Breaking News 17 Feb 2017 #2

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Graphene-Impregnated Smart Geotextile Company Raise $2 in Private Placement

Imagine IM (Imagine Intelligent Materials Pty Ltd), a developing graphene applications company based in Sydney, Australia, announced today that it has raised $2 million in new capital. Imagine IM is focused on developing conductive coatings and sensing technologies for industrial textiles and geotextiles.

Highlights

  • The new capital will enable Imagine IM to optimize its “Plant-In-A-Box” technology into a licensable “turn key” product.
  • Imagine IM will establish an internal Applications Group to develop communications protocols for sensing geotextiles that will enable data collection on changes in stress, temperature and moisture.
  • Imagine IM is the first company in the world to develop conductive geosynthetic materials using functionalised graphene.
  • This will enable the Company to develop high value products with multiple revenue streams.

The new capital will be used to accelerate optimization of the Company’s pilot Plant-In-A-Box (PIAB) in Geelong to meet the anticipated demand for its initial product offering, imgne® X3, and to establish an Applications Development team at the Company’s Sydney office.

“The development plan for PIAB will result in the Company being able to offer under license a turnkey graphene manufacturing, functionalization and masterbatch production capability. I believe this will be a major step forward towards making graphene a mainstream material and positioning Imagine IM as a significant participant in the global graphene applications industry with a primary focus on licensing. Our plan is to partner with third party manufacturing companies in major international markets and remain capital light while simultaneously closing solutions licensing agreements with industrial textiles companies globally”, said Chris Gilbey, CEO of Imagine IM. “This will continue to grow our vision of multiple revenue streams from the market verticals we enter”.

The first installation of imgne X3 Graphene-treated Geofabrics bidim® is now planned to take place in April at a Coal Seam Gas site in Queensland. Its function is to enable the identification of holes that cause leaks in geosynthetic liners for dams. Imagine IM’s innovative approach to leak detection leads to improved ability to easily identify leaks and utilizes existing testing procedures and techniques.
http://imgne.com/2017/02/imagine-intelligent-materials-raises-2m-private-placement/

See more in GNA Special Bulletin – Development of Sensing Geomembrane and Smart Geosynthetics
https://www.vision6.com.au/ch/38100/1smm8/1650024/3bd5a11v8p.html

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