Adisyn’s Graphene Milestone Secures Global Endorsement—and $520k in R&D Support

In a week of wins for the ASX-listed Adisyn (ASX: AI1), the company has capped off a major research milestone with the Israel Innovation Authority (IIA) formally approving the completion of its graphene R&D program. The final tick not only validates the company's cutting-edge work on low-temperature graphene deposition but also unlocks the remaining $100,000 tranche of a $520,000 grant, covering half the cost of the $1.04 million project.

This isn’t your garden-variety tech rebate. The IIA is globally recognised for its stringent funding criteria, and its backing amounts to a high-grade endorsement of Adisyn’s technology—a process that could very well redefine semiconductor interconnects.

Through its Israeli subsidiary 2D Generation, Adisyn has been developing an ALD (Atomic Layer Deposition)-based technique to lay graphene films directly onto semiconductor wafers at low temperatures. Why is this significant? Because traditional graphene manufacturing has demanded high heat—north of 900°C—making it incompatible with mainstream chip fabrication processes. By solving this thermal dilemma, Adisyn positions itself at the bleeding edge of materials science and silicon innovation.

According to Chairman Kevin Crofton, the IIA nod “represents more than funding—it is a strong endorsement from one of the world’s most credible innovation agencies.” He also noted the synchrony between the final grant approval and the recent arrival of Adisyn’s new ALD system—adding momentum to the company’s transition from lab-based validation to real-world relevance.

Beneq ALD System to be installed at 2D Generation R&D facility

For a refresher, the ALD system in question landed at 2D Generation’s R&D facility just last week. Manufactured by Finnish firm Beneq, the system complements another Beneq TFS 200 already in use at Tel Aviv University through a strategic partnership. With dual systems now operating, Adisyn can accelerate testing across various metal and non-metal surfaces, aiming to evaluate graphene’s role in enhancing signal integrity, reducing heat, and boosting electron mobility at nanoscale dimensions.

And there’s no lack of ambition. The goal is to outclass copper—the current industry standard for interconnects—by offering up to 200x higher electron mobility, lower resistive heating, and improved compatibility with sub-5nm geometries. All of this matters a great deal to sectors like AI, high-performance computing, and 5G, where data must travel fast, cool, and reliably.

The backdrop to these developments is a semiconductor industry eyeing a trillion-dollar valuation by 2030. In this context, Adisyn’s focus on interconnects—often the limiting factor in chip performance—is both strategic and timely.

Adding to the company’s credentials, its R&D alliance with imec, Europe’s foremost semiconductor research hub, gives it both gravitas and validation. Imec has previously pointed out that while graphene is promising, an industrial process for direct deposition onto interconnects remains elusive—until now, potentially.

From an investor’s lens, this might be small-cap ambition with large-cap implications. With a market cap of just $35.4 million and $9.5 million in the bank as at 31 March 2025, Adisyn has runway and resolve. It’s not just building tech; it’s building credibility, brick by patented brick.

What comes next is critical: the commissioning of the new ALD system, followed by a pipeline of experimental results expected to test—and hopefully confirm—the industrial viability of their graphene play. If successful, the company could leap from the speculative to the scalable.

For now, Adisyn has done what few in deep tech manage: turn an R&D grant into a validation event. And in a market where credibility is often the hardest currency to earn, that’s a meaningful deposit.