|September 22, 2014|
Graphene 3D Lab, Inc. Announces Joint Venture with Stony Brook University
|September 22, 2014 -- Vancouver, British Columbia, Toronto, Ontario and Calverton, NY -- Graphene 3D Lab, Inc. (TSX-V: GGG) ("Graphene 3D") is pleased to announce a joint venture with Stony Brook University in quality control testing of 3D printing materials enhanced with graphene and other advanced materials. In accordance with the agreement, which has an extendable one year duration, Graphene 3D will pay a total $137,713 to the Research Foundation for SUNY. In exchange, Stony Brook University will provide analytical services at a fully-equipped laboratory to investigate Graphene 3D's proprietary materials. Dr. Oleksander Savsunenko, who earned his Ph.D. in Chemistry from the University of Toulouse, is to be appointed as the director of this project. |
Graphene 3D will work with researchers at the Stony Brook Center for Advanced Sensor Technology ("Sensor CAT") to test performance and quality control parameters of 3D printer filaments provided by Graphene 3D; both mechanical and functional properties will be considered during testing. The collaboration is expected to report on the optimal printing conditions for graphene-enhanced 3D printing materials.
"Sensor CAT's testing of Graphene 3D materials will ensure an impartial review of the materials functional attributes by project personnel," said Daniel Stolyarov, Graphene 3D's CEO. "This joint venture also allows Graphene 3D to access Stony Brook University's world-class facilities and personnel, thereby shortening the development time of our materials and reducing overall R&D costs."
Dr. Peter Shkolnikov, Deputy Director of Sensor CAT, added "Collaboration, like that with Graphene 3D, is core to the mission of Sensor CAT to provide businesses with access to renowned expert staff as well as state-of-the-art facilities and equipment." He continued, "Under supervision of Sensor CAT, students at Stony Brook University will have the opportunity to work on this joint venture alongside Graphene 3D, and potentially continue that relationship upon graduation."
Further, Graphene 3D will establish a Scientific Advisory Board, which will be joined by Prof. Mikhail Gouzman. Prof. Gouzman is a widely recognized expert in 3D printing. He manages several laboratories at Sensor CAT and is a co-founder of Graphene 3D.
Prof. Mikhail Gouzman commented "I look forward to joining the newly created Scientific Advisory Board of Graphene 3D and providing the team with my insight and experience in the 3D printing industry. Further, I look forward to pursuing of the mission of the board, which is to attract world-class researchers to Graphene 3D and offer direction on the company's technological developments."
The Sensor CAT at Stony Brook University is one of fifteen (15) currently designated Centers for Advanced Technology (CAT) designed to spur technology-based applied research and economic development in New York; encourage applied research collaboration and innovation with industry; promote workforce development; better leverage State funds with investments from the federal government, industry, foundations, and not-for-profit economic development organizations; and increase the competitiveness of New York State companies. The CAT Program is a part of Empire State Development's Division of Science, Technology and Innovation (NYSTAR) whose mission is to accelerate the growth of New York State's high-tech economy.
About Stony Brook University
One of four University Center campuses in the SUNY system, Stony Brook University co-manages Brookhaven National Laboratory, putting it in an elite group of universities that run federal research and development laboratories. Its membership in the prestigious Association of American Universities (AAU) places Stony Brook among the top 62 research institutions in North America. As the largest single-site employer on Long Island, Stony Brook is a driving force of the regional economy, with an annual economic impact of $4.65 billion, generating nearly 60,000 jobs, and accounts for nearly 4% of all economic activity in Nassau and Suffolk counties, and roughly 7.5 percent of total jobs in Suffolk County.
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FORWARD LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information in this news release includes statements about a joint venture to take place between Graphene 3D and Stony Brook University, and the creation of a the Scientific Advisory Board.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, results to be determined due to this collaboration, payment to be granted to RF SUNY, personnel to be involved in this project, and the appointment of Mikhail Gouzman to the Scientific Advisory Board. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the inability of involved parties to meet their obligations, results which do not meet the expectations expressed above, and any failure of Graphene 3D to administer payment to RF SUNY in a timely manner.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
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