LUXEMBOURG — Japanese company Daikin Industries has become a shareholder of OCSiAl, a producer of graphene nanotubes, following three years of collaboration in developing graphene nanotube applications as a next-generation additive. Together, the companies are determined to develop high-performance materials and establish new markets.

The signing of a share subscription agreement between Daikin Industries, a leading air conditioning company and a pioneer in fluorine technologies, and OCSiAl was supported by prior joint developments and market evaluation. In accordance with the terms of the agreement, the valuation of OCSiAl is approximately $2 billion.

Along with the subscription agreement, the two companies have signed a cooperation agreement to develop, produce and market graphene nanotube solutions for next-generation Li-ion batteries and fluoropolymers, which comprise a substantial part of Daikin’s business. Graphene nanotubes demonstrate exceptional performance and definitive advantages over standard additives, opening-up new horizons for these applications.

Learn more about Daikin Industries at www.daikin.com. For more information about OCSiAl, visit https://ocsial.com.