First Graphene (ASX:FGR) Investor Update

First Graphene Limited (ASX:FGR) has released an investor update, highlighting the increasing demand for its PureGRAPH® in various applications such as sports apparel, bearing lubricants, and fire-retardant construction materials. The company's Commercial Manager, Neil Armstrong, will provide further details in presentations at Vertical Events' New World Metals Investment Series in Melbourne and Sydney.

Executive Commentary

The increasing demand for our PureGRAPH® in diverse applications is a testament to the exceptional properties and performance it offers. We are excited about the opportunities this presents for us to expand into new global markets and solidify our position as a leading supplier of graphitic materials. The ongoing optimization of our R&D capabilities and product range has been instrumental in securing these commercialization opportunities, and we are committed to further refining and improving our offerings to meet the evolving needs of the industries we serve.

Summary

First Graphene (ASX:FGR) has reported a surge in demand for its PureGRAPH® across various sectors, including sports apparel, bearing lubricants, and fire-retardant construction materials, leading to a strong forward-looking order book. The company's strategic focus on commercial growth and ongoing R&D optimization has paved the way for securing new global markets and partnerships. With a robust manufacturing platform and scalable technologies, First Graphene is well-positioned to capitalize on the increasing demand for its high-performance graphene product range. The company's outlook for FY24 appears promising, with a forward-looking order book of approximately A$500,000, setting the stage for continued revenue growth and results. First Graphene remains committed to accelerating commercial opportunities, maximizing existing agreements, and expanding its global distribution networks to drive sustainable growth and innovation in the industry.