(TheNewswire)
Ronkonkoma, New York, USA - TheNewswire – February 28, 2024 - G6 Materials Corp. (“G6” or the “Company”) (TSXV:GGG), (OTC:GPHBF), a high-tech company with expertise in advanced materials and developing innovative composites for a wide range of industrial uses, is pleased to announce that it recently entered into an agreement (the "Agreement") to acquire a license (the "License") from Graphene Corp. (the "Licensor") in respect of intellectual property rights associated with graphene coating technology (the "Subject 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 License 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 our customers. The acquisition of this License 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 License for the Subject Technology is for a period of up to February 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 (the “Shares”) at a deemed price of $0.09 per Share. No finder’s 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 $0.09 within thirty days after receipt of TSX Venture Exchange (the “TSX-V 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-V Exchange. Upon the payment of the Shares to the Licensor as consideration for the License, the Licensor will own an aggregate of 3,333,333 common shares of the Company or approximately 16.92% 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 defense. Graphene coatings significantly enhance the durability and performance of products, leading to longer lifespans 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. Overall, the adoption of graphene coatings can lead to enhanced product quality, increased operational efficiency, and ultimately, greater customer engagement.
Guy Bourgeois, CEO of G6 commented, "G6 Materials is thrilled to announce the acquisition of the license 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 Corp. 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 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.
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprising seven 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. has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.
The Company’s e-commerce websites are listed below:
● R&D Materials & Conductive Epoxies: currently offers over 100 graphene and related products available at www.graphene-supermarket.com
Forward-Looking Information
This news release contains forward-looking statements within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. “Forward-looking information” in this news release includes but is not limited to information about the graphene-enhanced air purifier (including efficacy, potential commercialization and patent pending thereof); information about the potential for the Company’s long-term growth; the business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Risk factors that could cause actual results to differ materially include, but are not limited to, the actual results in commercial applications of the Company’s graphene-enhanced air purifier may differ significantly from its test results; health and environmental factors affecting the adoption of the Company’s graphene-based technologies or other products; the Company may fail to obtain appropriate government approvals or accreditation related to the business’ operations and technological processes; the market conditions and demand for its product as well as the market prices of such products being developed by the Company may change over time; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; and the volatility of our common share price and volume.
The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Corporate Inquiries
Guy Bourgeois, President & Chief Executive Officer
Telephone: (516) 382-8649
Email: gbourgeois@g6-materials.com
Commercial Inquiries
Email: info@g6-materials.com
Investor Inquiries
Telephone: 1-(866)-324-4244
Email: investors@g6-materials.com
ON BEHALF OF THE BOARD: Gary Dyal, Chairman
For more information on G6 Materials Corp., please visit www.G6-Materials.com or its profile page on SEDAR+ at www.sedarplus.ca.
SOURCE: G6 Materials Corp.
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