, global defense and security expert Lockheed Martin Canada has also collaborated with Elcora for lithium-ion anode technology. Lockheed Martin Canada is a part of Lockheed Martin Corporation, which employs close to 100,000 employees globally.
Elcora Advanced Materials CEO Troy Grant expressed satisfaction with the deals.
“We are extremely pleased to announce this newly formed strategic partnership with Lockheed Martin. Lockheed Martin is a dominant leader in aerospace, defense, energy and advanced technologies with worldwide interests,” he added.
On the other hand, Lockheed Martin Canada General Manager Rosemary Chapdelaine expressed mutual admiration.
“The future of renewable energy is here, and Elcora is leading the way in producing clean graphite for the energy storage market. Elcora’s vision is two-fold in that it not only has plans to reduce the carbon footprint through green energy, but its anode material comes from a mine that has one of the highest grades of graphite in the world, thereby significantly reducing the need for harmful chemicals in the refinement process.”
As far as independent testing is concerned, Elcora earned a certification from the National Singapore University’s Centre for Advanced 2D Materials. According to findings, Elcora has produced derivatives with as much as 55 percent graphene content. That is considerably high, given that the other graphene companies can only muster 2-10 percent graphene content.
When global leaders in national defense and industrial coatings have trusted one company to supply them with high-quality graphene, it reflects how Elcora has managed to position itself atop the rankings in such as short period. It will not be a surprise anymore if other industry leaders will rely on Elcora to supply their graphene needs.
NASA is one of the companies that can benefit from graphene coatings. Researchers at the University of Naples Federico II in Italy are studying the effects of graphene coatings in corrosion protection. In the aerospace industry, protection against corrosion is crucial but without the added weight. This perfectly fits graphene coatings.
Freedonia projects that the global consumption of graphene will largely depend on its price reduction. With Elcora providing the world’s supply of high-quality graphene, it is not impossible to reduce its price in the near future. The applications are limitless and global industry leaders must take notice to take advantage of its benefits.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
Crypto breakdown: An Ethereum hard fork and the Fetch.ai network launches
The upcoming Istanbul Hard Fork will be the last stage of Ethereum network development associated with Ethereum 2.0. The activation...
Why are investors and startups are interested in EdTech?
Many companies are trying to facilitate the educational process using digital innovations. Today’s learning is not just about books and...
U.S. Authorities move to curb cannabis vaping
Vaping THC may cause serious diseases that have been tied to cigarette use. Fueled recently by a deadly lung illness...
Evotec and Celmatix plan to expand their strategic partnership
The stock of the biotech group Evotec (WKN: 566480), based in Hamburg, stands out positively. The reason may be the...
China Prepares for State Cryptocurrency by Censoring Anti-Blockchain Claims
China, the second-largest economic power in the world, is getting involved with cryptocurrency at a government level, in the hope...
- Featured4 days ago
How will Open API Technology impact the banking industry?
- Crypto6 days ago
Is Bitfinex manipulating the price of Bitcoin?
- Featured5 days ago
Berlin fintech Raisin aims to launch its savings platform in the US
- Featured5 days ago
Ant Financial is investing one billion dollars in Asian fintech startups