Graphjet Technology partners Quantum Science to explore graphene-based materials device platform
Graphjet Technology Sdn Bhd (GTI) signed a memorandum of understanding (MOU) with UK-based Quantum Science Ltd (QS) to explore technical and commercial opportunities for the development of a quantum dot and graphene-based materials device platform
KUALA LUMPUR: Malaysia-based Graphjet Technology Sdn Bhd (GTI) has partnered with Quantum Science Ltd (QSL) to explore technical and commercial opportunities to develop a quantum dot and graphene-based materials device platform.
GTI is a graphite and single-layer graphene producer, while QS is a UK-based leading quantum dot and ink technology developer.
GTI, which is en route to a listing on the Nasdaq Exchange following the merger with SPAC Energem Corp, will be responsible for the funding of the development of the platform. At the same time, QS is responsible for developing the platform.
GTI expects to contribute up to five million British pounds (RM25.24 million) towards the platform's development during the deal's term or around three years.
GTI chairman Lim Hooi Beng said the collaboration allows the company to push forward with adopting the super material, graphene.
"We share the common view that just as graphene has driven us to the brink of a materials revolution, quantum dot technology will redefine machine vision and disrupt the imaging and sensor market," he said.
Lim expressed confidence that the collaboration with QS will add value to GTI in terms of its brand recognition, technology development and the marketing of its products.
QS is a world-leading quantum dot developer with a proven track record of commercialising quantum dot technology to global markets and demonstrable experience in scaling businesses.
The company has successfully developed infrared quantum dot ink and aims to establish its global leadership in imaging and sensing, infrared LEDs and solar markets.
Meanwhile, GTI's technology innovation transforms waste palm kernel shells into super material, single-layer graphene, which is in high demand for various technology industries.
This has driven the company's rapid progress as a sustainably sourced producer of graphite and graphene at a significantly lower cost than its competitors in the market.
The MoA will see both QS and GTI share their expertise and advance both companies' technology offerings to their customers.
Under the MoA, GTI and QS will also consider the opportunity to develop several projects, including, but not limited to, a quantum dot and graphene-based materials device platform, which may lead to marketing, promotion, and sales opportunities in respect of the resulting product.
GTI said the development of the flagship new materials platform will start as soon as the agreement is finalised in early 2023.
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