What it does
PlanarTECH is a Cambridge company founded by Rice University alumnus Patrick Frantz.
The company, which has generated revenues of £5mln since inception, sells, installs and supports the sophisticated equipment that generates single-layer graphene.
The cash will be used to support growth opportunities, particularly in Asia where demand for the product is growing strongly.
How it is doing
In the period between April and August, the firm received or delivered orders for 150,000 graphene-enhanced facemasks.
Orders had come from and been delivered to UK and international universities alongside strong Middle East interest, online inquiries, and from B2B customers.
Large distribution deals were being pursued, while the washing capability of its masks was upgraded by a factor of 50 times.4In tests carried out by the Thailand Textile Institute, washing the facemasks at least 10 times saw no deterioration in antibacterial performance, planarTECH said.
What the boss says: J Patrick Frantz, founder and chief executive
“One of the things we’ve noticed during the COVID-19 pandemic is the tremendous waste and potential health hazards generated by disposable face masks, and we really strove to develop a novel product that offers the benefits of graphene but is also environmentally friendly with a health and safety aspect too."
“These new test results provide fantastic news, indicating that our graphene-enhanced face masks can be used for at least 4-5 months – assuming washing every 2-3 days – while still meeting the stated standards and without any reduction in performance."
“We don’t think any other graphene mask on the market can make this claim.”
“We continue to strive for more sales features and benefits to stay ahead of the pack as we know that graphene gives a great anti-static coating and offers consumer protection."
- Graphene masks sales progress