|January 29, 2015|
Filament Production Equipment Operational at Graphene 3D Lab
|January 29, 2015 -- Vancouver, British Columbia, Toronto, Ontario and New York, NY -- Graphene 3D Lab Inc. (TSX-V: GGG, OTCQB: GPHBF) ("Graphene 3D", "the Company") is pleased to announce that it has received and successfully assembled an industrial scale thermoplastic extruder line to be used in the production of conductive graphene filament. The equipment, which has a production capacity of up to 10 kg per hour of 3D printer filament, is now operational and has been tested for the production of specialty filaments.|
The installation of an industrial-scale extruder in Q1 of 2015 is in line with the milestones established in the Company's business plan. Sales of conductive graphene filament are expected to begin before the end of the first quarter of 2015.
Graphene 3D CEO Daniel Stolyarov commented, "The Graphene 3D team has worked tirelessly to begin commercial production of our materials. We are excited to now be making the transition from developing the materials in our research lab to beginning industrial scale production and moving forward to revenue generation. I am personally looking forward to offering our filaments to customers and to receiving their feedback on our products. Graphene 3D plans to continue expansion of production capacity in the near future, as we anticipate growing demand for our materials."
About Graphene 3D
Graphene 3D Lab Inc. is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing, including fused filament fabrication. The Company is also involved in the design, manufacture, and marketing of 3D printers and related products for domestic and international customers.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The Company has three US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
For more information, please contact:
President & Chief Executive Officer
Telephone: (631) 405-5116
Telephone (631) 405-5114
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information in this news release includes statements about the commercial grade plastic extrusion equipment and its uses.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, equipment to be used in the production of conductive 3D printing filaments and the capabilities of such equipment. 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, any malfunction by the equipment or an incompatibility between the equipment and Graphene 3D's material process.
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.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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