December 14, 2017 / Calverton, NY - Graphene 3D Lab Inc. (TSXV:
GGG, OTCQB:
GPHBF) ("Graphene 3D" or the "Company") is pleased to announce
that a grant of $500,000, awarded to the Graphene Laboratories Inc, a
wholly owned subsidiary of the Company, by Long Island Regional Economic
Development Council ("LIREDC") to help financing the renovation of the
company's new facility at Ronkonkoma, has been supported by the State of
New York. The grant will also finance the acquisition of new equipment for
the facility.
Early this year, the company was included in the strategic plan for
economic development growth within the region prepared by LIREDC, titled
"A Region in Motion". In this document, LIREDC named relocation and
expansion of production capacity of Graphene Laboratories Inc. as one of
the priority projects recommended to receive financial support from the
State of New York. This strategic plan was supported by New York State as
confirmed in an announcement by Governor Andrew M. Cuomo during an Award
Ceremony that was held in the city of Albany on December 13, 2017. The
Long Island Region was identified as a Top Performer. and New York State
awarded the Long Island Region $83.3M to fund the projects listed in the
plan recommended by the LREDC. The Grant received by the Company is a part
of this award.
When announcing the award, Governor Cuomo said: "These awards are critical
to building the foundations for New York's future and ensuring that our
economic momentum continues. I congratulate each of the Councils on their
awards and look forward to continuing to partner to keep our communities
vibrant and thriving for years to come."
Additional information on the award could be found on the web site of the
Governor office: https://www.ny.gov/sites/ny.gov/files/atoms/files/2017AwardsREDCRound7Bookletdjunys.pdf.
The project or relocation and business expansion project is listed under
the CFA# 72614 on the page 135
The additional information about the LIREDC's strategic development plan
for economic growth, "A Region in Motion" could be found on LIREDC's web
site: https://regionalcouncils.ny.gov/sites/default/files/regions/longisland/LIREDC2017StrategicPlanfnl.pdf
The company is listed on the pages 40, 73 and 84
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 10,000
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:
Ranjini Chakravorty
Investor Relations Coordinator
Telephone (631) 405-5114
Email: investors@graphene3Dlab.com
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