Nano-technology company Dotz Nano has announced plans to establish a $S20 million ($A18.7 million) research centre in Singapore, on the same day it made fruitful gains on its first day of trading on the ASX.
Nano-technology company Dotz Nano has announced plans to establish a $S20 million ($A18.7 million) research centre in Singapore, on the same day it made fruitful gains on its first day of trading on the ASX.
Dotz raised $6 million from investors at 20 cents per share, as part of a reverse takeover of one-time mining company Northern Iron.
At the close of trade today, Dotz shares were worth 36.5 cents each.
The graphene quantum dots (GQDs) manufacturer is based in Israel but is chaired by Perth-based Otsana Capital managing director Faldi Ismail.
The GQDs it produces are used across a number of industries and allow benefits to products and applications, such as increased brightness in colour-reliant products like LED displays, pigments, dyes and detergents, as well as next-generation energy, electrical and medical applications.
“We have a first mover advantage as we are the only company able to produce large quantities of non-toxic GQDs out of coal in a simple one step process,” Dotz chief executive Moti Gross said.
“We have had extremely encouraging discussions with potential customers, sub-licensees and distributors, as well with the Mainami Group in Japan, and there will be no shortage of activity from our potential deal pipeline.”
Dotz also announced today it had signed a memorandum of understanding with Nanyang Technological University Singapore for the establishment of a $S20 million GQDs application research centre in Singapore.
Dotz and NTU Singapore will jointly provide the funds over a five-year period to establish the research centre, with the two parties to also seek to obtain additional grant funding from other sources.
“NTU Singapore is one of the leading universities in advance materials and in the research of GQDs, and this agreement demonstrates the significance of the research into the GQDs space and how the material will become of common use in the future,” Mr Gross said.
“This builds upon our partnerships with Rice University in the US and Ben-Gurion University in Israel.
“Our aim remains to commercialise large quantities of GQDs worldwide. With NTU Singapore as our partner in this research centre, we can certainly expect serious applicative research into using GQDs in applications that will bring added value, both to NTU Singapore and Dotz.
“In addition, the research centre will allow Dotz the opportunity to explore new applications that should have a positive effect on shareholder value.”