GPHBF - G6 Materials Reports 2021 Annual Financial Results

(TheNewswire)

Revenue Grew by 110% for Year EndedMay 31, 2021

Ronkonkoma, New York, USA -TheNewswire - September 29, 2021 - G6 Materials Corp. (“G6” or the“Company”) (TSXV:GGG ) ( OTC:GPHBF), atechnology company creating value through the development ofinnovative graphene-based solutions, is pleased to announce that ithas filed its audited financial results for the fiscal year ending May31, 2021, the highlights of which are included in this news release.The full set of Consolidated Financial Statements and ManagementDiscussion and Analysis can be viewed by visiting G6’s website at www.g6-materials.com or its profilepage on SEDAR at www.sedar.com .

Financial Highlights (all amounts expressed in US dollars unless otherwisenoted)

• - Revenue for the year period ended May 31, 2021reached $1,939,663, a 110% increase from the $922,614 reported for thesame period of the prior year, which was primarily due to thecontinuing strong demand for the Company’s offering of airpurification products and graphene-related consulting servicesprovided to third-party clients with a higher margin.

  - Gross profit for the year ended May 31, 2021 was$517,393, a 156% increase from the $202,245 reported for the sameperiod of the prior year, due to the aforementioned reasons listedabove.

  - Total expenses for the year ended May 31, 2021 were$1,950,509, as compared to $1,240,593 for the same period of the prioryear, primarily due to an increase in professional fees, marketing andinvestor relations and research and development expenses, as well asthe $268,579 of share-based compensation.

  - Comprehensive loss for the year ended May 31, 2021decreased by 6% to $938,601, as compared to a comprehensive loss of$1,002,112 reported for the same period of the prior year, which wasprimarily due to increases in the sales of intellectual propertyconsulting services, air purification products and hygiene products,which was partially offset by increases in professional fees andoffice and administration expenses.

  - Total assets for the year ended May 31, 2021increased by 407% to $5,912,649 from $1,165,686 for the same period ofthe prior year.

Management Commentary

“Our financial results for the 2021 fiscal yearfeature significant highlights that include G6’s strong growth inrevenue, gross profit and total assets. I am proud of our team’saccomplishments and thank them for their hard work to achieve theseresults. G6 is well financed to pursue its goals in the 2022 fiscalyear and I look forward to executing on our near-term targetmilestones,” said Daniel Stolyarov, President & CEO of G6Materials Corp. “The acquisition of GX Technologies and the $5.4million of equity capital that the transaction helped attract to theCompany are also important events to highlight as part of our 2021fiscal year,” added Mr. Stolyarov.

Summary of Key FinancialMeasures

(all amounts expressed in US dollars unless otherwisenoted)

Subsequent Highlighted Events (all amounts expressed in US dollars unless otherwisenoted)

• - Closing of GX TechnologiesAcquisition: On August 4, 2021, the Companyexecuted a definitive purchase agreement (the “Agreement”) toformalize and close the previously announced acquisition (the“Transaction”) of all membership interests of GX Technologies, LLC(“GX Technologies”). Pursuant to the terms of the Agreement, theCompany paid for the membership interests of GX Technologies byissuing 25,000,000 common shares (the “Consideration Shares”) ofG6 at a deemed price of C$0.20 per common share of the Company onAugust 23, 2021.

• - Air Purifier TestResults : On September 7, 2021, the Companyannounced the results of the antimicrobial efficacy test on aprototype of G6’s proprietary graphene-based air purifier (the“Lab Test”) conducted by a US-based microbiological laboratory ofThe Intertek Group plc. The test showed that the concentration ofpathogenic microorganisms present in the testing chamber was reducedby 99.9% over the duration of the experiment. Two different pathogenswere randomly chosen to be tested under each experiment, which werethe E. coli bacteria and the Phi-X174 bacteriophage. The duration ofthe Lab Test was set to two hours.

Outlook

Subsequent to its successful 2021 fiscal year, theCompany is focused on achieving its carefully selected group ofnear-term target milestones. They include the commencement of thepilot-scale reactor for graphene oxide production; the achievement ofISO certification of its New York facility; the expansion of the teamin the sales, business development and research and developmentdepartments; entering into contracts for conductive epoxies; thelaunch of G6’s proprietary air purification devices; and thecontinuation of work with the US Army Corps of Engineers. The successof the 2022 fiscal year is expected to be measured by G6’s board ofdirectors and executive management team based on the achievement ofthese goals.

About G6 Materials Corp.

G6 Materials Corp. is a technology company creatingvalue by developing innovative graphene-based solutions. 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. is developing other innovative products includinggraphene-enhanced air purifiers and it hopes to enter the globalfiltration market once all testing is complete and applicablegovernment approvals are received.

G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprised of five granted patents andsix patent applications filed. The Company’s management team andemployees have a deep understanding of graphene technology based ondecades of aggregate academic and commercial experience. GrapheneLaboratories Inc., a wholly owned subsidiary of G6 located inRonkonkoma, New York, has established its premium research laboratoryand scalable production facility is equipped with advanced analyticaland material processing equipment.

The Company’s e-commerce websites are listedbelow:

• - Conductive Epoxies: Adhesive materials distributedunder the G6-Epoxy TM trade name and can be purchased at g6-epoxy.com

  - R&D Materials: Graphene Laboratories Inc.currently offers over 100 graphene and related products available at Graphene-Supermarket.com

Forward-Looking Information

This news release contains forward-looking statements within the meaning of the applicable securitieslegislation that is based on expectations, estimates and projectionsas at the date of this news release. By theirnature, 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 materiallydifferent from any future results, performance or achievementsexpressed or implied by such forward-looking statements.“Forward-looking information” in this news release includes but isnot limited to information about the graphene-enhanced air purifier(including efficacy and potential commercialization thereof);information about the potential for the Company’s long-term growth;the business goals and objectives of the Company, and otherforward-looking information concerning the intentions, plans andfuture actions of the parties to the transactions described herein andthe 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 risk that actualresults in commercial applications of the graphene-enhanced airpurifier may differ significantly from the Test Results; the TestResults may not be accepted by applicable regulatory agencies requiredto approve commercialization of the graphene-enhanced air purifier;the Company may not receive required approvals from regulatoryagencies to commercialize the graphene-enhanced air purifier; theCompany may not achieve further stages of commercialization of thegraphene-enhanced air purifier as anticipated, or at all; risks associated with adoption by industries ofgraphene-based products health and environmental factors affectingadoption of these technologies; the company may fail to obtainappropriate government approvals or accreditation related to thebusiness’ operations and technological processes; the results of thetests being performed by an independent laboratory may beunsatisfactory and prevent the company from receiving governmentapprovals and accreditations; the market conditions and demand for itsproduct as well as the market prices of such products being developedby the company may change over time; reliance on key personnel; thepotential for conflicts of interest among certain officers, directorsor promoters with certain other projects; competition; dilution; andthe volatility of our common share price and volume.

The Company undertakes no obligation to revise orupdate any forward-looking information other than as required bylaw.

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.

Commercial Inquiries

Daniel Stolyarov, President & CEO

Telephone: (631) 405-5113

Email: info@g6-materials.com

Investor Inquiries

G6 Investor Relations

Telephone: (631) 405-5114

Email: investors@g6-materials.com

ON BEHALF OF THE BOARD:  Daniel Stolyarov, President& CEO

SOURCE: G6 Materials Corp.

For more information on G6 Materials Corp., pleasevisit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com .

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