Highlights

  • Independent expert confirmed successful low-temperature deposition of an sp²-based carbon layer using an industrial Atomic Layer Deposition (ALD) system.
  • New application for graphene identified in collaboration with Adisyn for radar signature reduction in drones, UAVs, and defence platforms.
  • Proof-of-concept demonstrates radar reflection reduction by 20dB, with ongoing development targeting a 30dB decrease.

Adisyn Ltd (ASX:AI1), a specialist in graphene technologies, has reported substantial progress in its quarterly activities and cash flow for the period ending 31 March 2026. The company’s work spans two major fronts: graphene-based semiconductor interconnects and proprietary radar absorption applications. These technological advancements are complemented by strategic corporate developments, including a capital raise of A$14 million and the appointment of Arye Kohavi as Managing Director of Adisyn, reflecting investor confidence and governance alignment.

The company’s recent achievements mark a pivotal stage in translating graphene from laboratory research into industrial-scale applications. These developments have implications for semiconductor manufacturing, defence technology, and advanced materials markets, highlighting Adisyn’s strategic positioning in high-growth sectors.

Graphene-Based Semiconductor Interconnect Progress

Semiconductor interconnects—the wiring connecting transistors on chips—are becoming increasingly critical as device geometries shrink. Traditional copper interconnects face limitations including increased electrical resistance, heat generation, and power loss. These factors constrain device performance and energy efficiency, especially in high-performance computing applications such as AI, GPUs, CPUs, and advanced networking devices.

Adisyn’s subsidiary, 2D Generation, achieved a key milestone under the acquisition SPA by successfully demonstrating low-temperature deposition of an sp²-based carbon layer on copper substrates using an ALD system. This deposition process operates below 300°C, well within semiconductor-compatible thermal limits. Independent verification by Professor Yoram Selzer of Tel Aviv University confirmed that the carbon layer exhibited the desired sp² structure, providing a foundational step for commercial-scale integration.

Post-period, the company demonstrated full coverage of graphene on a 1cm² coupon using an industrial ALD system, maintaining a temperature below 450°C. Transmission Electron Microscopy and Raman spectroscopy confirmed the formation of continuous, uniform graphene layers, addressing a critical industry requirement. Achieving continuous graphene at semiconductor-compatible temperatures represents a significant technical barrier historically limiting industrial adoption.

The successful demonstration of continuous graphene formation positions Adisyn to enter the next phase of recipe development, wafer-scale deposition, and industry collaboration. If scaled successfully, this technology could become a viable alternative to copper interconnects in next-generation high-performance semiconductors, a sector forecast to produce billions of chips annually by the early 2030s.

Proprietary Graphene Radar Absorption Technology

In addition to semiconductor applications, Adisyn has identified a high-potential application in radar absorption for defence and UAV technologies. In collaboration with Ramot, the technology transfer company of Tel Aviv University, the company completed an initial proof-of-concept program. Laboratory testing demonstrated up to a 20dB reduction in radar reflection, equating to a 100-fold decrease in radar return signals. Post-period, further development aims for 30dB reduction, which would significantly diminish the radar detectability of drones and UAVs, enabling near-invisibility under radar surveillance.

The program is led by Professor Pavel Ginzburg, a radar physics and electromagnetics specialist at Tel Aviv University, providing academic oversight and validation. The establishment of 2D Radar Absorbers Ltd, a dedicated subsidiary, marks the transition into commercial engagement. With exclusive, worldwide commercialization rights secured from Tel Aviv University, Adisyn is positioned to target defence, aerospace, and advanced materials markets with proprietary radar-absorption technologies.

Corporate Developments and Capital Strategy

Adisyn strengthened its balance sheet post-period with firm commitments to raise A$14 million at A$0.0675 per share. The placement is supported by Regal Funds Management, an Australian institutional fund with over A$20 billion under management, and Meitav, Israel’s largest investment house with A$190 billion in assets. Key directors, including Chairman Kevin Crofton, will subscribe for an additional A$200,000, subject to shareholder approval.

Leadership adjustments included the appointment of Arye Kohavi, Chief Executive Officer of 2D Generation, as Managing Director of Adisyn. This aligns operational management with technological development, ensuring continuity as the company moves toward wafer-scale validation and commercial partnerships in both semiconductor and defence sectors.

Share Performance and Market Context

As of 27 April 2026, Adisyn’s share price responded positively to quarterly updates, reflecting investor optimism regarding technological milestones and capital strengthening. The stock experienced notable volume and upward movement, driven by the combined impact of:

  • Demonstrated low-temperature ALD graphene deposition
  • Radar absorption proof-of-concept and post-period technological achievements
  • Institutional support for the A$14 million placement

The market’s reaction underscores confidence in Adisyn’s ability to translate laboratory achievements into scalable industrial applications while maintaining alignment with high-value sectors such as semiconductor manufacturing and defence technology.

Strategic Outlook

Adisyn’s technological roadmap emphasizes continued development across two complementary tracks:

  1. Semiconductor interconnects, with focus on wafer-scale graphene deposition, process repeatability, and integration with Tier 1 semiconductor partners.
  2. Radar absorption technologies, with ongoing performance optimization and potential industry collaborations targeting UAV, aerospace, and defence applications.

Both initiatives are underpinned by academic validation, exclusive IP rights, and strengthened capital resources, supporting Adisyn’s trajectory toward industrial-scale commercialization.

Conclusion

Adisyn Ltd (ASX:AI1) has demonstrated meaningful progress in both its graphene-based semiconductor interconnects and radar absorption applications. Independent validation of low-temperature graphene deposition, combined with proof-of-concept radar reduction, positions the company strategically in high-value technological sectors. The post-period capital raise and leadership appointment reinforce investor confidence and provide the financial capacity to advance wafer-scale testing, industry collaboration, and commercial engagement. Collectively, these developments highlight Adisyn’s potential to bridge the gap between laboratory innovation and industrial application in graphene technologies.