Graphjet Technology Stock Price, News & Analysis

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.

Graphjet Technology (Nasdaq:GTI), a leader in converting agricultural waste into graphite and graphene, announced its participation in the SelectUSA Investment Summit in Washington D.C. on June 24, 2024. CEO and Co-Founder, Aiden Lee, will present the company's role in the critical minerals supply chain, its innovative technologies, and its vision for sustainable material supply important for green energy transitions. The event, which is invite-only, aims to boost business investments by connecting various stakeholders.

Graphjet Technology, a company listed on Nasdaq under the symbol GTI, announced that it received a delinquency notification from Nasdaq on May 30, 2024. The notification highlights that Graphjet failed to file its Quarterly Report (Form 10-Q) for the quarter ending March 31, 2024, which is a breach of Nasdaq Listing Rule 5250(c)(1). The company is actively working with its accounting firm to rectify the issue. Although the notification does not immediately affect the listing of Graphjet's shares, the company has until July 29, 2024, to submit a compliance plan. If accepted, Nasdaq may grant an extension until November 18, 2024, to meet the compliance requirements. Failure to submit an acceptable plan may lead to a hearing.