Adisyn Ltd has made significant strides in developing low-temperature graphene semiconductor interconnects, commissioning a new Atomic Layer Deposition system and securing a major managed IT services contract, while maintaining a strong cash position.
- Commissioned Beneq TFS 200 ALD system at 2D Generation’s Israeli facility
- Partnership with Tel Aviv University expands graphene testing capabilities
- Received final A$100,000 grant payment from Israel Innovation Authority
- Adisyn Services secured ~$270k contract with Orbital Corporation post period-end
- Strong cash balance of A$6.9 million and reduced debt following business rationalisation
Graphene Technology Breakthrough
Adisyn Ltd (ASX – AI1) has reported meaningful progress in its quest to revolutionise semiconductor interconnects through graphene technology. The company’s wholly owned subsidiary, 2D Generation, successfully installed and commissioned a state-of-the-art Beneq TFS 200 Atomic Layer Deposition (ALD) system at its Israeli facility. This equipment is pivotal for depositing ultra-thin graphene layers at low temperatures, a process critical to integrating graphene into semiconductor manufacturing without damaging delicate chip components.
Graphene’s exceptional electrical and thermal properties offer a promising alternative to traditional copper interconnects, which face physical limitations as chip features shrink to the 2-3 nanometre scale. By enabling low-temperature deposition, Adisyn aims to overcome longstanding barriers, potentially delivering faster, more energy-efficient chips essential for AI, edge computing, and next-generation telecommunications.
Strategic Partnerships and Funding Validation
Further strengthening its R&D capabilities, Adisyn has secured access to a second Beneq TFS 200 ALD system through a partnership with the Jan Koum Center for Nanoscience and Nanotechnology at Tel Aviv University. This collaboration allows parallel testing and accelerates the refinement of graphene interconnect processes.
Financially, the company received the final instalment of approximately A$100,000 from the Israel Innovation Authority (IIA), completing a total grant of A$520,000. This funding supports 2D Generation’s research and development efforts and follows a rigorous technical and financial audit by the IIA, underscoring confidence in Adisyn’s innovative approach and commercial potential.
Business Rationalisation and Commercial Momentum
Adisyn has undertaken a strategic review and rationalisation of its operations, consolidating its activities into three focused business units – 2D Generation, Corporate, and Adisyn Services. The latter has pivoted towards specialist IT managed services including cybersecurity and cloud solutions. Post quarter-end, Adisyn Services secured a significant contract worth approximately A$270,000 with Orbital Corporation Limited, pushing this division towards cashflow breakeven and beyond.
On the financial front, the company reported operating cash outflows of A$1.042 million and investing outflows of A$941,000 during the quarter, primarily related to the ALD system acquisition. Despite this, Adisyn maintains a robust balance sheet with A$6.9 million in cash and minimal remaining equipment finance, positioning it well for continued R&D and commercialisation efforts.
Looking Ahead
Adisyn’s advancements in graphene interconnect technology come at a critical juncture for the semiconductor industry, which is grappling with the physical limits of copper wiring at nanoscale dimensions. The company’s low-temperature ALD process could unlock new performance thresholds for chips powering AI, 5G/6G, and high-speed data processing.
While the company has made tangible progress, challenges remain, including the unresolved disposal of Victorian-based Miner Hosting assets and the inherent uncertainties of commercialising breakthrough materials technology. Nevertheless, Adisyn’s strategic partnerships, validated funding, and emerging commercial contracts suggest a promising trajectory.
Bottom Line?
Adisyn’s technological and commercial momentum positions it as a compelling player in next-gen semiconductor materials, but execution risks remain as graphene interconnects move towards market adoption.
Questions in the middle?
- How soon can Adisyn demonstrate commercial-scale production of graphene interconnects?
- What impact will the unresolved Victorian asset disposal have on the company’s financials?
- Can Adisyn expand its managed IT services contracts to sustain cashflow breakeven?