Shares in Adisyn Ltd (ASX: AI1) were trading higher on Monday morning after the company said it had struck a strategic agreement to fast-track production of graphene stealth components for drones.
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Collaboration with Israeli company
The company said in a statement to the ASX that its subsidiary 2D Radar Absorbers had signed a memorandum of understanding with Raval A.C.S. Ltd to co-develop graphene-enhanced injection-moulded parts for radar absorption in drones and unmanned aerial vehicles.
Adisyn said Raval was one of Israel's largest plastics groups with CY2025 revenue of about €201 million and 1,220 staff across 11 global facilities supplying major automotive OEMs and tier-1 suppliers.
The company added:
The collaboration combines 2D Radar's graphene-based stealth materials platform – underpinned by exclusive worldwide rights licensed from Tel Aviv University – with Raval industrial scale, automotive grade quality systems and serial production capabilities, providing Adisyn with a direct route from development to commercial manufacturing.
Adisyn said Raval had a high level of expertise, with "a development team with engineering, simulation and tooling capabilities that are rare in the Israeli industrial landscape, spanning structural design, crash and impact simulation, moldflow injection-moulding analysis and topology optimisation''.
Raval's customers include Volkswagen, BMW, Mercedes, Porsche, and others, Adisyn said, adding that the high standards demanded by the automotive sector "are demonstrably suitable for the demanding requirements of defence and drone customers''.
Adisyn said further:
While numerous laboratories and small companies offer materials development services, engaging such partners typically forces a long and uncertain phase of adapting laboratory results to the devices, tooling and production technologies of an eventual manufacturer. The Raval collaboration is structurally different. Development will be conducted from the outset on Raval's serial production machines, with parts engineered for manufacturability from day one. This enables a rapid transition – in months rather than years – from successful prototype to qualified volume production.
New company a possibility
Under the MOU, 2D Radar will lead the research and development of the graphene and two-dimensional materials platform and the testing of radar absorption performance.
Raval will lead the plastic and moulding development and manufacture of sample parts and testing.
Each party will fund its own development activities, and over a 12-month period, will assess the viability of a joint venture company being formed to commercialise the technology developed.
Adisyn Managing Director Arye Kohavi said:
This agreement is a major step forward for our stealth materials program. Raval is one of the most capable industrial groups in Israel, with the engineering depth, automotive-grade quality systems and global manufacturing footprint to take our graphene-based radar-absorbing components from prototype to qualified production parts in a fraction of the time it would take with a laboratory partner. For the Israeli Ministry of Defense and global drone manufacturers, our ability to move from development to production in months – rather than years – is a critical differentiator. Working with Raval from the outset on serial production machines means the parts we develop are, by design, ready for volume manufacture.
Adisyn shares were 5% higher on Monday at 31.5 cents. The shares have traded as low as 3.8 cents over the past 12 months and hit a new high of 33.5 cents in early trade.
The company is valued at $312 million.
