PPK Group Advances BNNTs Across Industry Sectors
By Peter Robert
With Australia’s commercialization of boron nitride nanotubes (BNNTs) across a range of industries, PPK Group reported progress in its investments and an increase in the value of its intellectual property.
The group, which manufactures BNNTs and supplies part-owned companies developing bulletproof vests, dental implants, advanced batteries and alloys, among others, reported an $11.6 million gain from a revaluation the value of its stake in the subsidiary BNNT Ltd (NMMTL) which manufactures BNNT in Geelong, Victoria.
The group’s total assets increased by $56.7 million in the first half of FY22 to $153.3 million according to a semi-annual report to shareholders.
PPK Group posted a net profit after tax of $5.6 million, an improvement from the loss of $2.0 million in the prior corresponding period, after spending $5.7 million on technology in its three subsidiaries.
Highlights from half of the PPK group included:
BNNTL automates its production processes and negotiates a lease to house two new furnace modules that produce BNNT
- The completion of the listing of battery development group LI-S Energy on the ASX at a value of $1.5 billion. Li-S Energy is building battery optimization labs in Geelong, Victoria. The company is developing products with Boeing subsidiary Insitu Pacific and Janus Electric on battery development
- Partly owned White Graphene Ltd produces small quantities of “white graphene” and has signed a research agreement with Deakin University, Geelong WGL also has collaboration with Korean zinc subsidiary Sun Metals
- Ballistic Glass Ltd, 40% owned by PPK, has successfully blended BNNTs into liquid resins for the production of bulletproof glass and woven fabrics for bulletproof clothing.
- PPK has interests in 3D Dental Technologies, Craig International Ballistics, Survivon Ltd as well as a mining equipment business which it intends to divest
Photo: PPK Group
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