Australia's First Graphene climbs on securing funding for supercapacitor research in UK

First Graphene

19/01/2022 02:45

** Shares of First Graphene  FGR.AX  rise as much as 6.8% to
A$0.235, their highest since Dec. 6
    ** Graphene products maker says it has received funding from
a UK-based fund, Innovate UK EDGE, to work on its supercapacitor
graphene hybrid materials  urn:newsml:reuters.com:*:nASXbQgqJr
    ** Co says the 15,000 pound ($20,400.00) funding will be
matched with about A$100,000 ($71,890.00) in-kind funding from
its internal resources to advance its technology
    ** Says funding will be used to progress the development of
novel supercapacitors using hybrid-graphene materials and
optimised protic ionic liquid electrolytes
    ** Stock up for a third straight session
    ** FGR up 4.8% YTD, as of last close 
    
($1 = 0.7353 pounds)
($1 = 1.3910 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))