Graphjet announces agreement with Quantum Science
Graphjet Technology (Graphjet) has announced a partnership with UK headquartered Quantum Science for Nanomaterials and Quantum Dot Technologies.
Graphjet’s memorandum of agreement with Quantum Science, a developer of quantum dot (QD) solutions, will see the companies explore the technical and commercial opportunities of working together.
Plans are already underway for the two parties to create a flagship new materials platform, with work due to start as soon as the agreement is finalised in early 2023.
The companies will co-develop a range of new products, with the aim of bringing new growth opportunities and improving the lives of hundreds of millions of people around the world.
Patrick Teh, Director UK and Europe at Graphjet, said that the collaboration with Quantum Science will “combine the strength and wisdom from both companies”, adding that “the perfect property synergy of graphene and QDs can make a revolution”.
Quantum Science’s QD technology promises to revolutionise the multi-billion dollar industries reliant on shortwave infrared (SWIR) imaging and sensing by simplifying how QDs can be manufactured and applied.
The company’s solutions have promising applications for fields including facial recognition, advanced IoT sensors, night vision enhanced security monitoring, and long-range automotive Lidar, among many others.
The memorandum of agreement will see Quantum Science share its expertise with Graphjet to advance both companies’ technology offerings to their customers.
Kuala Lumpur-based Graphjet transforms waste palm kernel shells into high-demand graphene materials for a range of technical industries.
In August, it was announced that Graphjet will become a wholly-owned subsidiary of Energem, a special purpose acquisition company, after which it will be renamed Graphjet Technology and will be listed on the Nasdaq Global Market – a stock market that lists companies with an overall global leadership and international reach with their products or services - under the ticker symbol ‘GTI’.
The partnership between Graphjet and Energem has been approved by the boards of directors of Energem and Graphjet, subject to, among other things, the approval by Energem’s shareholder, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions, including a registration statement being declared effective by the SEC and approval by The Nasdaq Stock Market to list the securities of the combined entity.
Aiden Lee, CEO of Graphjet, said: “We are excited to team up with Quantum Science, a world leading QD innovator and developer, to advance our graphene products development and offerings. It will enable our ever-increasing customer base to access to the most advanced materials platform at unparalleled cost advantages, introducing new features and bringing significant value to their businesses. We are pleased to continue our rapid forward progress as a sustainably sourced provider of graphite and graphene at a price that can be 80% less than competitors in a market using carbon-intensive production means resulting in lesser quality materials.”
Dr Hao Pang, CEO of Quantum Science, commented: “We are delighted to partner with GTI, a world-leading graphite and graphene producer, to advance our innovation and product offerings to our customers. Both QD 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.”