G6 Materials Opens a New Base of Operations in California
(TheNewswire)
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The new location will be a distribution center for the Company’s products
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The Company has also engaged the services of a California-based third-party logistics provider to increase its distribution capacity
Ronkonkoma, New York, USA - TheNewswire – December 1, 2021 - G6 Materials Corp. (“G6” or the “Company”) (TSXV:GGG)(OTC:GPHBF), a leading technology company developing innovative graphene-based solutions, is pleased to announce that its wholly owned subsidiary, Graphene Laboratories, Inc. (“GLI”), is opening new location in Cerritos, California. The new location is a 3,895 square foot office and warehouse facility located at 16220 Manning Way in Cerritos, California (the “California Facility”).
Management’s plan is to use the California Facility for inventory management, distribution, sales, and marketing, while the 8,000 square foot New York facility will be used for expanded graphene oxide production, chemicals manufacturing, materials processing and research and development. The California Facility is also expected to enable an improved set of import capabilities for the Company for any raw materials or product components arriving from Asia. The expansion of business operations to California is significant as it will position the Company with facilities on both the east and west coasts of North America, in the heart of the major population centers of the Tri-State Area and California, respectively.
The California Facility is strategically located approximately 20 miles from the major ports of Los Angeles and Long Beach, and within 25 miles of three airports including Los Angeles International Airport, John Wayne Airport and Long Beach-Dougherty Field Airport. It is also situated near the large distribution hub of a major e-commerce retailer of G6’s products. The California Facility represents a beachhead for the Company on the west coast of the United States as G6 endeavours to grow its overall wholesale distribution network and strengthen its sales and marketing efforts.
The lease on the California Facility commences on January 14, 2022, and is favourable to GLI with an initial term of one year and a renewable term that converts to a flexible month-to-month basis at the expiry of the initial term. The Company expects to embark on hiring program to staff both of the New York and California Facilities in the near future. Due to the rapid expected business growth, management expects further infrastructure expansion after the expiry of the lease term.
Additionally, GLI has engaged the services of a leading third-party logistics (“3PL”) provider, also located in Greater Los Angeles Area, to increase its order fulfilment capabilities, expand operational capacity, and maximize customer satisfaction. The 3PL company is expected to streamline GLI’s supply chain through its comprehensive suite of warehousing, distribution, fulfillment, and e-commerce services, which will position G6 to be able to handle a significant increase in order volume for its graphene-enhanced solutions and other products.
Management Commentary
“Establishing an office and warehouse facility in southern California is an exciting and important step in G6’s growth. Having facilities on both coasts is very strategic for the Company, while being located near the distribution hub of our largest e-commerce partner is also critical to our supply chain and overall success,” said Daniel Stolyarov, President & CEO of G6 Materials Corp. “Leasing the California Facility is yet another significant advancement for the Company lately, and I am grateful to the GLI team for identifying and securing it on favourable terms. I am optimistic that 2022 will be G6’s strongest yet, as our employees, advisors, commercial relationships, product pipeline and IP portfolio all continue to improve and shape the Company for the better,” added Mr. Stolyarov.
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.