CORRECTION: HydroGraph and Sparc Technologies Team Up to Commercialize Graphene-Enhanced Coatings for Global Infrastructure Protection

Core Viewpoint - HydroGraph Clean Power Inc. has entered into a Letter of Intent with Sparc Technologies to collaborate on incorporating HydroGraph's Fractal Graphene into Sparc's ecosparc additives for the protective coatings market, which is valued at approximately US$33 billion [1][6]. Group 1: Collaboration Details - The LOI establishes a framework for joint testing, product development, and potential commercial supply of graphene for ecosparc additives, with a definitive commercial agreement expected within 12 months, contingent on successful performance outcomes [2]. - The collaboration combines Sparc's ecosparc additive platform with HydroGraph's high-purity Fractal Graphene, produced through a proprietary explosion synthesis process, ensuring consistent structure and performance in industrial applications [3]. Group 2: Testing and Performance - Initial laboratory testing by Sparc showed that incorporating HydroGraph's Fractal Graphene into water-based coatings resulted in a 39% to 60% reduction in scribe corrosion creep over 1,680 hours [4]. - Sparc will conduct ISO 12944 cyclic corrosion testing for 4,200 hours in solvent-based coatings to validate performance under industry-standard conditions, which is crucial for assessing corrosion protection [5]. Group 3: Market Opportunity - The global protective and marine coatings market represents an estimated US$33 billion opportunity, driven by increasing demand for durable solutions that reduce maintenance and lower lifecycle emissions [6]. - Graphene-enhanced coatings have the potential to significantly improve corrosion resistance, although widespread adoption has been limited due to quality and performance consistency issues [7]. Group 4: Strategic Positioning - HydroGraph aims to leverage this collaboration to enter a large market through Sparc's established industry relationships and proven additive platform, focusing on delivering coatings that extend asset life and improve sustainability [8]. - Sparc has established relationships with five of the eight largest protective coatings manufacturers globally, with ongoing field trials and evaluations with major end users including BHP and Santos [8]. Group 5: Product Development and Marketing - HydroGraph will supply Fractal Graphene materials to support Sparc's product development, focusing on consistent performance at low addition rates and reduced environmental impact [9]. - The collaboration includes potential joint marketing and commercialization activities to accelerate the adoption of graphene-enabled coatings across North America and global markets [10]. Group 6: Ecosparc Additive Overview - Sparc Technologies has invested over six years in R&D for ecosparc, demonstrating substantial performance improvements in protective coatings, ensuring reliability and cost-effectiveness for steel infrastructure [11]. - Multiple global coatings companies are evaluating ecosparc in their anti-corrosive coatings, targeting asset owners in sectors such as government, defense, mining, and oil and gas [12].