Nano-technology developer Dotz Nano has gained today after receiving a A$750,000 grant for development of new graphene quantum dot (GQD) targeting the lucrative consumer electronic Lithium ion battery (LIB) market.
The grant to develop the new GQD, which is enriched with vanadium oxide, was provided by the Singapore Israel Industrial R&D Foundation (SIIRD), a co-operation between the Singapore Economic Development Board (EDB) and the Israel Innovation Authority.
The grant is based on a research agreement and option licence agreement signed with Nanyang Technical University (NTU) in Singapore. Of the total amount, A$510,000 will be allocated to Dotz Nano with the balance allocated to NTU.
The project is scheduled for an 18-24-month period.
Dotz Nano’s CEO Dr Moti Gross said the grant would assist in the development of the GQD enriched LIB cathode, for use in consumer electronics.
“The proposed technology has withstood the rigors of peer-review and that the SIIRD executive directors support the proposed project and development,” he said.
“With the receipt of these non-diluting funds, aimed at the R&D for the GQD enriched LIB cathodes, Dotz Nano can expand its reach into the energy storage market and collaborate with first tier companies such as Ulvac Technologies which is our beta site partner for the proposed project.”
Mr Goss said the company’s commercialisation into various applications gives our GQDs exposure to a wide variety of market segments that will assist us in the commercialisation of its GQDs.
Shares in Dotz Nano gained 5 per cent, or 1c, today to be last trading at 21c.