Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Adisyn Ltd (AI1.ASX) |
|---|---|
| Release Time | 31 Jan 2025, 8:19 a.m. |
| Price Sensitive | Yes |
Adisyn Completes Transformative Acquisition of 2D Generation
- Adisyn acquires 100% of semiconductor IP business 2D Generation
- Leveraging 2D Generation's innovative graphene-based semiconductor solution
- Raising $10 million to accelerate development and commercialization
Adisyn Ltd has completed the acquisition of 100% of semiconductor IP business 2D Generation Ltd (2DG). 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 miniaturization, lower power consumption, less heat and greater computational power. Adisyn will leverage 2DG's innovative semiconductor solution to generate opportunities in its target markets including defence applications, data centres and cybersecurity. The company has also received binding firm commitments for a $10 million heavily oversubscribed placement to accelerate development of graphene-enhanced semiconductor technologies, strengthen commercial initiatives, and support working capital needs. Adisyn is preparing for an exciting 2025 as it looks to advance its newly acquired semiconductor technology, including continuing to further develop and refine processes, taking delivery of the latest Atomic Layer Deposition (ALD) machine, working closely with leading semiconductor companies, and identifying and developing additional applications for its core technology.
Adisyn has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Adisyn is preparing for an exciting 2025 as it looks to advance its newly acquired semiconductor technology including continuing to further develop and refine processes, taking delivery of the latest Atomic Layer Deposition (ALD) machine, working closely with leading semiconductor companies, and identifying and developing additional applications for its core technology.