TSX-V: GGG, OTCQB: GPHBF
NEW YORK, Nov. 23, 2015 /CNW/ - Graphene 3D Lab Inc.
(TSXV: GGG) ("Graphene 3D" or the "Company") is
pleased to announce the release of a new commercial product
'Graphene Flex Foam', a Multilayer Freestanding Flexible Graphene
Foam. This material is a combination of highly conductive
three-dimensional Chemical Vapor Disposition ("CVD") ultra-light
graphene foam and conductive elastomer composite.
"We have the ability to manufacture Graphene Flex Foam in
basically any shape or size, but it is the flexibility of the
product which we believe will capture the attention of innovative
manufacturers who will want to evaluate the potential of
commercializing this material into their products." stated
Elena Polyakova, Co-CEO of Graphene
3D. "Any company interested in a freestanding, stable,
ultralight, highly conductive material that can flex with their
product and fit into any space, will be interested in this
innovation."
This revolutionary product preserves all the remarkable
properties of graphene foam such as superior electrical, with an
added remarkable flexibility and ease of handling in an extremely
lightweight and highly porous architecture.
"Graphene Flex Foam is an excellent substrate candidate in the
manufacture of electrodes of lithium-ion batteries." said
Daniel Stolyarov, Co-CEO of Graphene
3D. "Wearable electronics is an obvious application as the
electronics, sensors and conductive properties will all need to be
flexible with the wearable material. "We also believe that
this innovative product has a bright future for the next generation
of flexible batteries and supercapacitors. Graphene Flex Foam
offers energy storage as well as catalyst support in numerous
organic synthesis reactions, gas sensors, flexible and ultrasonic
acoustic device fabrication."
The product will be available through Graphene Supermarket®, an
e-commerce site operated by Graphene Laboratories. Graphene 3D
is currently acquiring Graphene Laboratories as a wholly-owned
subsidiary (see new release dated August 24,
2015).
https://drive.google.com/folderview?id=0BxdahyLQoj7mTG9HMzdWcDFKWVk&usp=sharing
About Graphene 3D
Graphene 3D is BC company whose common shares are listed on the
TSX Venture Exchange, which now owns all of the issued and
outstanding shares of Graphene US, a private Delaware corporation, organized on
September 3, 2013. Graphene US
is in the business of developing, manufacturing, and marketing
proprietary polymer nanocomposite graphene-based materials for
various types of 3D printing, including fused filament fabrication
as well as the design, manufacture and marketing of
three-dimensional printers and products for worldwide customers,
including in the aerospace and automotive industries, manufacturers
of medical prosthetics and the military. Graphene US
currently has five US patent applications pending for its
technology. For more information on Graphene 3D Lab, Inc, visit
www.graphene3dlab.com
About Graphene Laboratories
Graphene Laboratories Inc. ("GLI") is incorporated under the
laws of the Commonwealth of Massachusetts, and is controlled and managed
by Daniel Stolyarov and Elena Polyakova, insiders of Graphene 3D. GLI.,
a leader in manufacturing and retailing of graphene and advanced
materials owns the Graphene Supermarket®,
www.graphene-supermarket.com, a leading supplier of such products
to customers around the globe. Graphene Laboratories client
list is comprised of more than 8,000 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. . For the last fiscal year ending
December, 2014, GLI recorded annual revenues of in excess of USD
$1,000,000 and was cash flow
positive. Moreover, GLI has no material debt, and only trade
creditors.
According to prior announcement dated August 12, 2015, the Graphene 3D has entered in
non-arm length share exchange agreement (the "SEA") to acquire all
issued and outstanding shares of Graphene Laboratories The terms of
the Share Exchange are subject to confirmation by a fairness
opinion prepared by an independent business valuator, an audit of
GLI's financial statements, the approval of the independent
directors of the Company, and the acceptance for filing by the TSX
Venture Exchange. Prior completion of the transaction, the
financial record of GLI does not appear in published filing
statements of Graphene 3D.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and
information that are based on the beliefs of management and reflect
the Company's current expectations. When used in this press
release, the words "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information. The forward-looking statements and information
in this press release includes information relating to the
Transaction (including the anticipated date which the Company's
common shares will commence trading on the Exchange). Such
statements and information reflect the current view of the Company
with respect to risks and uncertainties that may cause actual
results to differ materially from those contemplated in those
forward-looking statements and information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among
others, the following risks: risks associated with the completion
of the Transaction and matters relating thereto; and risks
associated with the marketing and sale of securities, the need for
additional financing, reliance on key personnel, the potential for
conflicts of interest among certain officers or directors with
certain other projects, and the volatility of the Company's common
share price and volume. Forward-looking statements are made
based on management's beliefs, estimates and opinions on the date
that statements are made and the Company undertakes no obligation
to update forward-looking statements if these beliefs, estimates
and opinions or other circumstances should change. Investors
are cautioned against attributing undue certainty to
forward-looking statements.
There are a number of important factors that could cause the
Company's actual results to differ materially from those indicated
or implied by forward-looking statements and information.
Such factors include, among others, risks related to Graphene 3D's
proposed business such as failure of the business strategy, stable
supply prices, demand and market prices for 3D printing products,
and government regulation; risks related to Graphene 3D's
operations, such as additional financing requirements and access to
capital, reliance on key and qualified personnel, insurance,
competition, intellectual property and reliable supply chains;
risks related to Graphene 3D and its business generally such as
potential exposure to tax under Canadian and US income tax laws,
laws and regulations relating to cross-border mergers and
acquisitions, infringement of intellectual property rights, product
liability, environmental protection, currency exchange rates and
conflicts of interest.
The Company cautions that the foregoing list of material factors
is not exhaustive. When relying on the Company's
forward-looking statements and information to make decisions,
investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. The
Company has assumed a certain progression, which may not be
realized. It has also assumed that the material factors
referred to in the previous paragraph will not cause such
forward-looking statements and information to differ materially
from actual results or events. However, the list of these
factors is not exhaustive and is subject to change and there can be
no assurance that such assumptions will reflect the actual outcome
of such items or factors. While the Company may elect to, it
does not undertake to update this information at any particular
time.
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.
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.
SOURCE Graphene 3D Lab Inc.