Introduction
Materials define an age. We believe that graphene is the material of our age. It has the potential to make our world cleaner, healthier, more prosperous and sustainable.
AVADAIN, INC. is upscaling our globally patented process to manufacture large, thin and nearly defect free graphene flakes to meet the pent-up demand for the super material of the 21st Century.
Our high-quality flakes, produced in industrial volumes at a reasonable price, should meet the need of >80% of the vast global market for graphene flakes — estimated in the tens of billions of dollars. These flakes can be used by many clean tech, deep tech, industrial, defense, manufacturing and life sciences companies.
With initial recognition and backing from Panasonic Intellectual Property Corporation of America and a March 2022 $3.77 million project grant from the US Department of Commerce, Avadain is now seeking to upscale our technology, expand our patent portfolio and produce samples to support our licensing activities.
Avadain is ready to unleash the Graphene Revolution.
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Problem
NO INDUSTRIAL VOLUMES OF AFFORDABLY PRICED GRAPHENE FLAKES - Hundreds of billions of dollars of graphene-enabled products are waiting to enter the market. But, there is no source of high-quality graphene flakes in industrial volumes at an acceptable price.
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Solution
Avadain's globally patented, breakthrough technology can overcome the three obstacles to widespread use of graphene flakes — quality, price & quantity.
Key Investment Highlights
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Deal Highlights
- Graphene could change our world. Graphene can be more important to the 21st Century than plastics were to the 20th Century
- Mass production of graphene-enabled products is held back because there is no technology to produce industrial quantities of reasonably priced high-quality graphene flakes
- Avadain has successfully demonstrated a breakthrough and green manufacturing process to produce high-quality flakes
- Avadain has granted patents in 10 countries with patents pending in 9 more
- We have the team, including strong partners, to upscale graphene flake manufacturing to high-throughput, continuous production, which is partially funded by a generous US Department of Commerce grant
- Upscaling our technology, expanding the patent portfolio and producing samples to support our licensing activities is the focus of our capital raise
- Driven by our experienced team, Avadain plans to license its technology to meet existing and projected demand for excellent quality flakes to advanced materials manufacturers, enabling rapid growth and unleashing the Graphene Age
What is Graphene?
Graphene aims to become one of the most disruptive materials of all time. It’s designed to be the lightest, strongest, thinnest, best thermal & electricity-conducting material ever discovered. It is expected to revolutionize electric vehicles, batteries, sensors, renewable energy & medicine ... to name just a few.
Graphene is a thin layer of graphite that is 10 or fewer atoms thick. It was discovered in 2004 at the University of Manchester by Professors Andre Geim and Kostya Novoselov, who won the 2010 Nobel Prize in Physics.
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Graphene's Unique Qualities
- Strength (150,000,000 psi) – 200x stronger than steel
- Flexibility – bendable
- Thin – 1 million times thinner than a sheet of paper
- Light – a 1 gram sheet would cover a soccer field
- Heat conductivity – best material for conducting heat
- Electrical conductivity – nearly perfect conductor
- Electronic properties – electrons move through graphene at close to the speed of light
- Invisibility – transmits 97% of light (glass window transmits 80%-90%)
- Impermeability – enables water filtration & purification
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Market
Emerging technologies research firm IDTechEx says the market is at a tipping point for the Graphene Age. The global graphene market is projected to grow from USD $620 million in 2020 to USD $1.4 billion by 2025, at a CAGR of 19%, according to MarketsandMarkets. Vantage Market Research goes further, projecting the global graphene market will grow to $2.526 billion by 2028.
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Graphene "is not even one material. It is a huge range of materials. A good comparison would be to how plastics are used."
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Graphene for National Security
With the Russian invasion of the Ukraine and China flexing its military muscle, graphene has become a critical material for U.S. National Security. The stakes could not be higher.
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Our Technology
Nearly Defect-Free Graphene Flakes
Oxygen trapped in flakes accounts for most of the defects which inhibit graphene’s remarkable qualities. Avadain’s patented process uses optimized Electrochemical Exfoliation and Expansion in an inert environment, resulting in nearly defect-free flakes.
Chemisorption of reducing hydrogen helps exfoliate graphite into low-defect graphene flakes with little oxidation in the graphene structure, contrasting the popular Hummer’s Method using very strong oxidizing agents to exfoliate graphite into graphene oxide flakes with too many hard-to-remove defects.
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Our Disruptive Graphene Flakes
Avadain's technology produces large, thin and very few defected graphene flakes with a 70%+ yield using a new, green process which can be upscaled to high-throughput production lines for mass-producing quality graphene at acceptable cost.
