RE: LinkedIn14 Jun 2026 20:27
May be this is way .
Yes, the joint venture between Ionic Industries and CAP-XX has been formalised and is actively moving forward, now underpinned by First Graphene’s recent acquisition of Ionic’s technology assets.The partnership is progressing through the following milestones:1. Formalization of the Joint VentureFollowing initial agreements, CAP-XX signed a binding Joint Venture agreement with Ionic Industries.The Goal: Commercialize Ionic's reduced graphene oxide (rGO) technology to increase the electrode energy density of supercapacitors and energy storage devices.Brand Strategy: Devices produced through this venture will be manufactured and distributed globally under the CAP-XX brand.Funding Boost: The development received a financial catalyst when CAP-XX secured a $1 million R&D grant from the Australian Taxation Office specifically to accelerate this graphene supercapacitor research.2. The First Graphene Acquisition ImpactThe collaboration has been further strengthened by First Graphene (ASX:FGR) entering into a binding Asset Purchase Agreement to acquire Ionic Industries (alongside its subsidiary Imagine Intelligent Materials).What it means: First Graphene has absorbed Ionic's full intellectual property portfolio, patents, and manufacturing infrastructure.Integration Strategy: Instead of ending the CAP-XX relationship, First Graphene’s bulk manufacturing scale (via their PureGRAPH® platform) is designed to optimize and accelerate the path to market for the very rGO technologies CAP-XX relies on.Summary of Current RolesFirst Graphene: Operates as the core technology and materials owner, providing the supply chain and raw graphene scaling expertise.CAP-XX: Utilizes the technology to build, brand, and sell the high-density supercapacitors into consumer electronics and automotive sectors.
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