Industry partner Sparc Technologies lists on the ASX
Sparc Technologies Limited (ASX:SPN) (Sparc or the Company) recommenced trading on the Australian Securities Exchange (ASX) on Monday 23 November at 10:09am AEDT following the successful completion of its acquisition via reverse takeover, of emerging South Australian graphene technology developer, Graphene Technology Solutions (GTS).
Sparc will focus on near-term commercialisation of revolutionary graphene-based, environmentally focused technologies, to enhance and disrupt multi-billion-dollar industries.The acquisition will see Sparc’s core business transition from coal and mineral exploration to the development and commercialisation of graphene-based products.
From GTS, Sparc will inherit strong industry partnerships and government support via the Australian Research Council’s Research Hub: Graphene Enabled Industry Transformation Hub in collaboration with the University of Adelaide (UA). One of the world’s leading graphene research universities, UA will become a shareholder of Sparc.
Sparc will leverage its exclusive Licensing, Strategic Partnership and Research Agreement with the University of Adelaide and collaboration agreement within the ARC Graphene Enabled Industry Transformation Hub involving five other Australian leading universities, to develop and commercialise graphene based products and technologies which all have significant environmental and economic benefits with industrial applications across many sectors. The Company has a strong pipeline of other potential graphene applications which it will seek to develop in due course.
For further information see Sparc Technologies' Media Release.