Graphjet Technology Stock Price, News & Analysis

Graphjet Technology (NASDAQ:GTI), a developer of patented technologies for producing graphite and graphene from agricultural waste, announced it is finalizing its financial statements for fiscal year 2024. The company is working with its independent auditors to complete the audit and plans to file its Annual Report on Form 10-K by the end of June 2025.

Following the 2024 annual report completion, GTI will focus on preparing Q1 2025 financial statements for Form 10-Q filing. Company founder Aiden Lee, who recently increased his stake, expressed confidence in the new board of directors following recent leadership changes, highlighting their professional expertise to achieve company goals.

Graphjet Technology (Nasdaq:GTI), a developer of technologies for producing graphite and graphene from agricultural waste, has received a notice from Nasdaq's Listing Qualifications Department on February 28, 2025. The notice indicates non-compliance with listing requirements due to delayed filings of:

1. Form 10-K for September 30, 2024
2. Form 10-Q for December 31, 2024

The company has until April 29, 2025 to submit a compliance plan. If Nasdaq accepts the plan, GTI may receive an extension until July 14, 2025 to regain compliance. The notice does not immediately affect GTI's listing or trading status on the Nasdaq Global Market.

Graphjet Technology (Nasdaq:GTI), a developer of technologies to produce graphite and graphene from agricultural waste, hosted Malaysia's Deputy Minister of Plantation and Commodities, YB Datuk Chan Foong Hin, at its newly commissioned green graphite facility in Subang District, Malaysia. The facility converts palm kernel shells into battery-grade graphite for electric vehicle and semiconductor markets. During the visit, the Deputy Minister observed the process of converting palm biomass into carbon and graphite, emphasizing the untapped potential in the Agri-commodity sector. Graphjet's CEO Aiden Lee highlighted the company's role in creating a sustainable global graphite supply chain and its contribution to Malaysia's palm oil industry.

Graphjet Technology (Nasdaq:GTI), a developer of technologies to produce graphite and graphene from agricultural waste, has promoted Liu Yu to the dual role of Chief Operating Officer and Chief Scientific Officer. Liu Yu, who previously served as Head of Research and Chief Scientific Officer since the company's inception, will oversee production operations, business development, customer support, and technological initiatives.

With over two decades of experience, Liu Yu's professional background includes serving on the board of Zhonghe Industries Sdn. Bhd., directing Zhonghe Tiancheng Beijing Technology Development Co. , and managing positions at various companies including Beijing Anda Century Investment Consulting Co. and Chi Feng Tuo Industrial Co.

Graphjet Technology (Nasdaq:GTI), a developer of patented technologies for producing graphite and graphene from agricultural waste, has scheduled a business update conference call and webcast for December 12, 2024, at 9 AM ET. Participants can join via webcast or by dialing (877) 407-9208 (domestic) or (201) 493-6784 (international). A two-week replay will be available through (844) 512-2921 (domestic) or (412) 317-6671 (international) using Conference ID: 13750405. The webcast recording will be accessible through the company's Investor Relations website section.

Graphjet Technology (Nasdaq:GTI) has achieved significant technological breakthroughs in green graphite production, reaching 99.99% graphite purity and 98.8% graphitization levels. The company's patented technology produces graphite directly from palm kernel shells, achieving the highest purity and graphitization among all biomass graphite production processes. Their facility in Malaysia has an annual capacity of 3,000 metric tons of battery-grade graphite, enough to support approximately 40,000 electric vehicles annually. The process generates only 2.95 kg CO2 emissions per kg of graphite, significantly lower than traditional production methods.

Graphjet Technology (Nasdaq:GTI) has secured three ISO certifications from ARES International for its eco-friendly manufacturing of graphite and graphene from biomass waste. The certifications include ISO 14001:2015, ISO 9001:2015, and ISO 45001:2018, validating the company's environmental, quality, and safety management systems.

Additionally, Graphjet has been granted a key patent in Malaysia for its palm-based graphene production process, strengthening its IP position. The company's sustainable technology reduces operational carbon footprint by up to 83% and costs by up to 80% compared to traditional methods. Graphjet's process emits only 2.95 kg CO2 per kg of graphite produced, significantly lower than Chinese natural (16.8 kg) and synthetic (17 kg) graphite production.

Graphjet Technology (Nasdaq:GTI) has launched operations at the world's first agricultural waste-to-graphite facility in Malaysia. The facility can produce up to 3,000 metric tons of battery-grade graphite annually from palm kernel shells, enough to support battery production for 40,000 EVs. The 91,000-square-foot facility will employ 200 workers and can recycle 9,000 metric tons of palm kernel shells yearly. The company has begun shipping green graphite samples to customers and plans to produce hard carbon for its planned Nevada facility. The technology reduces operational carbon footprint by 83% and costs by 80% compared to traditional processes, producing only 2.95 kg CO2 emissions per kg of graphite.

Graphjet Technology (Nasdaq: GTI), a pioneer in converting agricultural waste into graphite and graphene, has regained compliance with Nasdaq listing standards. The company had previously been notified of non-compliance on June 4, 2024, due to a delay in filing its Q1 2024 10-Q report. However, following the submission of the required document on June 20, 2024, Nasdaq has confirmed that Graphjet now meets all applicable listing criteria.

This development ensures Graphjet's continued presence on the Nasdaq stock exchange, maintaining its visibility and access to capital markets. The timely resolution of this compliance issue demonstrates the company's commitment to meeting regulatory requirements and transparency in financial reporting.