Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLUF) (FRA:CCY) is establishing itself as a leading innovator in the graphite space and has hired two leading researchers to help bring new applications to market, the miner said on Tuesday.
New to the management team, Dr Siva Bohm and Dr Mallika Bohm have collectively filed over 30 patents for innovative uses of graphite and its derivatives, including for applications in the energy storage sector, air-cleaning paints and anti-viral coatings.
READ: Ceylon Graphite bolsters team with 'respected practitioners' in the Sri Lankan graphite space
Ceylon Graphite, now a producer, holds 121 square kilometres (sq km) of ground in Sri Lanka, which contains historic vein graphite deposits.
"We are excited that the foundation we have laid as a company has led to attracting two of the world’s most recognized and highly regarded scientists in the world of advanced applications of natural graphite and their derivatives," said Bharat Parashar, CEO of Ceylon Graphite.
"Each in their own right has developed and/or helped commercialize some of the most advanced applications of natural graphite-based products and nano technologies.
"Ceylon Graphite will work with Drs. Bohm to bring new applications to market particularly surrounding technology advancements in the battery sector where they will oversee evaluation and process implementation for our unique high-grade graphite."
"Both Mallika and I are very excited to work with Ceylon Graphite," said Dr Siva Bohm, a Royal Society Industry Fellow at Imperial College London.
"Our initial study of the company’s raw graphite indicates a very high-quality crystalline structure, and we believe that this will be a significant advantage for us to quickly develop various commercial applications for vein graphite and bring them to market."
Dr Mallika Bohm holds a PhD in Physics from University College, London, and has been a project leader for Tata Steel in anti-corrosion technologies as well as in the advancement of new products for galvanized wires and processes for motor tire bead wire.
Shares gained 8.6% in Toronto to stand at C$0.32 each.
---Updates for share price---
Contact the author at giles@proactiveinvestors.com