Market Insights: Graphite One Progresses Foam Fire Suppressant Testing

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Graphite One (TSXV:GPH) (OTCQX:GPHOF) Reports Progress in Foam Fire Suppressant Testing
  • Graphite One graphite material continues to be tested in foam fire suppression applications in partnership with the U.S. Navy
  • The testing indicates that the graphite-based foam formulation can successfully extinguish Class B fuel fires
  • This new generation of biodegradable fire retardant foam is expected to replace the current Military Specification Aqueous Film Forming Foams (AFFF) which has serious health and environmental impacts
  • The United States’ 2020 National Defense Authorization Act (NDAA) recently ordered that AFFF must be phased out of use by October 2024
  • The Company will continue to report on its material test work as results become available
  • Shares in Graphite One (GPH) are currently trading at CAD$1.71 per share on the TSXV
Graphite One (TSXV:GPH) (OTCQX:GPHOF) continues to test its foam fire suppression technology in partnership with the U.S. Navy. The Company’s development partner American Energy Technologies is working with NAVAIR’s Naval Air Warfare Center Weapons Division (NAWCWD) in California to validate the technology using expandable +80 mesh graphite from Graphite One’s Graphite Creek project. The testing, conducted by a team of firefighting professionals, determined that the graphite-based foam formulation can successfully extinguish Class B fuel fires, meeting firefighting standards. “We are excited about the progress we are making in foam fire suppression,” said G1 President and CEO Anthony Huston, “which is so critical to saving lives and safeguarding the environment, and we are honored by the interest shown in G1 material by the U.S. Navy and other U.S. Government departments and agencies.” This new generation of biodegradable fire retardant foam is expected to replace the current Military Specification (MilSpec) Aqueous Film Forming Foams (AFFF). The Graphite Creek project, located near Nome, Alaska, is part of Graphite One’s plan to develop a graphite supply chain solution for the United States, which is currently 100% import-dependent for graphite. These latest developments in G1’s foam fire suppressants come as the United States’ 2020 National Defense Authorization Act (NDAA) recently ordered that AFFF must be phased out of use by October 2024. “Until now, there has been no viable solution to AFFF chemistry that is environmentally-benign,” remarked Mr. Huston, “which makes the potential of fluorine-free formulations containing expandable graphite from Graphite Creek such a promising alternative.” Graphite One continues to develop its Graphite One Project, whereby the company could potentially become an American producer of high grade Coated Spherical Graphite as used in EV and lithium ion batteries, as well as other forms of advanced graphite materials. Graphite One (GPH) is currently down 2.82% TSXV, trading at CAD$1.71 per share as of 1:24 pm EST. On the OTCQX, GPHOF is down 0.72% to USD$1.39 per share. For more information about Graphite One, visit the Company’s website. To view the full version of this release, click here.

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