Sparc Technologies Ships First Commercial Graphene Order to Tier 1 Coatings Giant
Key Takeaways
- Sparc Technologies has despatched its first commercial 160kg shipment of ecosparc® graphene additive to a Tier 1 global coatings manufacturer, converting years of R&D into live commercial sales.
- AkzoNobel and Petro Vietnam Paints have already launched ecosparc®-enhanced coating products since May 2026, giving Sparc named Tier 1 validation in the market.
- Current Adelaide production capacity can dose approximately 4.5 million litres of protective coatings per annum with no additional capital expenditure required to scale.
- More than 20 active testing programs are underway, with multiple new commercial product launches targeted over the next 6–12 months across protective, electrostatic, and powder coatings segments.
- A non-underwritten Share Purchase Plan is open until 24 September 2026, offering eligible shareholders up to A$30,000 of new shares at A$0.175 — a 16.7% discount to the last traded price of A$0.210.
First commercial ecosparc® delivery signals graphene commercialisation has arrived
Sparc Technologies (ASX: SPN) has despatched its first commercial shipment of ecosparc® graphene additive to a Tier 1 global coatings manufacturer, fulfilling a 160kg order from its production facility in Adelaide, South Australia. The delivery follows two commercial product launches since May 2026 (announced 30 April 2026 and 9 June 2026) and marks a concrete shift from research, development, and field trials into live commercial sales.
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What ecosparc® is and why it matters for protective coatings
Graphene additives explained
ecosparc® is a graphene-based additive that, at low dosages, significantly improves the performance of epoxy-based protective coatings, particularly in anti-corrosion applications. Sparc describes its performance data in this application as industry-leading.
The Tier 1 significance
The customer is a global coatings manufacturer. AkzoNobel, one of the world’s largest coatings companies, is among the two manufacturers that have already launched ecosparc®-enhanced products since May 2026.
The commercial model to watch here is not just first deliveries. It is repeat sales and pipeline conversion as additional testing programs graduate into product launches.
Current commercial footprint at a glance:
- First commercial delivery despatched: September 2026
- Two ecosparc®-enhanced coating products launched since May 2026
- Coatings partners include AkzoNobel and Petro Vietnam Paints
- More than 20 active testing programs underway
- Multiple new commercial product launches targeted over the next 6–12 months
Production capacity and pipeline: the investment case in numbers
No capex required for ramp-up
Current production capacity at Sparc’s Adelaide facility is sufficient to dose approximately 4.5 million litres of protective coatings per annum. Critically, the company states that this capacity supports commercialisation ramp-up without the need for additional capital expenditure. For investors, that is a meaningful signal on operating leverage: volume can grow without a corresponding capital call on the balance sheet.
A 20+ program pipeline converting to revenue
Sparc is progressing more than 20 active testing programs, with multiple additional commercial product launches targeted over the next 6–12 months. The pipeline is also expanding beyond core protective coatings into new market segments.
The newly launched SparcES™ range targets electrostatic and conductive coatings used in data centres, semiconductor manufacturing, and other advanced industrial applications. In parallel, Sparc has recently commenced a collaborative testing program in powder coatings, adding another large market segment where its additives may be adopted. The company describes build-out of addressable markets in additional coatings segments as a key focus of its ongoing R&D programme.
Managing Director Nick O’Loughlin framed the milestone and the path forward:
Nick O’Loughlin, Managing Director
“The first commercial delivery of ecosparc® for use by a Tier 1 coatings customer marks a significant milestone for Sparc following several years of research, development and field trials. We believe Sparc has generated industry-leading performance data for graphene in anti-corrosion coatings, and this first delivery for a Tier 1 is a testament to that work. With commercial sales underway and two coatings manufacturers, including AkzoNobel, having launched ecosparc® enhanced products since May 2026, Sparc has established a strong platform to become a leading graphene additive supplier to the coatings industry. With more than 20 active testing programs and multiple new commercial products targeted over the next 6–12 months, our clear focus is now on converting this pipeline into a growing base of customers, products and repeat sales.”
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SPP open now — eligible shareholders can apply by 24 September 2026
Alongside the commercialisation update, Sparc’s non-underwritten Share Purchase Plan (SPP) is currently open. The SPP is intended to support execution of the company’s growing commercial pipeline. Eligible shareholders, those with a registered address in Australia or New Zealand on Sparc’s register as at 7:00pm AEST on 19 August 2026, may apply for up to A$30,000 worth of new fully paid ordinary shares without incurring brokerage or other transaction costs.
| SPP Detail | Terms |
|---|---|
| Offer size | Up to A$1.75M (not underwritten) |
| SPP Issue Price | A$0.175 per SPP Share |
| Discount to last traded price (17 Aug 2026) | 16.7% (vs A$0.210) |
| Discount to 5-day VWAP (17 Aug 2026) | 19.7% (vs A$0.218) |
| Discount to 20-day VWAP (17 Aug 2026) | 20.9% (vs A$0.221) |
| Maximum application per eligible shareholder | A$30,000 |
| Offer close date | 5:00pm AEST, 24 September 2026 |
| Eligibility record date | 7:00pm AEST, 19 August 2026 |
As the SPP is not underwritten, it may raise more or less than A$1.75M. The company retains discretion to accept applications that result in the SPP raising more than A$1.75M, subject to compliance with the Corporations Act 2001 (Cth) and ASX Listing Rules.
The SPP Offer Booklet was released on 28 August 2026 and is available on the ASX market announcements platform. The Board urges eligible shareholders to read the Offer Booklet carefully and in its entirety before deciding whether to participate. If you are uncertain whether SPP Shares are a suitable investment for your circumstances, the Board recommends obtaining independent financial advice before electing to participate.
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