Two businesses have formed a collaboration to explore the development of a graphene-based archery arrow to aim at the global sporting arrow market which is currently dominated by U.S. Easton.
Arrow products account for one sixth of the $5.2 billion worldwide market of archery equipment and accessories used in sporting, leisure and hunting activities, according to Baek Jong-dae, CEO of archery gears maker Fivics, and Standard Graphene CEO Lee Jung-hoon. The two CEOs believe their technology can compete in this market, once their graphene-based arrows are adopted and used for better performance by players in Korea, the current champion country in Olympic archery.
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Graphene applications, Graphene composites