De Mem signs partnership agreement with Purafy Clean Technologies

De Mem Limited (ASX: DEM) announced that it had entered into a partnership agreement with Purafy Clean Technologies, Kingston, Ontario, Canada, to commercialisation of its Graphene Oxide Enhanced Membrane technology. Under the agreement, the company will get exclusive access to Purafy’s unique Graphene Oxide nanoparticles, and in exchange, Purafy will get the exclusive right to use De mem’s GO membrane within its portable and domestic water treatment products.

For the North American and Australian markets only, De Mem anticipates its revenues from the new partnership during the initial market introduction phase at approx. AU$300,000 and AU$750,000 in year 1 and 2 from the product certification, respectively. It also expects that there will be substantial growth potential after year 2 and from the launch of the technology into other regions.

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