Nano-tech company Dotz Nano has surged over 30% today after signing a US$15 million (A$19 million) distribution and sales deal in China.
The ASX-listed company, which specialises in making graphene quantum dots (minute layers of graphene with semiconductor properties), has signed up with China Israel Science Technology Innovation Center (CisticPoly).
CisticPoly has agreed to purchase a minimum value of GQDs over a three-year period equal to US$15 million for distribution in China.
“China is an extremely attractive market, with many applications for our GQDs such as Anti-Counterfeiting, Brand Protection, Counterfeit Product Liability Protection, chemical distribution and more,” Dotz Nano’s CEO Dr. Moti Gross said.
Many first tier and OEM companies have manufacturing facilities in China and are prime targets for using our GQDs in any of the various applications Dotz Nano is promoting.”
CisticPoly is a joint venture between Israeli and Chinese entrepreneurs and Poly Capital Management which is a subsidiary of China Poly Group, a state-owned enterprise.
Dotz Nano’s vision is to produce and supply high quality GQDs for use in various applications including medical imaging, sensing, consumer electronics, energy storage, solar cells and computer storage.
The company (ASX: DTZ) was trading at 24.5c, up over 30%, before cooling to 23.5c at 1:30pm AEDT.