Completion of Due Diligence for Acquisition of 2D Generation
| Stock | Adisyn Ltd (AI1.ASX) |
|---|---|
| Release Time | 18 Dec 2024, 10:57 a.m. |
| Price Sensitive | Yes |
Adisyn to Acquire Semiconductor IP Firm 2D Generation
- Adisyn completes due diligence to acquire 100% of 2D Generation
- 2D Generation's semiconductor IP is a critical advancement in technology
- Acquisition to accelerate development of 2D Generation's leading semiconductor technology
Adisyn Ltd (ASX: AI1) is pleased to announce the successful completion of due diligence investigations in respect of its proposed acquisition of a 100% interest in 2D Generation Ltd ('2DG'). The Acquisition is subject to completion of conditions precedent, including AI1 shareholder approval which is expected to be received at the General Meeting on Thursday 19 December 2024. 2DG's shareholders have already unanimously approved the Acquisition, and all remaining immaterial condition precedents are expected to be completed by the end of December 2024. 2DG has developed a patented solution allowing graphene coating at sub-300 degrees centigrade, an achievement that has never been successfully completed prior to 2DG. This opens the door to the next generation of semiconductors capable of further miniaturisation, lower power consumption, less heat and greater computational power. 2D Generation's innovative technology centres around the aim of improving the performance and capabilities of the interconnect, which has emerged as a critical technological barrier hindering industry progress. Overcoming this challenge is recognised as the 'Holy Grail' within the industry, promising accelerated rates of and continued miniaturisation. Industry giants recognise that the entity with a viable solution stands to gain a substantial competitive advantage.
The transaction is an exciting evolution for 2D Generation. The company is looking forward to receiving the highly specialised Atomic Layer Deposition (ALD) machine from Beneq, a global leader in ALD equipment serving the semiconductor and electronics industries. While awaiting the arrival of this advanced technology, 2D Generation is continuing to develop and refine its processes using its current ALD machine, and it looks forward to sharing the results it may generate during this interim period.