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Industrial manufacturing company Valence Industries Ltd. (ASX:VXL) announced that it is making progress in bringing its graphite manufacturing facilities off care and maintenance.
Industrial manufacturing company Valence Industries Ltd. (ASX:VXL) announced that it is making progress in bringing its graphite manufacturing facilities off care and maintenance.
The company also said it has signed a Joint Research, Development & Commercialisation Agreement with the University of Adelaide. The agreement will see Valence allocate $800,000 over three and half years to the development of a South Australia-based graphene research center.
As quoted in the press release:
This graphene research program is an initiative that has grown from pioneering work by Professor Dusan Losic and his team at the School of Engineering in the University of Adelaide. Professor Losic will continue to lead and help grow the research program as Valence Industries pursues the commercialisation of products from that research.
Christopher Darby, CEO and managing director at Valence, said:
The program to develop the Graphene Research Centre places Valence Industries, the University of Adelaide and South Australia at the forefront of real global markets and innovation in Graphene.
Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.
Click here to read more about Australia-focused graphite companies.