G6 Materials Announces Testing Services Agreement with the U.S. Army Engineer Research & Development Center
The Company will Assess the Ability of Graphene Oxide Materials to Solve Environmental Challenges through the Adsorptive Removal of Contaminants
Ronkonkoma, New York, USA – TheNewswire – January 17, 2022 – 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 its wholly owned subsidiary, Graphene Laboratories, Inc. (“GLI” or the “Subsidiary”), has entered into a Testing Services Agreement (the “TSA”) with the U.S. Army Engineer Research & Development Center (the “U.S. Army ERDC”) in Vicksburg, Mississippi.
- GLI will be assessing the performance characteristics and quality of graphene oxide (“GO”) materials in order to help solve environmental challenges
- Development of GO materials with superior adsorptive capabilities for the removal of complex contaminants
- 10 specific tests to be conducted by the U.S. Army ERDC on GLI’s GO materials;
- Expected time frame of one year
“Entering into this TSA with the U.S. Army ERDC is exciting and an important milestone for G6. The formalization of this new and strategic relationship with the U.S. Army is the direct result of our acquisition of GX Technologies earlier in 2021. Our team looks forward to starting this project, applying our graphene-related expertise, and assessing the results along with the U.S. Army ERDC,” said Daniel Stolyarov, President & CEO of G6 Materials Corp. “I would like to thank the personnel in Vicksburg, Mississippi for their professionalism thus far, as well as their keen level of interest in working with GLI. Our expectation is that this TSA is only the beginning of a long and mutually beneficial relationship with the U.S. Army ERDC,” added Mr. Stolyarov.
GLI intends to develop graphene oxide materials that have superior adsorptive capabilities for the removal of complex contaminants, which are of great interest to the U.S. Army ERDC as proposed by their research team. The Subsidiary expects to focus on three formulations that will differ largely in their degree of oxidation. Subsequently, the U.S. Army ERDC will evaluate the new GO materials developed by GLI under the terms and conditions of the TSA. The U.S. Army ERDC will then provide data packages to GLI as its assessments of batches of the GO materials are completed. Subject to mutual agreeable modifications to the statement of work within the TSA, GLI’s costs to complete the project shall be paid by the U.S. Army ERDC on a quarterly basis, in advance. Subject to the terms and conditions of the TSA, GLI is entitled to retain all the intellectual property rights developed over course of the project.
About the U.S. Army ERDC
The U.S. Army ERDC is one of the premier engineering and scientific research organizations in the world. As the research organization of the U.S. Army Corps of Engineers, ERDC conducts research and development in support of the soldier, military installations, and civil works projects, as well as for other U.S. federal agencies, state and municipal authorities, and with U.S. industry through innovative work agreements. The U.S. Army ERDC is an integral component of the Office of the Assistant Secretary of Defense for Research and Engineering.
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.
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