Adisyn lands $14m backing as graphene breakthroughs open big markets

• Adisyn to raise $14 million in placement backed by Regal Funds Management and Israel’s Meitav
• Follows breakthrough graphene semiconductor result unlocking path to commercialisation
• New exclusive stealth drone technology licence also targets fast-growing defence market

 

Special Report: Adisyn has secured firm commitments to raise $14 million through an institutional placement, backed by major investors following two key technology milestones in its graphene semiconductor and defence programs.

The raise was cornerstoned by one of Australia’s largest institutional investors, Regal Funds Management and Meitav, Israel’s largest investment house and led by Sandton Capital Advisory.

Regal manages more than $20 billion, while Meitav manages about $190 billion in assets, with both investors bringing experience across technology and defence sectors.

Meitav has previously backed ASX-listed Israeli technology companies, including cornerstoning Weebit Nano’s $27 million capital raise in November 2021.

The companies’ participation provides external validation of Adisyn’s (ASX: AI1) graphene technology platform and commercial direction.

Chairman Kevin Crofton and non-executive director Dominic O’Hanlon will also subscribe for a total of $200,000 worth of shares, subject to shareholder approval.

The placement, priced at 6.75 cents per share, will see the issue of ~207.4 million new shares and represents a 10% discount to the company’s last closing price of 7.5 cents and a 5.78% discount to its 15-day VWAP.

New shares from the placement are expected to settle on April 29 with allotment scheduled for April 30.

Proceeds will be directed towards advancing the company’s graphene technology programs, alongside business development and working capital.

 

Two breakthroughs driving the raise

The capital raising follows two recent technology milestones, the first in semiconductor manufacturing.

The company successfully demonstrated graphene formation at semiconductor-compatible temperatures using an industrial Atomic Layer Deposition (ALD) system.

Through its subsidiary 2D Generation, Adisyn deposited a continuous graphene layer on a 1cm by 1cm surface at temperatures well below the industry ceiling of around 450°C – a key step toward integrating graphene into existing chip manufacturing processes.

The result addresses a major industry bottleneck, as copper interconnects – used to link billions of transistors in advanced chips – are increasingly limiting performance, efficiency and scaling.

Graphene has long been viewed as a potential alternative, but integration into existing fabrication processes has remained challenging.

Adisyn said the result opens the door to collaboration and commercial engagement with semiconductor players, with further work focused on optimisation and scaling.

“The interconnect is now one of the key constraints in semiconductor performance,” Crofton said.

“If you can solve that, you’re solving a problem the entire industry is focused on.”

 

Stealth drone technology licence

In parallel, AI1 has secured exclusive worldwide rights to commercialise graphene-based radar absorption technology – positioned as stealth-enabling materials for drones and defence platforms – via a licence agreement with Ramot, the technology transfer arm of Tel Aviv University.

Unlike traditional radar-absorbing materials, graphene composites combine structural strength with inherent stealth properties, removing the need for additional coatings and enabling lighter, more efficient unmanned aerial vehicle designs.

Initial laboratory testing has demonstrated around 20dB radar absorption, equivalent to a 100-fold reduction in radar return signal, with ongoing work targeting 30dB – or around a 1000-fold reduction.

At that level, the radar signature of a standard 1m2 drone would be comparable to that of a butterfly, highlighting the potential for significant stealth capability improvements.

The agreement includes a 12-month research program funded by Adisyn at a cost of less than $100,000.

 

Two large markets in focus

The company is targeting two large and growing markets, including semiconductors and defence applications such as drones.

Adisyn is positioning its graphene technology as a platform with exposure to both trends.

The global semiconductor market is forecast to reach ~US$1 trillion by 2030, with advanced interconnect solutions becoming increasingly critical as the industry pushes below 2nm design nodes.

At the same time, the proliferation of drones, loitering munitions and unmanned platforms is driving demand for lightweight radar-absorbing materials.

Graphene-based materials could offer an alternative to conventional solutions in both applications.

“We have already demonstrated strong proof-of-concept results, and now, with exclusive global rights and a structured program in place, we are focused on advancing this technology towards real-world applications,“ managing director Arye Kohavi said.

“We believe this has the potential to become a meaningful value driver alongside our core semiconductor program.”

 

This article was developed in collaboration with Adisyn, a advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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