RE:RE:News: Graphene 3D Labs Acquires Boots Industriesfrom SEDAR
December 9, 2014 -- New York, NY -- Graphene 3D Lab Inc. (TSX-V: GGG, OTCQB: GPHBF)
(“Graphene 3D, GGG”) is pleased to announce that it has signed a Letter of Intent (LOI) to acquire Boots
Industries Inc., (“Boots Industries”), a Canadian 3D printer manufacturer. The LOI highlights include
Graphene 3D’s intention to purchase all Boots Industries assets and to hire the team of Boots Industries in
an all share transaction capped at $500,000 CA. Graphene 3D and Boots Industries’ team plan to create a
proprietary 3D printer with the capability of printing functional and electronic devices and optimized to
maximize performance of Graphene 3D functional printing materials.
Founded in 2012 in Quebec City, Boots Industries is a key player in the Canadian 3D printing market.
Boots’ BI V2.0, a large-volume, fully featured 3D printer was positively received, with several hundred
orders placed. Boots Industries has since made further innovations with its latest model, the BI V2.5.
Daniel Stolyarov, CEO of Graphene 3D commented, “The goal of Graphene 3D is to introduce a 3D
printing ecosystem, including a 3D printer and functional materials, capable of printing operational and
electronic devices.” He continued, “The team at Boots Industries have been successful to date in the
development and sale of high-quality 3D printers, and we have the utmost confidence in their team’s
capabilities to develop a multi-material printer optimized for Graphene 3D materials.”
“We are enthusiastic about the opportunity to develop a 3D printer capable of printing operational devices
with functional materials. The entire Boots Industries team is looking forward to working within the
Graphene 3D team on the next revolution in 3D printing.” said Jean Le Bouthillier, CEO of Boots
Industries.
The LOI is exclusive and non-binding prior to the execution of a definitive agreement. Neither party may
solicit similar transactions for the duration until closing of the transaction or for a period of 30 days in the
event that the LOI is terminated prior to the closing. The LOI calls for an all share deal, capped at a
valuation issuance of $500,000 CA common shares. The LOI anticipates the Boots Industries’
development staff joining Graphene Lab’s R&D team. It is anticipated the definitive agreement will be
concluded in the first quarter of 2015 and will be subject to exchange and board approval.