Highlights

  • First Graphene has signed a three-year Development and Commercialisation Agreement with prepreg manufacturer Aeropreg.
  • The program will combine First Graphene’s PureGRAPH technology and proprietary epoxy concentrates with Aeropreg’s carbon fibre prepreg Manufacturing capabilities.
  • Development work will focus on controlled graphene loading and validation of the material’s strength, durability, performance and manufacturability.
  • Subject to successful trials, the parties intend to progress the graphene-enhanced prepreg towards commercial launch through Aeropreg’s existing sales channels.

First Graphene Limited (ASX:FGR) develops advanced graphitic materials and product formulations for applications spanning composites and plastics, cement and concrete, coatings and adhesives, and energy storage. FGR shares were quoted at A$0.055 on 5 October 2026. The company's latest development involves a three-year agreement aimed at moving its PureGRAPH-enhanced carbon fibre technology from development work toward a potential commercial product.

Three-Year Agreement Targets Carbon Fibre Prepreg

On 5 October 2026, First Graphene announced a Development and Commercialisation Agreement with Turkish prepreg manufacturer Aeropreg. Under the arrangement, the companies will work together on incorporating PureGRAPH into carbon fibre prepreg and progressing the resulting material toward commercialisation.

The collaboration follows earlier development work by First Graphene involving graphene-enhanced carbon fibre composites. Its proprietary epoxy concentrates will be used to optimise the incorporation of PureGRAPH within Aeropreg's existing prepreg manufacturing process.

Carbon fibre prepreg is material in which carbon fibre has already been impregnated with a partially cured polymer resin. It is used in applications where component weight, mechanical performance and repeatable manufacturing characteristics are relevant, including aerospace, automotive, defence and sporting goods.

Validation Work Comes Before Commercial Launch

The development phase will focus on achieving controlled and repeatable graphene loading within the prepreg material. The companies then intend to test the resulting product for strength, durability, performance and manufacturability.

A commercial launch is therefore not immediate. First Graphene stated that progression to market will be subject to the outcome of the development trials. If those results meet the required specifications, the companies intend to use Aeropreg's existing sales channels across aerospace, automotive, marine and sporting-goods markets.

This distinction is important because the latest announcement establishes a development and potential commercialisation pathway rather than confirming product sales, contracted Revenue or customer orders.

Aeropreg Adds Manufacturing and Resin Capabilities

Aeropreg manufactures prepreg materials using carbon, glass, aramid and basalt fibres across several end markets. It also has internal resin-development and testing capabilities covering chemical, physical, thermal and mechanical characteristics.

For First Graphene, the agreement adds a manufacturing partner capable of incorporating the company's graphene products into an established prepreg production process. First Graphene stated that gaining access to a commercial prepreg solution and manufacturing capability is part of its approach to addressing applications in industries such as aerospace, defence and automotive.

The agreement also follows First Graphene's Acquisition of MITO Materials, which the company said expanded its composites technology capabilities and customer relationships in North America.

PureGRAPH Moves Further Along the Commercialisation Process

First Graphene has positioned the Partnership as the next stage of its previous work on graphene-enhanced carbon fibre composites. The company has already undertaken customer development programs and research involving the incorporation of graphene into composite materials.

The latest arrangement changes the emphasis from laboratory and development activity toward manufacturing validation. However, the announcement does not disclose production volumes, pricing, minimum purchase commitments, expected revenue or a fixed date for commercial launch.

That means the immediate measurable outcome of the agreement will be whether PureGRAPH can be incorporated consistently into Aeropreg's manufacturing process while meeting the targeted material and production characteristics.

Commercial Opportunity Remains Conditional

First Graphene stated that the agreement provides a potential pathway into the global carbon fibre reinforced plastics market, which the announcement estimates could reach US$43.7 billion by 2033.

This market estimate provides context for the industries being targeted, but it does not represent revenue expected by First Graphene. The company's commercial exposure will depend on successful technical validation, progression to launch and subsequent Demand for the graphene-enhanced prepreg product.

The release also contains no updated financial results, meaning there is no new revenue, Earnings or cash-flow figure against which a year-on-year increase or decline can be assessed from this announcement alone.

Closing Perspective

First Graphene's agreement with Aeropreg moves its carbon fibre work into a defined three-year development and commercialisation program. The collaboration combines PureGRAPH and First Graphene's epoxy-concentrate technology with an existing prepreg manufacturing platform and established industry sales channels. The next stage is focused on technical validation and manufacturing repeatability, while any commercial launch remains dependent on the results of those trials.