Adisyn’s subsidiary 2D Radar has teamed with Israeli plastics giant Raval to fast-track graphene-enhanced stealth parts for drones, aiming to compress development-to-production timelines from years to months.
- MOU signed for graphene radar-absorbing drone parts
- Raval’s automotive-grade serial production to speed scale-up
- Plan for 50:50 joint venture with Israeli manufacturing exclusivity
- 2D Radar to earn royalties on JV revenues
- Definitive agreements targeted within 180 days
Fast-Tracking Graphene Stealth Components
Adisyn Ltd (ASX:AI1) has taken a significant step towards commercialising its graphene-based stealth technology with a Memorandum of Understanding (MOU) signed between its subsidiary 2D Radar Absorbers Ltd and Raval A.C.S. Ltd, one of Israel’s largest plastics manufacturers. The partnership aims to co-develop graphene-enhanced injection-moulded parts designed to absorb radar signals for drones and UAVs, leveraging Raval’s established serial production capabilities to dramatically shorten the path from prototype to volume manufacturing.
Unlike typical collaborations that separate lab development from manufacturing, this alliance is structured to run development directly on Raval’s automotive-grade serial production machines. This approach promises to reduce the usual multi-year transition phase to just months, a critical advantage in the fast-evolving drone and defence sectors where rapid deployment is paramount.
Raval’s Industrial Scale and Quality Credentials
Raval brings substantial industrial heft to the table, boasting €201 million in revenue and €33 million EBITDA for 2025, with a robust order backlog exceeding €1.2 billion. Operating 11 global facilities and employing over 1,200 staff, Raval supplies major automotive OEMs including Volkswagen, BMW, and Mercedes, adhering to stringent international standards such as IATF 16949 and ISO certifications.
This pedigree ensures that the graphene stealth components will be developed and produced within a framework of rigorous quality and security controls, aligning with the demanding requirements of defence customers. The collaboration thus bridges the gap between cutting-edge materials science and industrial-scale manufacturing, a rare combination that could position Adisyn favourably in the Israeli Ministry of Defense’s supply chain.
Joint Venture Pathway and Commercial Terms
The MOU outlines a clear pathway to a 50:50 joint venture (JV) within 18 months, contingent on meeting technical milestones such as successful radar absorption testing and customer prototype requests. The JV would hold exclusivity for manufacturing within Israel and license 2D Radar’s stealth technology, with royalties payable to 2D Radar on gross revenues.
Each party will fund its own development activities, with 2D Radar potentially accessing non-dilutive grants from Israeli innovation authorities to support Raval’s development costs. The JV could manufacture components either internally or via subcontractors, aiming to serve both domestic defence and global drone markets.
Strategic Implications for Adisyn
Adisyn’s Managing Director Arye Kohavi emphasised the strategic value of this collaboration, highlighting the integration of exclusive graphene radar absorption technology licensed from Tel Aviv University with Raval’s industrial manufacturing prowess. This vertically integrated stealth materials platform could offer a compelling proposition to defence and UAV manufacturers seeking rapid, scalable solutions.
The timing follows recent corporate moves, including the appointment of former Israeli Air Defence Colonel Tamir Zimber to Adisyn’s advisory board, signalling a sharpened focus on defence sector engagement and commercialisation acceleration. This partnership with Raval complements these strategic initiatives by addressing a key bottleneck in moving from laboratory innovation to industrial production, a challenge that has historically slowed graphene stealth material adoption.
Challenges and Next Steps
While the MOU sets ambitious targets, it remains non-binding and subject to technical and commercial validation. The exclusivity granted to the JV is limited to Israel, which may constrain global market reach unless further agreements are negotiated. The coming 12 to 18 months will be critical to demonstrate technical progress and commercial viability, with definitive agreements expected within 180 days.
Investors will be watching how quickly the collaboration can translate prototypes into qualified production parts, and whether the JV can secure meaningful customer engagements in the competitive drone stealth market. The integration of graphene stealth technology with proven automotive manufacturing standards could prove a differentiator, but execution risk remains significant.
Overall, this agreement marks a tangible advance in Adisyn’s journey from graphene research to real-world defence applications, potentially unlocking new revenue streams and strategic partnerships.
Appointment of former Israeli Air Defence and exclusive radar absorption rights have set the stage for this industrial collaboration, underscoring the company’s evolving defence technology ambitions.
Bottom Line?
Adisyn’s deal with Raval could slash time-to-market for graphene stealth drone parts, but success hinges on meeting tight technical milestones and expanding beyond Israeli exclusivity.
Questions in the middle?
- Will the joint venture secure significant drone manufacturer contracts within the next 18 months?
- Can the collaboration’s rapid prototype-to-production approach be replicated in other jurisdictions beyond Israel?
- How will Adisyn balance funding and resource allocation between its semiconductor ambitions and stealth materials commercialisation?