GGG:CC - G6 Materials Enters Technology License Agreement
(TheNewswire)
Ronkonkoma, New York, USA - The Newswire – February 28,2024 - G6 Materials Corp. (“G6” or the “Company”)(TSXV:GGG ) , ( OTC:GPHBF), a high-tech company with expertise in advanced materials anddeveloping 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 ") fromGraphene Corp. (the " Licensor ") in respect of intellectualproperty rights associated with graphene coating technology (the" SubjectTechnology "). This strategic movereinforces G6's commitment to pushing the boundaries of advancedmaterials and fortifying its position as an industry pioneer. Asresearch and development in graphene technology continue, thepotential applications and benefits of graphene coatings are likely toexpand, offering innovative solutions across diverse industries. TheLicense encompasses a suite of proprietary technologies, patents, andtrade secrets that will enable the Company to enhance its productofferings, drive innovation, and meet the evolving needs of ourcustomers. The acquisition of this License aligns seamlessly with G6'svision to deliver cutting-edge solutions that push the limits ofperformance, sustainability and offers innovative solutions acrossdiverse industries. The License for the Subject Technology is for aperiod 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 inthe capital of the Company (the “ Shares ”) at adeemed price of $0.09 per Share. No finder’s fees will be paid onthe Agreement.
Under the terms of the Agreement, G6 will issue a totalof 3,333,333 Shares to the Licensor, each valued at $0.09 withinthirty days after receipt of TSX Venture Exchange (the “ TSX-V Exchange ”)approval. The Company intends to utilize Section 2.12 of the NationalInstrument – Prospectus Exemptions, also referred to as the assetacquisition prospectus exemption, for the issuance of the Shares.These Shares will be subject to a statutory hold period of four monthsand one day, starting from the date of issuance of the Shares. Thecompletion of this Transaction is contingent upon the approval of theTSX-V Exchange. Upon the payment of the Shares to the Licensor asconsideration for the License, the Licensor will own an aggregate of3,333,333 common shares of the Company or approximately 16.92 % of the issued and outstandingcommon shares of the Company.
The Technology
The licensed graphene coating technology offerssuperior performance characteristics that will elevate G6's productportfolio and will be seamlessly integrated into G6's research anddevelopment initiatives, providing a solid foundation for futureadvancements in coatings technology.
Graphene coatings offer a myriad of benefits acrossvarious industries, making them a highly sought-after material. Theirexceptional strength, flexibility, and conductivity make them idealfor applications in electronics, aerospace, automotive, and defense.Graphene coatings significantly enhance the durability and performanceof products, leading to longer lifespans and reduced maintenancecosts. Additionally, their thermal and electrical conductivityproperties enable more efficient energy transfer and storage,contributing to improved energy efficiency and reduced environmentalimpact. Overall, the adoption of graphene coatings can lead toenhanced product quality, increased operational efficiency, andultimately, greater customer engagement.
Guy Bourgeois, CEO of G6 commented, "G6 Materialsis thrilled to announce the acquisition of the license for thiscutting-edge graphene coating technology. This strategic decisionunderscores our commitment to revenue growth outlined in our corporateplan and positions us at the forefront of the rapidly evolvingmaterials industry. We are excited about the possibilities thisacquisition unlocks and the value it brings to our customers andshareholders."
About G6 Materials Corp.
G6 Materials Corp. is a high-tech company withexpertise in advanced materials that creates value developinginnovative composites for a wide range of industrial uses. GrapheneLaboratories Inc., a wholly owned subsidiary of G6, sells a range ofgraphene-based products and other materials, including but not limitedto conductive epoxies, high-performance composites, and R&Dmaterials, with numerous customers from among the Fortune 500 list ofcompanies, as well as NASA and leading universities. GrapheneLaboratories Inc. has entered the global air filtration market withBreathe + , a line of medical-grade HEPA air filtration productsenhanced with advanced performance graphene material.
G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprising seven granted patents. TheCompany’s management team and employees have a deep understanding ofgraphene technology based on decades of aggregate academic andcommercial experience. Graphene Laboratories Inc. has established itspremium research laboratory and scalable production facility equippedwith advanced analytical and material processing equipment.
The Company’s e-commerce websites are listedbelow:
? R&D Materials& Conductive Epoxies: currently offers over 100 graphene andrelated products available at www.graphene-supermarket.com
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Breathe : Medical-grade HEPA airfiltration enhanced with advanced performance graphene material, formore information, visit www.breatheplus.tech
Forward-Looking Information
This news release contains forward-looking statementswithin the meaning of the applicable securities legislation that isbased on expectations, estimates and projections as at the date ofthis news release. By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. “Forward-looking information” in thisnews release includes but is not limited to information about thegraphene-enhanced air purifier (including efficacy, potentialcommercialization and patent pending thereof); information about thepotential for the Company’s long-term growth; the business goals andobjectives of the Company, and other forward-looking informationconcerning the intentions, plans and future actions of the parties tothe transactions described herein and the terms thereon.
The forward-looking information in this news releasereflects the current expectations, assumptions and/or beliefs of theCompany based on information currently available to the Company.Although the Company believes that the assumptions inherent in theforward-looking information are reasonable, forward-lookinginformation is not a guarantee of future performance and accordinglyundue reliance should not be put on such information due to theinherent uncertainty therein.
Risk factors that could cause actual results to differmaterially include, but are not limited to, the actual results incommercial applications of the Company’s graphene-enhanced airpurifier may differ significantly from its test results; health andenvironmental factors affecting the adoption of the Company’sgraphene-based technologies or other products; the Company may fail toobtain appropriate government approvals or accreditation related tothe business’ operations and technological processes; the marketconditions and demand for its product as well as the market prices ofsuch products being developed by the Company may change over time;reliance on key personnel; the potential for conflicts of interestamong certain officers, directors or promoters with certain otherprojects; competition; dilution; and the volatility of our commonshare price and volume.
The Company undertakes no obligation to revise orupdate any forward-looking information other than as required by law.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Corporate Inquiries
Guy Bourgeois, President & Chief ExecutiveOfficer
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., pleasevisit www.G6-Materials.com or its profile page on SEDAR+ at www.sedarplus.ca .
SOURCE: G6 Materials Corp.
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