Sparc Technologies Limited provided an update on the advancement of a number of significant activities that enable the commercialisation of Sparc's graphene based additive products. Construction of a modular and scalable manufacturing facility, which has been fully expensed, for graphene based additive product is underway in Adelaide with commissioning expected in first quarter of current year 2023. This facility, employing proprietary know-how, will enable the production of commercial quantities of graphene based additives for the growing global coatings and composites markets.

The commissioning of this production facility is a substantial vote of confidence in Sparc's ability to reach commercial agreements with the company's potential customers and an endorsement of the rigorous technical programs the Company has undertaken with numerous global tier 1 and 2 coatings companies. This significant step of being able to produce commercial quantities of graphene additive product will further support advanced technical and commercial collaboration discussions with global coatings customers. Importantly, the facility can readily accommodate large scale manufacturing to meet customer demand.

In addition, the proprietary know-how and intellectual property supporting Sparc technology is being protected with provisional patent filings, the first of which is in the field of anti-corrosive coatings. A number of further patent filings will occur in early 2023. One of the key challenges the graphene industry has faced, is that of successfully incorporating graphene into targeted materials.

Graphene tends to re-agglomerate and as such homogenous dispersion is vital if graphene is to impart its unique and varied attributes when incorporated into targeted materials. This challenge was recognised by Sparc and through a range of unique processes, Sparc has addressed this issue which will benefit companies involved in the production of both coatings and composite materials. Sparc has continued to develop considerable expertise in the characterisation, formulation, adoption, testing and manufacture of graphene based additive products; expertise that is increasingly recognised within industry.

Sparc will be attending and delivering a technical paper at the AMPP Annual Conference + Expo which will be taking place in Denver, Colorado in March 2023. AMPP is the leading global source of knowledge, innovation, networking, and collaboration for the coatings and corrosion industry. A digital marketing campaign will commence in December in support of the company's attendance at this global conference.