|June 01, 2017|
Graphene 3D Lab and AzTrong Announce MOU for Strategic Partnership on Large-Scale Manufacturing
|June 1, 2017 -- Calverton, NY -- Graphene 3D Lab Inc. (TSXV: GGG, OTCQB: GPHBF) ("Graphene 3D" or the "Company") and AzTrong Inc. ("AzT") are pleased to announce the signing of a Memorandum of Understanding (MoU) which outlines the terms of the Strategic Alliance Agreement to be executed in the near future. The goal of the Alliance is to capitalize on the Company's broad base of customers and extensive IP portfolio in the graphene sector, while AzT will contribute its large-scale manufacturing base with well-developed infrastructure in the USA and Taiwan. The desired outcome is a cost effective production of performance-improving graphene-based products with focus on energy storage, construction, automotive and defense sectors.|
Graphene 3D co-CEO Dr. Daniel Stolyarov commented: "I am very excited about the opportunities arising from our strategic partnership with AzTrong Inc. We believe that this partnership is key to the successful commercialization of graphene products. So far, the market penetration of our products was hindered by the lack of manufacturing capabilities in our Calverton, NY facility. That is why we are delighted to find a reliable business partner who will assist us in implementing our ideas for new products at the commercial scale"
"Working together with Graphene 3D will help us expand and diversify our offering for graphene products," added Kuan-Tsae Huang, CEO of AzTrong, Inc. "As a leading supplier of graphene and graphene-based products, we are confident that our manufacturing capabilities, coupled with the broad expertise of Graphene 3D Lab will facilitate accelerated new product introductions that offer our customers new and novel graphene products."
Subject to the final agreement, Graphene 3D will continue to develop formulations for graphene-related products while conducting tests and quality control measurements. The Company will also contribute its extensive knowledge in marketing for the graphene related products, while AzT will perform the large-scale manufacturing of the products. The products will be distributed by both companies including the e-commerce web stores, Graphene Supermarket, BlackMagic3D and G6-Epoxy, operated by Graphene 3D.
About AzTrong Inc.
AzTrong is a technology leader focused on cost effective technology for mass production of graphene and composite products in the forms of inks, powders, slurries, and films for graphene-based applications and solutions. Over the years, it has developed recipes and dispersion methods for GO/rGO composites for the lithium-Ion battery, supercapacitor, electronics and biomedical applications. Its graphene functionalization processes can be tailored to produce a wide variety of surface modifications and coating.
By leveraging IBM's smart manufacturing idea with the use of the "Internet of things" and smart factories, AzTrong is able to provide turnkey solution by producing graphene at capacity of 50-3000 tons annually. The goal is to enable its customers to combine quality production with stability, reliability, availability, scalability and quick customization to capture emerging opportunities.
The vision of AzTrong (www.aztrong.com) is to leverage graphene materials to create a high value chain for the Smart Life solution and services. AzTrong has large scale manufacturing facilities in the US and Taiwan and is in the planning stages of building a graphene and application museum.
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 application. 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 12,000 customers worldwide, including nearly every Fortune 500 tech company and major research university. Some notable clients include: NASA, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM and Stanford University. The Company's suite of products is available online on the company's e-commerce platform Graphene Supermarket .
The 3D printing division of the Company offers a portfolio of 3D printable filaments. These materials can be purchased through multiple distribution networks worldwide or directly from the web-store www.blackmagic3D.com.
Adhesive materials produced by the company are distributed under the G6-EpoxyTM trade name and can be purchased at g6-epoxy.com.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has eight US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
ON BEHALF OF THE BOARD
President & Co-CEO
For More Information:
Co-Chief Executive Officer
Telephone: (631) 405-5113
Email: daniel.stolyarov@graphene3Dlab.com Investor Inquiries:
Investor Relations Coordinator
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 COLLABORATION AND MATERIAL SALES BETWEEN GRAPHENE 3D LAB AND TONER PLATICS.
IN CONNECTION WITH THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE, THE COMPANY HAS MADE NUMEROUS ASSUMPTIONS, REGARDING, AMONG OTHER THINGS, SALES TO BE MADE BY TONER PLASTICS AND GRAPHENE 3D MATERIALS AND COLLABORATIONS TO TAKE PLACE BETWEEN GRAPHENE 3D AND TONER PLASTICS. 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: INCOMPATIBILITY OF THE TECHNOLOGIES OWNED BY GRAPHENE 3D AND TONER PLASTICS; EITHER PARTY, FOR ANY REASON, CHOOSING NOT TO MOVE FORWARD IN JOINT COLLABORATION OR WITH THE SALES OF MATERIALS.
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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