Letter to Shareholders
Market Snapshot: GrapheneThe high commercial potential of graphene is well-recognized by governments, military agencies, and businesses worldwide. Billions of dollars are expected to be invested in graphene commercialization within the next decade. As a vivid example, The Graphene Flagship, a project with a budget of EUR one billion, is the EU's biggest research initiative ever. According to the European Commission, it is 'history's greatest distinction for excellent research.'
Fueled by heavy investments in R&D, the global market for graphene-based products is projected to grow rapidly and is expected to reach $122.9 million in 2017 and $986.7 million in 2022, increasing at a five-year compound annual growth rate (CAGR) of 51.7%. IDTechEx, the leading analytic agency in the graphene space, forecasts that more than 100 million dollars' worth of graphene related products will be sold in 2018 for a range of applications, including RFID, smart packaging, supercapacitors, composites, ITO replacement, sensors, logic and memory, and more. Graphene-based composite materials, a category that includes 3D printable materials, are expected to constitute the largest segment of the overall market.
Development PathWe believe that graphene materials are destined to change the world we live in. As one of the pioneers in the graphene space, our company has been developing and manufacturing various types of graphene materials for over seven years. We now offer over 100 graphene high quality R&D graphene materials, more than any other company in the in the world.
Over time our team has accumulated tremendous knowledge in this area and developed unique technology for graphene production as well for incorporation of graphene materials in polymers. We are thrilled to play such a key role within a rapidly developing market place. Our company has developed a line of 3D printing materials, one of the first real life applications of graphene. As innovation continues and the price of graphene materials continues to decrease, the company will play a lead role in the commercialization of graphene and other nano-materials. Many applications exist within manufacturing, military, electronics, aerospace and robotics as well as mass market consumer goods.
Key Investment Highlights
- The only pure play Canadian public company in the graphene space.
- Growing revenues reflecting expansion of multiple product lines.
- Recently acquired Graphene laboratories Inc. and established customer base of 10,000 clients worldwide. Some notable clients include NASA, HP, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM, MIT, Yale, and Stanford University.
- Experienced executive team with deep industry knowledge and a proven track record of success.