Graphene commercial uses.
Graphene 3D Lab Receives Approval for Next Task of R&D-Royalty Agreement with Fortune 500 Manufacturer
April 14, 2016 –Calverton, NY – Graphene 3D Lab Inc. (TSXV: GGG, OTCQB: GPHBF) ("Graphene 3D" or the "Company") is pleased to announce that it has been approved to move forward with the next task of its research, development and royalty agreement with a Fortune 500 listed manufacturer. Graphene 3D has successfully concluded the initial task of the Agreement which was originally announced in a news release dated December 1, 2015.
Elena Polyakova, Co-Chief Executive Officer said, "We are fortunate to have a world leading R&D team in the graphene and nanomaterial field. Meeting or exceeding all of a client's performance criteria is another example of how we are ideally suited to work with existing manufacturers to assist them with incorporating graphene into their products".
The Agreement encompasses the development of multi-phased deliverables over the course of approximately a year. For competitive reasons and pursuant to confidentially clauses contained with the Agreement, neither specific research objectives nor the identity of the Fortune 500 manufacturer can be publically disclosed. Upon successful completion of the research phase, and subject to approval by the U.S. Food & Drug Administration, the developed materials will become a part of a consumer retail product.
The Agreement calls for all research and development costs and royalty obligations to be paid by the partner, as well as a first-right-of-refusal for supply of any graphene related materials in future manufacturing pertaining to Intellectual Property (IP) developed under the agreement. All IP developed under the scope of the Agreement will be jointly held by both parties.
About Graphene 3D Lab, Inc.
Graphene 3D Lab, Inc. is a world leader in the development, manufacturing and marketing of proprietary composites and coatings based on graphene and other advanced materials. These diverse materials have a wide spectrum of commercial, research and military applications. The Company's wholly owned subsidiary, Graphene Laboratories Inc., currently offers over 100 graphene and related products to a client list comprised of more than 10,000 customers worldwide, including nearly every Fortune 500 tech company and major research university. Some notable clients are: NASA, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM and Stanford University. The Company's suite of products are available online at the company's e-commerce platform Graphene Supermarket (www.graphene-supermarket.com).
The 3D printing division of the Company offers a portfolio of specialty fused filament fabrication filaments.. These materials can be purchased through multiple distribution networks worldwide or directly online at www.blackmagic3D.com. Graphene 3D also holds a new proprietary technology encompassing the preparation and separation of atomic layers of graphene. This technological breakthrough represents a new, energy efficient process to manufacture, sort and classify graphene nanoparticles resulting in the potential for large scale production of high grade graphene at lower costs than exist in today's marketplace.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has six US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
