|February 21, 2019|
Graphene 3D Lab Finalizes Technology Transfer Agreement and Receives additional Royalty Payment
|February 21, 2019 -- Ronkonkoma, NY -- Graphene 3D Lab Inc. (TSXV: GGG, OTCQB: GPHBF) ("Graphene 3D") is pleased to inform shareholders that the Technology Transfer Agreement (the "Agreement") has successfully completed between Graphene Laboratories, Inc. ("GL"), a wholly owned subsidiary of Graphene 3D Lab Inc. and a multinational manufacturer (the "Partner") that produces advanced materials including: pharmaceutical, packaging, household, and several industrial materials (see press release published on March 28th, 2018). GL has received an additional royalty payment in the amount of US$60,000, as per the final Agreement commitments for this production campaign. |
GL's Partner, with the help of the Company's research team, successfully completed the manufacturing campaign of the advanced material (the "Product") at one of its European facilities utilizing GL's technology (the "Technology"). During the production campaign, GL assisted its Partner with the technical aspects of implementing the Technology within the industrial setting to successfully make the desired end Product.
The Product will now be tested by an independent third party. If the tests yield a positive outcome, the Product is anticipated to be manufactured on a large scale and GL's Technology would be a valuable component of the overall manufacturing process. GL retains ownership of its Intellectual Property ("IP") rights and the successful completion of this Agreement marks another key step towards further monetization and revenue generation from GL's IP.
The Company will explore further potential licensing and royalty arrangements, or a complete sale of its IP, as the Company looks to build its partnership network and secure further accretive transactions.
About Graphene 3D Lab, Inc.
Graphene 3D Lab, Inc. is capitalizing on groundbreaking properties of graphene and other advanced materials. The company is offering high-tech solutions in several areas including:
R&D 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 14,000 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 is available online at the company's e-commerce platform Graphene Supermarket (Graphene-Supermarket.com)
3D Printing: 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 BlackMagic3D.com .
High Performance Epoxies: Adhesive materials produced by the company are distributed under G6-EpoxyTM trade name and can be purchased at g6-epoxy.com
Fine Organic Chemicals: ChemApproachTM is a worldwide supplier of a wide variety of building blocks to R&D facilities in pharmaceutical and agriculture industries, academic institutions, biotechnology, and Hi-Tech companies. This division of Graphene 3D Lab offers a plethora of the substituted aromatic and heterocyclic compounds. Most of these molecules can be further synthesized as medicinally relevant drug candidates. The production scale varies from grams to multi-kilograms quantities. The division's main expertise lies in the introduction of the various substituents to aromatic rings, a large variety of functional group transformations, and a selective incorporation of halogens in organic molecules, particularly, iodine. These classes of organic molecules have a wide range of application in drug-design, biochemistry, polymer chemistry, electronics and energy. ChemApproach.com
The Graphene 3D facility is located in Ronkonkoma, 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: Daniel Stolyarov, President & Co-CEO
For More Information:
Co-Chief Executive Officer
Telephone: (631) 405-5113
Telephone: (631) 405-5114
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