CFOAM® is a next generation carbon material produced from powdered metallurgical coal using a highly proprietary manufacturing process.
The resulting material is virtually pure carbon, but in hard, open cell material form.
There are numerous fully-developed products and applications that will utilize CFOAM®.
The company is now heading to market with a capital raising, with the ASX granting a trading halt to prepare.
The halt will remain in place until the opening of trade on Friday 20th October 2017, or earlier if an announcement is made to the market.