Talga Resources Ltd has signed a Joint Development Agreement (“JDA”) with Chemetall, a global business unit of BASF Coatings Division, to co-develop and commercialise graphene-enhanced metal surface coatings (the “Agreement”). This is the first initiative in the coatings sector under Talga’s commercialisation strategy.
- Joint Development Agreement executed with Chemetall, a global business unit of BASF’s Coatings Division, and a leading supplier of surface treatment technologies
- Cooperative program created to develop Talga graphene enhanced metal protective treatments (estimated market size c. US$10.4bn1)
- Talga to be the exclusive graphene supplier to Chemetall for jointly developed products for an agreed time period
- Talga to generate first revenue from graphene sales to Chemetall during Q2 CY2017
Under the terms of the Agreement, Talga and Chemetall will cooperate to develop Talga value-added graphene products for use in Chemetall surface treatment products. The joint development program aims to set new industry standards for eco-friendly, high performance, corrosion resistant surface treatments. The Agreement is a significant milestone in Talga’s transition from development into commercialisation and concludes extended negotiations and graphene product sample testing with Chemetall. The program will see co-development of graphene enhanced metal surface coatings that provide high performance. The program has the potential to expand the pre-treatment product range, including pretreatment coatings for steel. Key terms to the Agreement including development program and exclusivity timelines as well as pricing on graphene supply are subject to ‘commercial in confidence’ restrictions. Sale of Talga graphene formulations will begin with commencement of the development program.
