19:52:37 EDT Mon 29 Apr 2024
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or Name
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G6 Materials Corp (2)
Symbol GGG
Shares Issued 16,367,919
Close 2024-02-28 C$ 0.085
Market Cap C$ 1,391,273
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G6 Materials to acquire graphene coating licence

2024-02-28 11:59 ET - News Release

Mr. Guy Bourgeois reports

G6 MATERIALS ENTERS TECHNOLOGY LICENSE AGREEMENT

G6 Materials Corp. has entered into an agreement to acquire a licence from Graphene Corp. in respect of intellectual property rights associated with graphene coating technology. This strategic move reinforces G6's commitment to pushing the boundaries of advanced materials and fortifying its position as an industry pioneer. As research and development in graphene technology continue, the potential applications and benefits of graphene coatings are likely to expand, offering innovative solutions across diverse industries. The licence encompasses a suite of proprietary technologies, patents and trade secrets that will enable the company to enhance its product offerings, drive innovation and meet the evolving needs of its customers. The acquisition of this licence aligns seamlessly with G6's vision to deliver cutting-edge solutions that push the limits of performance, sustainability and offers innovative solutions across diverse industries. The licence for the subject technology is for a period of up to Feb. 1, 2026, and is non-exclusive, non-sublicensable and non-transferable.

The one-time license fee of $300,000 is payable through the issuance of common shares in the capital of the company at a deemed price of nine cents per share. No finders' fees will be paid on the agreement.

Under the terms of the agreement, G6 will issue a total of 3,333,333 shares to the licensor, each valued at nine cents within 30 days after receipt of TSX Venture Exchange approval. The company intends to utilize Section 2.12 of the National Instrument (Prospectus Exemptions), also referred to as the asset acquisition prospectus exemption, for the issuance of the shares. These shares will be subject to a statutory hold period of four months and one day, starting from the date of issuance of the shares. The completion of this transaction is contingent upon the approval of the TSX Venture Exchange. Upon the payment of the shares to the licensor as consideration for the licence, the licensor will own an aggregate of 3,333,333 common shares of the company or approximately 16.92 per cent of the issued and outstanding common shares of the company.

The technology

The licensed graphene coating technology offers superior performance characteristics that will elevate G6's product portfolio and will be seamlessly integrated into G6's research and development initiatives, providing a solid foundation for future advancements in coatings technology.

Graphene coatings offer a myriad of benefits across various industries, making them a highly sought-after material. Their exceptional strength, flexibility and conductivity make them ideal for applications in electronics, aerospace, automotive and defence. Graphene coatings significantly enhance the durability and performance of products, leading to longer life spans and reduced maintenance costs. Additionally, their thermal and electrical conductivity properties enable more efficient energy transfer and storage, contributing to improved energy efficiency and reduced environmental impact. Over all, the adoption of graphene coatings can lead to enhanced product quality, increased operational efficiency and, ultimately, greater customer engagement.

Guy Bourgeois, chief executive officer of G6, commented: "G6 Materials is thrilled to announce the acquisition of the licence for this cutting-edge graphene coating technology. This strategic decision underscores our commitment to revenue growth outlined in our corporate plan and positions us at the forefront of the rapidly evolving materials industry. We are excited about the possibilities this acquisition unlocks and the value it brings to our customers and shareholders."

About G6 Materials Corp.

G6 Materials is a high-tech company with expertise in advanced materials that creates value developing innovative composites for a wide range of industrial uses. 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 (research and development) materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories Inc. has entered the global air filtration market with Breathe+ , a line of medical-grade HEPA air filtration products enhanced with advanced performance graphene material.

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