G6 Materials Commences Use of New Graphene Oxide Reactor
The New Pilot-Scale Reactor Expands the Company’s Graphene Oxide Production Capacity Five-Fold
Ronkonkoma, New York, USA – TheNewswire – November 29, 2021 – G6 Materials Corp. (“G6” or the “Company”) (TSXV: GGG, OTCQB: GPHBF),
a leading technology company developing innovative graphene-based solutions, is pleased to announce that it has successfully installed and commenced the use of a new pilot-scale graphene oxide reactor (the “New Reactor”) at its facility in Ronkonkoma, New York. The New Reactor significantly increases the Company’s graphene oxide production capacity five-fold. The first batch of graphene oxide from the New Reactor was produced on Friday, November 26, 2021, which is a significant achievement for G6.
The Company expects the graphene oxide produced to be used in the manufacturing of G6’s products, including but not limited to air purifiers and graphene-enhanced resins and composites. Additionally, the graphene oxide produced by the New Reactor will be used for internal research projects with the goal of developing more proprietary intellectual property and adding to the Company’s robust portfolio of granted patents and patent applications.
“The installation and commencement of the New Reactor is a strategic milestone for G6 as it takes our productive capacity of graphene oxide to the next level. It helps to reduce the cost of production for graphene oxide, which opens commercial opportunities through finding new commercial applications and customers,” said Daniel Stolyarov, President & CEO of G6 Materials Corp. “This is an important milestone on the way to expanding our production of graphene oxide and establishing an industrial-scale plant. This is a core part of our business plan and we are strongly focused on reaching that goal,” added Mr. Stolyarov.
About G6 Materials Corp.
G6 Materials Corp. is a technology company creating value through the development of innovative graphene-based solutions. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including but not limited to conductive epoxies, high-performance composites, and R&D materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories Inc. is developing other innovative products including graphene-enhanced air purifiers and it plans to enter the global filtration market once all testing is complete and applicable government approvals are received.
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprised of five granted patents. The Company’s management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories Inc., a wholly owned subsidiary of G6 located in Ronkonkoma, New York, has established its premium research laboratory and scalable production facility is equipped with advanced analytical and material processing equipment.
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This news release contains forward-looking statements within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause 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. “Forward-looking information” in this news release includes but is not limited to information about the graphene-enhanced air purifier (including efficacy and potential commercialization thereof); information about the potential for the Company’s long-term growth; the business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Risk factors that could cause actual results to differ materially include, but are not limited to, the risk that actual results in commercial applications of the graphene-enhanced air purifier may differ significantly from the Test Results; the Test Results may not be accepted by applicable regulatory agencies required to approve commercialization of the graphene-enhanced air purifier; the Company may not receive required approvals from regulatory agencies to commercialize the graphene-enhanced air purifier; the Company may not achieve further stages of commercialization of the graphene-enhanced air purifier as anticipated, or at all; risks associated with adoption by industries of graphene-based products health and environmental factors affecting adoption of these technologies; the company may fail to obtain appropriate government approvals or accreditation related to the business’ operations and technological processes; the results of the tests being performed by an independent laboratory may be unsatisfactory and prevent the company from receiving government approvals and accreditations; the market conditions and demand for its product as well as the market prices of such products being developed by the company may change over time; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; and the volatility of our common share price and volume.
The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.