Graphene 3D Lab and Toner Plastics Announce Collaboration for Product Manufacturing
- On August 3, 2016
Calverton, NY / TheNewswire / August 3, 2016 – Graphene 3D Lab Inc. (TSXV: GGG, OTCQB: GPHBF) (“Graphene 3D” or the “Company”) and Toner Plastics Inc. (“Toner Plastics”) are pleased to announce the signing of a Memorandum of Understanding (MoU) which will call for joint research, development, and production of specialty 3D printing filaments. As subject to the final agreement, Graphene 3D will develop formulations for the specialty filaments while conducting tests and quality control measurements. The Company will also provide its extensive knowledge in marketing the specialty 3D printing filaments. Toner Plastics will be involved in the manufacturing and packaging of the specialty 3D printing filaments. These products will be distributed by both companies including the e-commerce web store, www.blackmagic3D.com, operated by Graphene 3D. According to the terms of the MoU, Graphene 3D is entitled to a royalty payment for filaments manufactured using the formulations developed by the Company.
Graphene 3D co-CEO Dr. Daniel Stolyarov commented on the agreement saying, “I hold great enthusiasm towards the potential opportunities that can arise from our strategic partnership with Toner Plastics. We believe that this cooperation will help us meet an increasing demand for specialty FDM filaments by utilizing the Toner Plastics’ production capacity and hence allow us to focus on developing new formulations.”
“By working with Graphene 3D Lab we look forward to expanding and diversifying our offerings of FDM filaments,” added Jack Warren, COO of Toner Plastics. “As a market leader in FDM filaments, Toner Plastics is confident that our filament production capability coupled with the broad expertise of Graphene 3D Lab will facilitate accelerated new product introductions that offer the 3D printing community new and exciting materials useful for highly technical applications.”
About Toner Plastics
Toner Plastics is part of an integrated group of 4 plastics manufacturing companies owned by Mr. Steven Graham with its headquarters in East Longmeadow, MA. Its sister companies include S&E Specialty Polymers, The Beadery, and Modern Mold & Tool. Some of the group’s noteworthy customers include Walmart, 3M, LL Bean, Covidien, Honeywell and Saint Gobain. The company’s capabilities include extrusion, tool making, injection molding, compounding, and many other specialties within the scope of plastics manufacturing.
Specific to the 3D printing industry, Toner Plastics plays a key role as a supplier to many of the leading printer companies and filament resellers. Focused on helping its customers to make their products in America, the company prides itself on superior quality, exceptional customer service, and an integrated manufacturing capability that makes for the ideal “one stop shop” for plastics manufacturing.
About Graphene 3D Lab, Inc.
Graphene 3D Lab, Inc. 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 comprised of more than 11,000 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. The Company’s suite of products are available online at the company’s e-commerce platform Graphene Supermarket (www.graphene-supermarket.com).
The 3D printing division of the Company offers a portfolio of specialty fused filament fabrication filaments. These materials can be purchased through multiple distribution networks worldwide or directly online at www.blackmagic3D.com. Graphene 3D also holds a new proprietary technology encompassing the preparation and separation of atomic layers of graphene. This technological breakthrough represents a new, energy efficient process to manufacture, sort and classify graphene nanoparticles resulting in the potential for large scale production of high grade graphene at lower costs than exist in today’s marketplace.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has six US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
ON BEHALF OF THE BOARD
Daniel Stolyarov,
President & Co-CEO
For More Information:
Commercial Inquiries: Daniel Stolyarov Co-Chief Executive Officer Telephone: (631) 405-5116 Email: daniel.stolyarov@graphene3Dlab.com | Investor Inquiries: Keith Lehn Investor Relations Coordinator Telephone (631) 405-5114 Email: investors@graphene3Dlab.com |
FORWARD LOOKING INFORMATION
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING INFORMATION” WITHIN THE MEANING OF APPLICABLE SECURITIES LAWS. FORWARD-LOOKING INFORMATION IN THIS NEWS RELEASE INCLUDES STATEMENTS ABOUT COLLABORATION AND MATERIAL SALES BETWEEN GRAPHENE 3D LAB AND TONER PLATICS.
IN CONNECTION WITH THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE, THE COMPANY HAS MADE NUMEROUS ASSUMPTIONS, REGARDING, AMONG OTHER THINGS, SALES TO BE MADE BY TONER PLASTICS AND GRAPHENE 3D MATERIALS AND COLLABORATION TO TAKE PLACE BETWEEN GRAPHENE 3D AND TONER PLASTICS. WHILE THE COMPANY CONSIDERS THESE ASSUMPTIONS TO BE REASONABLE, THESE ASSUMPTIONS ARE INHERENTLY SUBJECT TO SIGNIFICANT UNCERTAINTIES AND CONTINGENCIES.
ADDITIONALLY, THERE ARE KNOWN AND UNKNOWN RISK FACTORS WHICH COULD CAUSE THE COMPANY’S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. KNOWN RISK FACTORS INCLUDE, AMONG OTHERS: INCOMPATIBILITY OF THE TECHNOLOGIES OWNED BY GRAPHENE 3D AND TONER PLASTICS; EITHER PARTY, FOR ANY REASON, CHOOSING NOT TO MOVE FORWARD IN JOINT COLLABORATION OR SALES OF MATERIALS.
A MORE COMPLETE DISCUSSION OF THE RISKS AND UNCERTAINTIES FACING THE COMPANY IS DISCLOSED IN THE COMPANY’S CONTINUOUS DISCLOSURE FILINGS WITH CANADIAN SECURITIES REGULATORY AUTHORITIES AT WWW.SEDAR.COM. ALL FORWARD-LOOKING INFORMATION HEREIN IS QUALIFIED IN ITS ENTIRETY BY THIS CAUTIONARY STATEMENT, AND THE COMPANY DISCLAIMS ANY OBLIGATION TO REVISE OR UPDATE ANY SUCH FORWARD-LOOKING INFORMATION OR TO PUBLICLY ANNOUNCE THE RESULT OF ANY REVISIONS TO ANY OF THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN TO REFLECT FUTURE RESULTS, EVENTS OR DEVELOPMENTS, EXCEPT AS REQUIRED BY LAW.
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.
Copyright (c) 2016 TheNewswire – All rights reserved.
Read more at http://www.stockhouse.com/news/press-releases/2016/08/03/graphene-3d-lab-and-toner-plastics-announce-collaboration-for-product#5ifSRKHgMFtMrSKE.99
