First Graphene Limited Announces a New programme for the Vortex Fluidic Device - Share Price Witnessed in Green Zone

  • Feb 22, 2019 AEDT
  • Team Kalkine
First Graphene Limited Announces a New programme for the Vortex Fluidic Device - Share Price Witnessed in Green Zone

Advanced materials company, First Graphene Limited (ASX: FGR) has announced a new programme for the Vortex Fluidic Device (VFD) process technology to run at the University of Manchester. During the programme, the device will be located within the laboratories of First Graphene Ltd at the Graphene Engineering & Innovation Centre (GEIC), University of Manchester. Following the release of this news, the share price of the company increased by 7.407% on 22 February 2019.

The program will be initiated by Professor Colin Raston from the Flinders University College of Science and Engineering and Professor Colin will conduct a seminar at the University on 28 February 2019, followed by a series of meetings with experts based at the University. After that, a visit of Dr. Kasturi Vimalanathan is also scheduled to happen in March 2019. 

Dr. Kasturi Vimalanathan is a leading researcher in Vortex Fluidic Device, and she will be commissioning the VFD process in the GEIC laboratories. Dr. Vimalanathan will also coordinate evaluations of the VFD approach with researchers across the University departments.

Initially, Dr. Vimalanathan will be focusing on characterizing and evaluating the performance of the Green Graphene Oxide (gGo™) developed by 2D Fluidics using the VFD. It is expected that the programme will accelerate the understanding of gGo™ produced in various real-world applications.

Recently, the company applied for The National Industrial Chemicals Notification and Assessment Scheme (NICNAS) listing of PureGRAPH™ as the company believes that it is necessary for all producers of graphene to complete the NICNAS application for the CAS number of graphene.

The company has worked closely with its consultants to submit a comprehensive application. The company has provided items such as chemical characterization, toxicology, and environmental information, all of which required considerable research.

In November 2018, the company announced that it had received an order from newGEN Group for 2,000 kg of PureGRAPH™ range products. The products will be delivered during 2019, and they will be used in newGen’s Armour-GRAPH™ product range.

Earlier in October 2018, the company executed a Memorandum of Understanding (MoU) with The University of Manchester under which the company will provide graphene products for research to be undertaken by researchers at the GEIC (Graphene Engineering Innovation Centre).

Now, let us have a quick look at First Graphene Limited’s stock performance and the return it has posted over the last few months. The stock is currently trading at a price of $0.145, up by 7.407% during the day’s trade with a market capitalization of ~$55.85 Bn. The counter opened the day at $0.135 with the day’s high of $0.145 and touched the day’s low of $0.130 with a daily volume of ~183,154. In the last one year, the share price of the company increased by 3.85% as on 21 February 2019. It had a 52-week high price of $0.215 and touched 52 weeks low of $0.115, with an average volume of ~441,314.


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