Highlights

  • Ephraim Koltin, former Tower Semiconductor chief operating officer, became incoming CEO of 2D Generation on 20 October 2026.
  • Adisyn deposited graphene below 300°C across a full 200mm copper wafer, announced on 5 August 2026.
  • Two further US Patent applications received allowances in July and September 2026, broadening its graphene protection.
  • Cash stood at A$14.36 million at 30 September 2026, with no Debt and quarterly receipts of A$1.76 million.

Adisyn (ASX:AI1) has handed the Leadership of its graphene semiconductor Subsidiary to an industry Manufacturing veteran, naming Ephraim Koltin as incoming chief executive of 2D Generation on 20 October 2026. Koltin spent more than 20 years in senior roles at Tower Semiconductor, including as chief operating officer from 2009 to 2014, when he oversaw manufacturing in Israel, Japan and the US.

The appointment comes as the company moves its low-temperature graphene deposition process from small test samples toward full-size semiconductor wafers.

Leadership Transition at 2D Generation

Koltin's appointment took effect immediately, with current 2DG chief executive Arye Kohavi remaining until 30 November 2026 to support the handover. Kohavi will then lead 2D Radar Absorbers on a part-time basis, a Business exploring graphene-based composites to reduce radar signatures for drones and defence platforms.

Koltin is eligible for up to 10 million performance rights across four tranches, tied to service, billable contracts, cumulative Revenue of at least US$10 million and share price hurdles of A$0.34 to A$0.72. Chairman Kevin Crofton, who moved from non-executive to executive chairman during the September quarter, said Koltin would lead the next phase as 2DG takes its platform into semiconductor markets.

Wafer-Scale Milestone and Patent Progress

Adisyn's process aims to grow graphene directly on semiconductor wafers at low temperatures, targeting limits of copper interconnects used in AI, high-performance computing and advanced electronics. On 5 August 2026, the company reported graphene deposition below 300°C on a full 200mm copper wafer, an area roughly 300 times larger than its earlier 1cm² sample. Independent Raman and TEM analysis, including work at the Hebrew University of Jerusalem, found graphene at all 12 sampled locations.

On the intellectual property front, a US application covering graphene-coated 3D surfaces received allowed claims on 31 July 2026, and a second covering deposition onto non-metallic surfaces such as dielectrics was allowed on 14 September 2026.

Services Revenue and a Debt-Free Balance Sheet

Revenue for the Sep-2026 quarter came from Adisyn Services, which provides managed IT, cloud, Cybersecurity and AI services to Australian small business and defence customers. Customer receipts were A$1.76 million, while net operating cash outflow was A$1.03 million. Cash declined to A$14.36 million from A$15.49 million, and the company has no debt or financing facilities. Adisyn joined the All Ordinaries index effective 21 September 2026.

Next Steps on the Technical Roadmap

Management plans to keep refining and repeating the 200mm deposition process to test uniformity, defects and reproducibility, generate first-pass reliability data and advance device integration testing. It is also engaging prospective semiconductor partners, including on possible joint development programmes, with licensing, joint development and Supply arrangements identified as potential commercial models. No new customer or licensing contract was named in the quarter. Larger 300mm wafers remain a longer-term target, alongside completion of the leadership transition and board renewal.

Shares were priced at A$0.07 on 2 November 2026, down 10.26% on the day, with a Market Capitalisation of A$82.42 million.