re: Spec Play - HGRAF

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But we still only have 9,000 tons on hand and one Hyperion chamber with two more on the way.

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It's about offtake agreements now. Manufacturing capacity isn't a trick. They have it well in hand and doesn't require much capex. Getting listed will be a nice bump but beyond that, it's path to $XX per share is paced by sales.

I will be watching to see how many Hyperion units they contract to build. If they ramp up, then they will be anticipating big contracts. If they go slow, I'm worried...

Yeah I’m in the same boat it takes what seems like a week to get settled with Schwab.

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Yeah I’m in the same boat it takes what seems like a week to get settled with Schwab.

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Sucks if you have to wait to buy only to see the price climb up.

From Reddit - Kerry Landis (Hgraf board member) gave a nice preso the other day on HGRAF


I listened to Kerry Landis's presentation at the Metals Investor Forum so you don't have to.

Board member Kerry Landis speaking. Presenting a February 2026 Investor Deck.

*Commercialization has begun o*n the second slide.

Hyperion reactors have 10 tons capacity per year, scale, …”expanding to 30." says Landis. 

$500k to make a reactor

1 in full operation for a bit over a year 

Graphene sells at between $250k to up to $1m per ton

“We’ll have global reach. The feedstocks are available around the world. We can build the unit wherever we need. We’re gonna use decentralized control of these Hyperion units at the start but as worldwide access grows, we’ll probably have other locations around the world. Strong value proposition. We’ve found that every, about 75 potential customers now. We have found that every test that’s been done with different graphenes with different companies, we have won the test, in fact we are usually 3 or 4 times more efficacious. So the customers are… the purchase orders probably are not far down the line.” 

I like this sound of this. For as straightforward and cheap as they make the reactors sound, I’m glad to hear the strategy of simply building up new production locations closer to customers around the world.

2-3 months to make a reactor.

“We can don 10 in parallel” the way he said it, kinda sounds like that number could clearly increase

Love these bits about the GEIC, especially the ending.

“We have a strategic partnership with the GEIC, the Graphe Engineering Innovation Center in Manchester, England, and it’s here where they have acted as a 3rd party independent analyst to take a look at what graphene is the best for a customer. And like I said, in 75 potential customers, we have won every test and like I said 3-4 times more efficacious than other customers \[sic\]. James Baker was the CEO of the GEIC and he has stepped down from that, he was also a professor at the university of Manchester, he stepped down from that, and he has joined our advisory board. At the GEIC is where we came in contact with the US Army Research Lab, they have determined that they want to produce a GEIC in the United States and we have been told that Hydrograph is going to play a key role in that.”

Slide comes up listing industries they could be a part of: lubricants, composites, coatings, cement/concrete , energy storage. “We’re going to address or be available and will provide graphene for all these industries. They two were most focused on at the moment are composites and coatings. Although lubricants, concrete, and energy storage are going to be high on our list also.”

A slide comes up titled *2026: Commercialization under way* with three blurbs.

*Large automotive company: Multiple successful trials completed for automotive composites. Next: Pilot industrial scale-up, followed by commercial scale-up negotiations targeting 2026. Tonnage volumes anticipated.*

*Biosensors: Hawkeye Bio achieves distributor contract and published data in Nature. Next: Production ramp up begins in 2026 with additional biosensors in development targeting 14 different diseases.*

*Technical Fibers: scale up order expected based on repeated results. Next: Pilot industrial scale-up to commence at completion of current trial. Rapidly growing defense interest.*

And Landis says, “And the bottom one, the technical fibers. That’s the military and federal, and we’ve got a large interest in that. So we think that’s going to be pretty big also."

NASDAQ hopefully by the end of Q2.

He ended with what seemed like some late add to his script. Honestly the swerve from dry business presentation to this pump felt out of place. “You may ask yourself, are we done, is this as far as we’re going. Well let me remind you, we’re a patented process, we’re easily scalable, we have a growing customer base, we’ve got about 75 already that are, we don’t have a closed purchased order yet, but we’re getting there and we anticipate that soon. We’re not dependent on any foreign suppliers, we produce the graphene here. We can reduce the reliance on critical minerals such as copper and silver …  Hydrograph will play a large part in the buildout of the US Army GEIC in the US. We have a headquarters that is being opened right now in Austin, TX. The NASDAQ listing, we just achieved the metrics that are necessary for NASDAQ listing and we’re expecting to have that closed hopefully by the end of Q2 of this year. And low cap ex, low operating expense. It’s about 20%, so for every $1 of revenue about 20% of it is expended for OpEx and 80% is clear earnings. So as an investor, let me ask you one question. Do you want to buy stock in a company that before or after large purchase orders begin. Before revenue begins to expand at 80% margin. Before the NASDAQ listing where more potential investors come on. Before we announce the contract that we’re near term for an acetylene and oxygen supplier. Before we begin the large production facility where we will put tens if not hundreds of Hyperion units and before we scale up production to begin in earnest.”

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And low cap ex, low operating expense. It’s about 20%, so for every $1 of revenue about 20% of it is expended for OpEx and 80% is clear earnings.

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About to rob a brinks truck.

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And did he say pricing starts at $250K/mt? ETA - following post had the answer. And, if I recall he - said their margin was about 80%

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Just out of curiosity, how does Dr Sorenson and Kansas st get paid in all of this?

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Any guesses on what action we’ll see today?

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We can only guess for now. Hopefully they sign the EPA approval this week and announce something regarding facilities or contracts. I think that’s very optimistic to be expecting something this week but I’ll be refreshing 20 today to check for any spikes.

Which supposedly delays any news until late this week, or early next week.

This should be a good hype week, and a good week to mention it to your friends, should you choose. I mentioned it to a few folks, hopefully, so I don't have to hear "why didn't you tell me?"