Sydney, Oct 5, 2016 - Pacific American Coal Limited
(ASX:PAK) is pleased to provide shareholders the latest Imagine Intelligent Materials (Imagine IM) update. PAK holds a 40% equity interest in Imagine IM, which forms the cornerstone of the Company's investment into technology companies. Imagine IM is focused on delivering value through the commercialisation of graphene based technologies.
Imagine IM and Austeng Win AEEA Victoria Innovation Award
At the Australian Engineering Excellence Awards (AEEA) Victoria Awards ceremony in Melbourne last night Geelong's premier engineering company, Austeng and Australia's leading graphene commercialization company, Imagine IM were jointly honoured at the Australian Engineering Excellence Awards, Victoria with the award for Innovation, Research and Development. The award was given for the development of the first commercial graphene plant in Australia, which is located in Geelong.
The award was accepted on behalf of Austeng and Imagine Intelligent Materials by Ross George, Managing Director of Austeng.
Ross George, MD of Austeng, said, "This award highlights that local manufacturing can transition into high value-add, advancing technology given the right circumstances. Austeng thanks Imagine IM for the confidence shown in Austeng. Imagine IM has very much shown the way forward by recognizing and embracing this new technology collaborating with universities on research, joining with local engineering/manufacturing and bringing on board a launch customer. This collaborative model has enabled Australia to take its place as a world leader in commercialisation of graphene".
Phil Aitchison, Head of R&D and Operations at Imagine IM said, "I'm very pleased that this award recognises the importance of graphene to advanced manufacturing in Australia. Our innovative ideas and drive to bring graphene to the market are showing that Australia can be a world leader in manufacturing. Graphene is a platform technology and Imagine and Austeng have taken graphene out of the laboratory and into commercial application. We shall continue to advance our roadmap for large scale industrial uses of graphene for sensing and in smart materials."
The criteria for the judging included the contribution of the work to the economy, the impact of the work on the quality of life of the relevant communities, the significance of the work as a benchmark of Australian engineering, the extent to which the work represents world best practise.
The output of graphene from the Geelong plant will be up to 10 tonnes per year. The first product to be made in the plant is imgne(R) X3, a conductive coating for geotextiles which enables low cost and environmentally friendly leak detection in dam and landfill liners. The product has already undergone field trials and will be commercially released by the leading Australian manufacturer of geosynthetic materials, Geofabrics Australasia.
For further information regarding Imagine IM contact:
Imagine Intelligent Materials
Suite 306, 414 Gardeners Rd,
78-80 Douro Street
North Geelong, VIC 3215
About Pacific American Coal Ltd
Pacific American Coal Limited
(ASX:PAK) is focused on the production, development and exploration of the metallurgical coal assets in North America. The Company's strategic focus is on the 100% owned Elko coking coal project in British Colombia and its investments in technological advanced opportunities.
Mark Sykes, Chief Executive Officer
Dom Hill, Business Development Manager
Pacific American Coal Limited