Adisyn Advances Semiconductor Graphene and Radar Tech with $14M Capital Boost
Adisyn has confirmed a major graphene breakthrough compatible with semiconductor manufacturing and secured exclusive radar absorption rights, backed by a $14 million placement led by top institutional investors.
- Industrial ALD system achieves continuous graphene layer below 450°C
- Exclusive global rights secured for graphene radar signature reduction
- Initial proof shows 20dB radar reduction with 30dB target
- A$14 million placement cornerstoned by Regal and Meitav
- Arye Kohavi appointed Managing Director to accelerate semiconductor focus
Graphene Breakthrough Opens Semiconductor Doors
Adisyn Ltd (ASX:AI1) has achieved a critical technological milestone that could reshape semiconductor interconnects. The company demonstrated the deposition of a continuous sp²-based graphene layer on copper substrates using an industrial Atomic Layer Deposition (ALD) system at temperatures well below the semiconductor industry’s thermal limit of approximately 450°C. This low-temperature process, independently verified by Professor Yoram Selzer from Tel Aviv University, addresses a longstanding hurdle that has prevented graphene’s integration into semiconductor manufacturing.
This breakthrough is significant because it combines three essential factors previously elusive in the industry: use of existing industrial ALD equipment, operation within semiconductor-compatible temperature limits, and formation of a uniform, continuous graphene layer. Such a combination paves the way for graphene to replace copper interconnects, which currently limit chip performance due to resistance and heat issues. The company is now poised to engage with semiconductor industry players to advance recipe development, scale-up to wafer sizes, and validate repeatability, aligning with its roadmap to commercialisation.
Exclusive Radar Signature Reduction Rights and Proof-of-Concept
Beyond semiconductors, Adisyn is pushing graphene into defence applications by securing exclusive, worldwide commercialisation rights from Tel Aviv University for radar absorption technology. Its subsidiary, 2D Radar Absorbers Ltd, has entered a binding licence and research agreement with Ramot, the university’s technology transfer arm. Initial proof-of-concept tests demonstrated graphene-enhanced composite materials can reduce radar reflection by up to 20dB, with ongoing development targeting a 30dB reduction, equivalent to a 1,000-fold decrease in radar return signal strength. Such a reduction could dramatically diminish drone and UAV detectability, opening potential in defence and aerospace sectors.
The research program, led by Professor Pavel Ginzburg, is supported by a 12-month funded collaboration focusing on performance optimisation and manufacturability. Adisyn’s efforts here reflect a strategic diversification of its graphene technology platform into high-value advanced materials markets.
Strong Institutional Backing and Leadership Alignment
In a move that underscores market confidence, Adisyn secured firm commitments to raise A$14 million via an institutional placement priced at A$0.0675 per share. The raise was led by Regal Funds Management, managing over A$20 billion, and Meitav Israel, Israel’s largest investment house with approximately A$190 billion in assets. This funding will accelerate technology development and commercial engagement across both semiconductor and radar applications.
Meanwhile, the company appointed Arye Kohavi, former CEO of its semiconductor IP subsidiary 2D Generation, as Managing Director. This leadership change aligns with Adisyn’s sharpened focus on graphene-enabled semiconductor technologies, following a strategic review and acquisition that repositioned the company away from its IT services business. Kohavi’s technical and commercial expertise is expected to drive progress toward key milestones such as wafer-scale validation and industry partnerships, complementing the company’s recent $14 million placement and earlier graphene deposition validation achievements.
Financial Position and Ongoing Business Lines
Adisyn closed the quarter with A$3.7 million in cash and remains debt-free. Operating cash flow was negative A$980,000 for the quarter, reflecting ongoing R&D and operating expenses. The company’s Adisyn Services unit continues to generate revenue through managed IT and cybersecurity contracts, including a recently commenced three-year, approximately A$3 million cyber security agreement with Tabcorp. However, management is exploring options to unlock shareholder value from this business, consistent with the company’s semiconductor-centric strategy.
Payments to related parties during the quarter totalled A$206,000, covering director fees and salaries. The company’s financial discipline and institutional support provide a runway of nearly four quarters at current operating cash burn, underpinning its ambitious technology development plans.
Bottom Line?
Adisyn’s low-temperature graphene breakthrough and exclusive radar tech rights position it at the forefront of semiconductor and defence materials innovation, but commercial scalability and market adoption remain key hurdles ahead.
Questions in the middle?
- Can Adisyn successfully scale graphene deposition from coupons to wafer-level production within semiconductor thermal budgets?
- How quickly will the company advance from radar signature proof-of-concept to commercial licensing and real-world validation?
- What impact will the planned divestment or restructuring of the IT services business have on Adisyn’s financial stability and strategic focus?
