First Graphene Limited has entered a binding Sale Agreement to acquire all product lines, manufacturing equipment and intellectual property of MITO Material Solutions, Inc.
The agreement includes acquiring MITO's E-GO, LIGRA, OMEGA and DELTA product lines, which represent a suite of thermoset, thermoplastic, composite materials, coatings, liquids, resins and nanomaterial additives.
The acquisition represents a strategic step for FGR, significantly broadening the Company's technology platform beyond high-performance graphene powders and dispersions into advanced graphene oxide, hybrid graphene additives and functionalized nanomaterial technologies.
The acquisition also establishes FGR with a direct operational and commercial platform within the USA, enhancing access to the world's largest defense and advanced materials market, positioning the Company to pursue new areas for revenue growth, customer penetration and strategic partnerships.
The acquisition, by creating an operating presence in the USA, enhances FGR's exposure to emerging USA defense and aerospace opportunities involving graphene enhanced technologies.
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