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Business Model
Avadain plans to implement a capital efficient revenue model based on licensing our technology to companies whose core competency is to manufacture advanced materials. We also plan to license to companies whose business requires an assured supply of high-quality graphene flakes.
Our licensing model enables rapid and flexible scaling to meet the forecasted explosive demand from industry and government. Driven by our experienced management team, Avadain plans to license our technology to:
- Advanced materials manufacturers. These companies have the technical expertise, business experience and customer contacts to support manufacturing, marketing and selling of high-quality graphene flakes. Many of these companies have the capability to tune Avadain’s graphene flakes to meet specific, end-user needs.
- Niche graphene materials manufacturers (various industry verticals). Most graphene companies are focused on making graphene-enhanced products. Avadain’s technology offers these companies the ability to manufacture their own low-cost, high-quality graphene flakes.
- Certain mission-critical users (seeking consistent quality and reliable supply). Some industries need a reliable source of industrial volumes of high-quality graphene flakes, including aviation, space, national security, and medicine. These flakes can be optimized to specific application requirements.
Trajectory
Avadain plans to provide licensees with the design for a mass production graphene flake manufacturing plant, together with an engineering package and implementation support.
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Intellectual Property
- Strong IP position is core to Avadain’s value creation
- The US’ #1 IP law firm, Fish & Richardson, drafted & filed a comprehensive patent application in 2016
- Parent patent granted in the US (#10,662,537), Brazil, Brazil (divisional), China, Europe, Germany, India, Israel, Japan, Russia, Russia (divisional) & Singapore
- Patents pending in Australia, Canada, Chile, China, Indonesia, Israel (divisional), Japan (divisional), Korea, Malaysia, Mexico, Singapore (divisional), US (continuation) & Vietnam
- The second patent was filed in 2019 in the US (#16/569,264), followed by a PCT in September 2020
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Continnual Innovation
Avadain recognizes that the long-term competitive advantage of our technology licensing requires ongoing innovation and optimization of our graphene flake manufacturing technology.
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Team
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Press
February 2022
Memphis Business Journal: Memphis startup Avadain looks to unlock the ‘revolutionary’ potential of graphene
FlipBoard: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
FinancialContent.com: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
march 2022
The Graphene Council: Graphene Flake Manufacturing Company Avadain Inc.’s Upscaling to Mass Production of ‘Super Material’ Receives $3.77 Million Federal Grant
Graphene-Info: Avadain receives $3.77 million grant to upscale its graphene flakes tech to mass production
Memphis Business Journal: Startup Avadain scores federal funds, prepares to upscale graphene manufacturing process
Darik News: Avadain receives $3.77 million grant to scale its graphene flakes technology into mass production
Business Fast-UK Business and Finance News: Startup Avadain scores federal funds, prepares to upscale graphene manufacturing process – The Business Journals
Graphene.tv (China): Avadain获得377万美元的资助,用于将其石墨烯片技术升级为大规模生产
Academic Papers
S. Roscher, et al., “High voltage electrochemical exfoliation of graphite for high-yield graphene production,” RSC Adv., 2019, 9, 29305
Use of Proceeds
If the offering's maximum amount of $5,000,000 is raised:
Use | Value | % of Proceeds |
---|---|---|
Upscaling graphene production | $2,262,500 | 45.3% |
Payroll | $1,200,000 | 24.0% |
Intellectual property | $500,000 | 10.0% |
Marketing | $442,500 | 8.8% |
Accounting/Legal/Operations | $350,000 | 7.0% |
Intermediary fees | $245,000 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class A-1 Common Stock, under registration exemption 4(a)(6), in Avadain, Inc.. This offering must reach its target of at least $10,000 by its offering deadline of July 28, 2022 at 9:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Pitch Deck
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
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- Mar 14, 2023Last chance to register We are excited to...
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- Mar 8, 2023We're pleased to invite you to our Fireside...
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- Dec 13, 2022Correction. Avadain's Fireside Chat is today,...
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- Nov 3, 2022Dear Avadain Community, We update our social...
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- Jul 29, 2022Avadain Community, I want to thank each and...
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- Jun 21, 2022Avadain Inc. Community, I am extremely honored...
- Jun 18, 2022I wanted to report to you on Avadain’s strong,...
- Jun 10, 2022Hello Avadain Community!
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- Jun 7, 2022Hello Avadain Community! Avadain has...
- Jun 6, 2022Hello Avadain Community, We are ecstatic to...
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- Jun 1, 2022Hello Avadain Community, We are ecstatic to...
- May 27, 2022Avadain has successfully demonstrated a...
- May 27, 2022Avadain Inc. Community, We are ecstatic to...
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- May 20, 2022Hello Avadain Community,
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- May 10, 2022Avadain Inc. Community, Avadain has a globally...
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