en.Wedoany.com Reported - First Graphene Ltd (ASX:FGR, OTCQB:FGPHF, FRA:M11) recently announced the acquisition of Mito, a move that Managing Director and CEO Michael Bell said will significantly expand the company's commercial opportunities and strengthen its business presence in the US market.

First Graphene is a commercial graphene producer operating a large-scale manufacturing facility with an annual capacity of up to 100 tonnes. The company currently has approximately 35 recurring customers on repeat production plans, covering multiple application areas such as cement, concrete, conductive inks, carbon fiber, and textiles, with about 50 potential opportunities in the near-term pipeline being advanced.

PureGRAPH® is the company's core graphene product line, offering various specifications that can be customized to meet customer needs. The acquisition of Mito introduces functionalized graphene and graphene oxide technologies, broadening the product portfolio and enabling the company to address a wider range of industrial applications compared to single-product-line manufacturers. Bell highlighted four core values of this acquisition: gaining functionalization technology, increasing existing customers and revenue streams, validation in commercial products and industrial applications, and directly enhancing presence in the US market. According to him, Mito has established a pipeline containing hundreds of opportunities, with approximately 25 projects nearing commercial execution, primarily focused on aerospace, defense, and transportation sectors.

In terms of specific application cases, Bell mentioned a UK powder coating customer that spent three years developing a graphene-enhanced anti-corrosion coating, which offers two to three times better performance than traditional alternatives. This customer has now transitioned from development to commercial launch. He noted that in the cement and concrete sector alone, the company has produced 20,000 tonnes of graphene-enhanced cement, with customers actively evaluating commercial applications in products such as concrete roof tiles. With growing customer numbers, a rich pipeline of opportunities, and the integration of Mito's technology, First Graphene is focused on accelerating revenue growth across multiple industrial sectors.

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