Adisyn Hits Milestone with 100 Million Shares Issued After Graphene Deposition Success

Milestone Achievement and Independent Verification

Adisyn Ltd (ASX, AI1) has confirmed a significant technical breakthrough in its graphene development program, successfully achieving Milestone 1 under the Share Sale and Purchase Agreement (SPA) for acquiring 2D Generation Ltd (2DG). This milestone involved demonstrating the low-temperature deposition of an sp²-based carbon layer onto copper substrates using an Atomic Layer Deposition (ALD) system at temperatures below 300°C.

Crucially, this achievement was independently verified by Professor Yoram Selzer of Tel Aviv University, a respected expert in nanoscale materials and Raman spectroscopy. His confirmation provides third-party validation that the process meets the stringent thermal requirements necessary for semiconductor manufacturing, which typically demands temperatures below 450°C to avoid damaging existing wafer structures.

Technical and Strategic Implications

The ability to deposit graphene at low temperatures is a pivotal step toward integrating this advanced material into semiconductor devices. Graphene’s exceptional electrical and mechanical properties promise to overcome current limitations of copper interconnects, potentially enabling faster, stronger, and more energy-efficient chips. By achieving deposition below 300°C, Adisyn has demonstrated compatibility with existing semiconductor fabrication processes, reducing integration risks.

Adisyn’s Board, led by Non-Executive Chairman Kevin Crofton, emphasised the milestone’s importance as a foundation for further development. The company plans to expand its graphene deposition trials, exploring various carbon-ring-based precursors and refining process parameters such as plasma power and gas flow rates. These efforts aim to optimise film quality and reproducibility, essential for scaling from laboratory demonstrations to commercial wafer-level production.

Share Issuance and Alignment of Interests

Following the milestone’s independent verification and Board approval, Adisyn will issue 100 million fully paid ordinary shares to the original shareholders of 2DG as consideration under the SPA. Additional shares will also be allocated to eligible employees, reflecting their contributions to achieving this technical success. These issuances align the interests of Adisyn, 2DG founders, and key personnel, incentivising continued progress.

The company has yet to confirm the precise timing of these share issuances, pending completion of administrative and regulatory requirements. Investors should monitor forthcoming updates for details on potential dilution and capital structure impacts.

Looking Ahead

With this milestone behind it, Adisyn is poised to advance its graphene deposition development program aggressively. Collaborations with international research partners, including Tel Aviv University, will continue as the company moves toward broader coupon-level testing and, eventually, wafer-level evaluation. Success in these stages could position Adisyn at the forefront of semiconductor materials innovation, addressing critical industry challenges.

While the technical validation is promising, the path to commercialisation remains complex, requiring sustained R&D and market acceptance. Adisyn’s progress will be closely watched by investors and semiconductor stakeholders eager for breakthroughs in next-generation chip technology.