- First Graphene enters into exclusive agreement to develop, manufacture, market and sell graphene-based carbon paste products with Halocell Australia
- Carbon paste is a conductive coating used to improve the performance of a range of flexible printed electronics, power generation and storage devices
- Market-ready product already used in perovskite solar cells manufactured by Halocell and has a wide range of general applications
First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to announce that it has entered into an exclusive licensing agreement (“Agreement”) with Halocell Australia (“Halocell”) for the manufacture, marketing and sale of graphene-enhanced carbon paste.
The twelve-month agreement gives First Graphene worldwide exclusivity over the development and sales of the PureGRAPH® containing product, with Halocell receiving a 10% royalty on sales and using the product in the production of its commercially available perovskite solar cells (“PSC”).
This is in addition to the existing Joint Development Agreement and Cooperative Research Center Project (CRC-P) Partners Agreement reached in 2012 June 2022 And August 2023 respectively.
Market-ready product with multiple sector applications
Under the existing CRC-P Partners Agreement, FGR and Halocell have successfully explored and introduced graphene into carbon paste with a focus on tailoring formulations, concentrations, components and syntheses.
The paste is already used in the manufacture of Halocell’s PSCs, doubling PSC efficiency to more than 30% and dramatically reducing production costs via roll-to-roll (“R2R”) deposition technology that produces thin-film perovskites.
It is preferred over traditional conductors such as gold due to the significant savings in material and production costs, while maintaining high performance and improving robustness.
Halocell’s indoor PSCs are already sold in the global market for use in small electronic devices due to their ability to achieve high energy conversion efficiency in low light conditions.
An additional 44 devices have been identified in the satellite, space, IoT, electronics and renewable energy sectors that could benefit from PSC technology (see ASX announcement August 27, 2025).
Halocell, in collaboration with V-Tol Aerospace and Li-S (ASX:LIS), is already developing a lightweight energy solution, including next-generation solar energy and batteries, to significantly extend the flight time of electrically powered drones.
The graphene-based carbon paste can also be applied to a range of conductive applications, such as heating systems and sensors, ceramic coatings, electrodes and electrochemical mixtures.
Production of a graphene-enhanced carbon paste material at First Graphene’s Henderson facility is expected to begin within the next month.
First Managing Director and CEO of Grafeen Michael Bell said:
“The collaboration between Graphene and Halocell is getting stronger and more innovative PureGRAPH® to accelerate improvements in solar technology and bring improved PSCs to market.
Through this agreement, we can leverage the already developed carbon paste intellectual property and bring this product to global markets, mutually beneficial to Halocell as they achieve their own ambitious production targets to help meet the growing demand for products for PSCs.
While the carbon paste market is expected to more than double to approx $2.8 billion by 2032, the real opportunities will come from the multitude of applications and products that can benefit from better performance, longer life and efficiency in our PureGRAPH® offers.”
CEO of Halocell Australia Paul Maanie said:
“Collaborating with FGR to introduce functionalized graphene into our perovskites has delivered breakthrough module efficiency and R2R production results.
We see this additional agreement as an excellent opportunity to commercialize graphene-enhanced carbon paste to technology developers around the world and demonstrate how Australian manufacturing is at the forefront of this new materials revolution.”
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SOURCE First Graphene Ltd
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