Sydney August 10th 2017
Change of Substantial Shareholder
Pacific American Coal Ltd (PAK) today announced that, following a strategic review, it had sold its 30% stake in Imagine Intelligent Materials Pty Ltd.
The stake was acquired by a small consortium of investors which included Mr Chris Gilbey, CEO of Imagine IM.
Chris Gilbey said, “I appreciate the tremendous support that the Company has had from PAK since its investment. Imagine IM will continue to develop graphene based coatings and compounds that enable “smart” textiles and fibres to be manufactured for high volume industrial applications such as geotextiles.”
If you wish to find out more about Imagine IM you can register for regular news updates at the Imagine IM website. http://imgne.com/investors/
For further information please contact:
Imagine Intelligent Materials
Suite 306, 414 Gardeners Rd, Rosebery NSW 2018
Phone+61 (0) 414 223 763
Graphene’s discoverers were awarded the Nobel Prize in 2010. Graphene is the first two dimensional material and is classed as a “supermaterial” offering extremely high electrical and thermal conductivity, hydrophobicity, strength and impermeability to all gases.
About Imagine Intelligent Materials:
Imagine IM is the leading Australian developer of graphene-based coatings for industrial textiles and fibres. It was founded in 2014 by a group of scientists led by Chris Gilbey and Phil Aitchison with a vision to create disruptive products and solutions that use graphene. Imagine IM has a certification and licensing model that ensures customers and licensees
can be confident that their products will always perform to the standard necessary. Imagine IM is the first company in the world to develop conductive geosynthetic materials using functionalised graphene.