Tech minerals play Talga Resources (ASX: TLG) has joined forces with German based multinational engineering and electronics major Bosch to progress its graphene-related applications.
The ASX-listed company has signed a non-binding memorandum of understanding with Robert Bosch GmbH to begin preparatory work regarding a development project in the field of utilising graphene in the synthesis of macroscopic structures.
Talga is excited to be working with Bosch on its graphene related applications,” Talga Managing Director Mark Thompson said.
“Bosch is a technology and manufacturing giant and we welcome formalisation of the relationship with them. Our intent is to leverage Talga’s strengths in graphene manufacture and dispersion technology toward success of the project”.
Headquartered in Germany, Bosch is a privately-owned engineering and industrial technology conglomerate that is recognised as the world’s largest supplier of automotive components.
Bosch has 450 subsidiaries and regional companies in over 60 countries with sales and service partners in roughly 150 countries.
Bosch announced sales revenue in 2016 of around A$115 billion and spent approximately $11 billion on research and development over the same period.
Talga is a technology minerals company enabling stronger, lighter and more functional materials for the multi-billion dollars global coatings, battery, construction and carbon composites markets using graphene and graphite.
The company is developing a vertically integrated European-based graphite and graphene business encompassing R&D, sales and marketing, application technology and a high-volume material supply and processing chain.
The company was last trading at 67.5c, down 2.5c, on Monday 12:00pm AEDT.