First Graphene: Signs distribution agreement to expand sales reach of PureGRAPH

First Graphene Signs distribution agreement to expand sales reach of PureGRAPH

• First Graphene (FGR) signs a distribution agreement with Nanoproof Glade Chemicals Joint Venture to expand the sales reach of PureGRAPH graphene
• It is expected to target multiple markets across South Africa, with a particular focus on the concrete segment
• The agreement has a term of four years with a minimum commitment of five tonnes of PureGRAPH AQUA and powder products within the first year to maintain exclusivity
• The estimated sales value in the first year is expected to reach between $250,000 and $285,000
• Shares were trading 6.06 per cent higher today at 17.5 cents each