The supply agreement with GeoFabrics Australasia is for the supply of conductive, coated geotextile for sale by GeoFabrics as their Bidim-C product. The Bidim-C product is used to detect holes and potential leaks in newly constructed dams and water tank projects. The agreement is for the supply of Bidim-C over the next 12 months and will generate up to AUD$1,000,000 (over USD$664,000) in revenue for Ionic.
Ionic stated that these achievements and initiatives mark the beginning of a very exciting period for the Company, driving it toward mass production and marketing of graphene-based products.
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