Ceylon Graphite Corp. (“Ceylon Graphite”, or “CYL” or the
“Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased
to announce that it has developed a Biocidal Nanocomposite material
which will be used as a multi purpose biocidal coating multiple
material. In relation to the development of this product, Ceylon
Graphite has filed a patent application (Number 2102984.8) in Great
Britain on March 3, 2021.
The Biocidal Nanocomposite material was
developed by Ceylon Graphite’s renowned technical team of Drs Bohm,
who recently joined Ceylon Graphite. The Company’s Biocidal
Nanocomposite material will utilize its unique high-grade graphite.
The material has been designed to combat the transmission of a wide
array of pathogens to humans via contaminated surfaces such as
touchscreens, door handles, workstations, etc.
The COVID-19 pandemic has shown that the current
disinfection methods used are only effective momentarily and are
therefore impractical and unsustainable. Ceylon Graphite believes
that bio active coatings provide a better and more viable solution
for the continuous decontamination of hard surfaces. The necessity
of having continuous effective and efficient contact killing
technology is essential and Ceylon Graphite’s product meets all
known global standards for such a product.
Ceylon Graphite’s Technical Director, Dr.
Mallika Bohm, stated, “According to Global Market Insights
(www.gminsightscom), the total antimicrobial coating market
exceeded $3.2 billion globally in 2019 and is estimated to grow at
more than 10.4% CAGR between 2020 and 2026. The uniqueness of
Ceylon Graphite’s antimicrobial nanocomposite is its versatility.
We can tailor this newly developed product to be added to a vast
range of surface coating systems based on organic resins or
inorganic hybrid binders. A number of systems have already been
tested and have achieved excellent results. We have received
interest in our nanocomposite from specialised coating
manufacturers and we are excited to explore the market
opportunities further.”
Antimicrobial coatings are not new to the market
and a significant number of products are available in the market.
Their use and effectiveness though are restrained by the
limitations of the materials and the technologies used. While some
of the traditional biocides have been banned from being used in
coating products and use of others in antimicrobial coatings
efficiently and effectively is limited by the trade between the
maximum allowable (according to HSE regulations) level vs minimum
effective concentration of the biocides in coatings. The Ceylon
Graphite antimicrobial materials provides a path to achieving
required performance within the safe use of materials. Ceylon
Graphite’s innovative technology is a nanocomposite developed by
combining three different materials, biocide, photocatalyst and few
layers graphene (produced from Ceylon Graphite’s high grade natural
graphite) with very high antimicrobial efficacy and long-lasting
effect. The nanocomposite is produced by carefully arranging a
photocatalyst and biocide around few layers graphene and generates
synergistic effects of individual properties of each component.
Used in a coating, the nanocomposite has proven to be effective
(more than 80% efficacy within 5min of contact) against bacteria
such as E. coli and S. aureus, as well as the H3N2 virus. This
proprietary technology will provide the benefits of cost-effective,
long-lasting protection against the spread of infection through
hard surfaces and improved cleanliness with less chemical use.
A Media Snippet accompanying this announcement is available by
clicking on the image or link below:
Ceylon Graphite is one of the few natural
graphite producing companies in the world, and one of a very few
with access to vein graphite with average purity >90% Cg out of
the ground, a purity level which eliminates the need for expensive
primary upgrading commonly required for flake graphite found in
most parts of the world.
Ceylon Graphite’s exclusive global license
(please see press release dated February 23, 2021) pertains to a
method of producing high quality few layer graphene (“FLG”) and
derivatives by exfoliation of processed high-grade vein graphite
produced by Ceylon Graphite. The highly effective exfoliation
process is low energy consuming and results in increased yield
(>60%) of few layer graphene products which have been validated
for batteries and energy cells in addition to industrial end-user
applications like coatings.
Bharat Parashar, Chairman and Chief Executive
Officer, said, “This patent, when coupled with the Company’s
exclusive global license for few layered graphene opens up a
completely new market for Ceylon Graphite in coatings and paint
additives. Our technology enhances the photocatalytic efficiency of
the product through the use of few layer graphene to increase
electron mobility and thus enhances performance of the bioactive
material. This provides a very high efficacy for the antimicrobial
coatings at a low cost. We now have three products that
differentiate us in the market: the high-grade natural graphite,
few layered graphene and bioactive material for surface
coatings.”
The Company is not making any express or implied claims that its
product has the ability to eliminate, cure or contain the Covid-19
(or SARS-2 Coronavirus) at this time.
Upcoming Virtual
ConferencesCeylon Graphite will be presenting at the
following virtual investor conference in the next month and
welcomes anyone interested to reach out for meeting requests and/or
presentation details.
Mines and Money Online
Global ConferenceMarch 23-25,
2021https://minesandmoney.com/online/march/
Qualified PersonDonald K.D.
Baxter, P. Eng is a Qualified Person under National Instrument
43-101 and has reviewed and approved the geological and technical
information provided in this news release.
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on
the TSX Venture Exchange, that is in the business of mining for
graphite, and developing and commercializing innovative graphene
and graphite applications and products. Graphite mined in Sri Lanka
is known to be some of the purest in the world and has been
confirmed to be suitable to be easily upgradable for a range of
applications including the high-growth electric vehicle and battery
storage markets as well as construction, healthcare and paints and
coatings sectors. The Government of Sri Lanka has granted the
Company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. an
IML Category A license for its K1 mine and exploration rights in a
land package of over 120km². These exploration grids (each one
square kilometer in area) cover areas of historic graphite
production from the early twentieth century and represent a
majority of the known graphite occurrences in Sri Lanka.
Further information regarding the Company is
available at www.ceylongraphite.com
Bharat Parashar,
Chairman and & Chief Executive
Officerinfo@ceylongraphite.comCorporate
Communications+1(202)352-6022
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking
information as such term is defined in applicable securities laws,
which relate to future events or future performance and reflect
management's current expectations and assumptions. The
forward-looking information includes statements about Ceylon
Graphite’s grids, Ceylon Graphite’s plans to undertake additional
drilling and to develop a mine plan, and to commence establishing
mining operations. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to Ceylon Graphite, including
the assumption that, there will be no material adverse change in
metal prices, all necessary consents, licenses, permits and
approvals will be obtained, including various Local Government
Licenses and the market. Investors are cautioned that these
forward-looking statements are neither promises nor guarantees and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. Risk factors that
could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include,
among other things, an inability to reach a final acquisition
agreement, inaccurate results from the drilling exercises, a
failure to obtain or delays in obtaining the required regulatory
licenses, permits, approvals and consents, an inability to access
financing as needed, a general economic downturn, a volatile stock
price, labour strikes, political unrest, changes in the mining
regulatory regime governing Ceylon Graphite, a failure to comply
with environmental regulations and a weakening of market and
industry reliance on high quality graphite. Ceylon Graphite
cautions the reader that the above list of risk factors is not
exhaustive.
These forward-looking statements are made as of
the date hereof and, except as required under applicable securities
legislation, Ceylon Graphite does not assume any obligation to
update or revise them to reflect new events or circumstances. All
of the forward-looking statements made in this press release are
qualified by these cautionary statements and by those made in our
filings with SEDAR in Canada (available at www.sedar.com)
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