Graphite and graphene player Talga Resources has appointed Orbital Corporation boss Terry Stinson as its new chairman.
Mr Stinson replaces retiring chairman Keith Coughlan, who will be retained by the company as a consultant. Talga holds graphite projects in Sweden and is investigating the potential to produce graphene (one-atom thick sheets of graphite) commercially. Graphene is used as a strengthening agent in a range of high-tech applications.
Talga’s commercialisation strategy is focused on targeting a small number of value-added graphene products to complement its ability to supply raw graphene and graphite materials. Managing director Mark Thompson said Mr Stinson had an outstanding commercial pedigree in achieving major international contractual outcomes for new technologies across the automotive, aerospace, defence, maritime, industrial products, mining and manufacturing sectors, including strategic licencing and intellectual property agreements.
“His experience will be invaluable in guiding Talga’s transition through 2017 from product developer to global supply chain player,” he said. “His appointment is very timely as he brings to Talga a very unique set of commercial skills and negotiating experiences over complex transactions that will be similar to the contractual path Talga is likely to take to bring its development successes to market.
“We also welcome Mr Stinson’s respected hands-on and collaborative approach to help drive Talga through the next critical steps in its development.” Besides his experience with Orbital, Mr Stinson has also worked in senior positions with Siemens, Outboard Marine Corporation and Synerject.
Most recently at Orbital, his efforts have been focused on developing and commercialising the company’s drone engine and propulsion systems. Talga shares closed down four cents, or 9.52 per cent, at 38 cents while Orbital shares were steady at 83 cents.
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