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Graphene 3D Lab Inc
Symbol GGG
Shares Issued 73,451,814
Close 2019-02-20 C$ 0.075
Market Cap C$ 5,508,886
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Graphene 3D subsidiary completes tech transfer deal

2019-02-21 09:23 ET - News Release

Mr. Daniel Stolyarov reports

GRAPHENE 3D LAB FINALIZES TECHNOLOGY TRANSFER AGREEMENT AND RECEIVES ADDITIONAL ROYALTY PAYMENT

Graphene 3D Lab Inc.'s technology transfer agreement has successfully completed between Graphene Laboratories Inc., a wholly owned subsidiary of Graphene 3D Lab, and a multinational manufacturer that produces advanced materials including: pharmaceutical, packaging, household and several industrial materials (see press release published on March 28, 2018). Graphene Laboratories has received an additional royalty payment in the amount of $60,000 (U.S.), as per the final agreement commitments for this production campaign.

Graphene Laboratories' partner, with the help of the company's research team, successfully completed the manufacturing campaign of the advanced material at one of its European facilities utilizing Graphene Laboratories' technology. During the production campaign, Graphene Laboratories 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 Graphene Laboratories' technology would be a valuable component of the overall manufacturing process. Graphene Laboratories retains ownership of its intellectual property rights and the successful completion of this agreement marks another key step toward further monetization and revenue generation from Graphene Laboratories' 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 is a world leader in the development, manufacturing and marketing of proprietary composites and coatings based on graphene and other advanced 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 comprising more than 14,000 customers worldwide, including nearly every Fortune 500 technology company and major research university.

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