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Sparc Technologies progress production

9 December 2022 08:48

Sparc Technologies is one step closer to breaking into the coatings and composites markets, with the construction of a modular and scalable manufacturing facility for graphene-based additive products now underway.

Sparc’s graphene-based additives are known under the name Ecosparc and include composites containing graphite and additives to anticorrosive epoxy coatings which have been shown to deliver a 40 per cent improvement in anti-corrosive performance.

All equipment for the facility is on-site in Adelaide with commissioning expected early next year allowing Sparc to supply its global customer base with commercial quantities of Ecosparc products, with the coatings market alone expected to hit US$44 billion by 2027.

As its product trials and partnership discussions advance with tier 1 and 2 coating companies, Sparc has elected to protect its graphene-based additive technology associated with anticorrosive epoxy coatings through the filing of a provisional patent and is looking to file more next year.

The company said the commissioning of the new facility is a vote of confidence in Sparc’s ability to reach agreements with potential customers.

“Our ongoing comprehensive testing program with global tier 1 and 2 coatings companies continues to demonstrate the significant performance improvement of coatings and composite materials employing our products,” managing director Mike Bartels said.

“By improving coatings performance, the frequency of asset maintenance can be significantly reduced which subsequently serves to reduce costs and importantly the environmental footprint associated with such activities.”

The company is preparing to showcase its technology at the Association for Materials Protect and Performance annual conference and expo in March next year.

SPN’s Australian Stock Exchange-listed share price was trading at 54.4c today (8:46 am UTC+ 8 hours).

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