Standard Graphene Partners with Flvics to Develop Graphene-Enhanced Archery Arrows
Two companies have formed a collaboration to explore the development of a graphene-based archery arrow to target the global sports arrow market which is currently dominated by US Easton.
Arrow products account for one-sixth of the $5.2 billion global market for archery equipment and accessories used in sports, recreation and hunting, according to Baek Jong-dae, CEO of the equipment maker. Archery Fivics, and Standard Graphene CEO Lee Jung-hoon. The two CEOs believe their technology can be competitive in this market, once their graphene-based arrows are adopted and used for better performance by players in Korea, the current Olympic archery champion country.
“The game arrow made by the American company uses carbon fiber around an aluminum pipe, but there will be a huge difference in performance between this conventional arrow and our new graphene,” said Baek, who played archery during his school years. “Graphene arrows are lighter and have stronger physical properties. They fly faster and are less affected by wind due to better durability and vibration dampening.
Fivics is one of the leading distributors of archery arrows for school training and accessories such as protective flip flops with a 70% market share in Korea. The company is also the developer of the world’s first waterproof paper target, which was used at the Tokyo Olympics.
Sales of Standard Graphene are said to have increased more than fivefold last year as demand for graphene increased in broader areas, including water treatment and consumer goods like hiking boots.