GPHBF - G6 Materials Reports Strong 2Q21 Financial Results

(TheNewswire)

Revenue grew by 383% for thesix-month period ending November 30, 2020

Ronkonkoma, New York, USA - TheNewswire - February 1, 2021 - G6Materials Corp. (“G6” or the “Company”) (TSXV:GGG )( OTC:GPHBF) , a technology company and world-leader in creating valuethrough the development of innovative graphene-basedsolutions , is pleased to announce that it hasfiled its unaudited financial results for the second quarter of thefiscal year ending November 30, 2020, the highlights of which areincluded in this news release. The full set of Condensed InterimConsolidated Financial Statements and Management Discussion andAnalysis can be viewed by visiting G6’s website atwww.g6-materials.com or its profile page on SEDAR atwww.sedar.com .

Financial Highlights (all amountsexpressed in US dollars unless otherwise noted)

• - Revenue for the six-month period ended November 30,2020 reached $1,675,566, a 383% increase from the $346,693 reportedfor the same period of the prior year, which was primarily due tostrong customer demand for the Company’s air purification products,consulting services provided to third-party clients and the receipt ofa one-time payment as per the terms of a license and optionagreement.

  - Gross profit for the six-month period ended November30, 2020 was $635,512, a 562% increase from the $96,019 reported forthe same period of the prior year, due to the same aforementionedreasons.

  - Total expenses for the six-month period endedNovember 30, 2020 were $832,079, as compared to $620,419 for the sameperiod of the prior year, primarily due to $268,579 of share-basedcompensation related to the issuance of the options on October 14,2020.

  - Comprehensive loss for the six-month period endedNovember 30, 2020 was $209,994, as compared to a comprehensive loss of$524,731 reported for the same period of 2019, which was primarily dueto reduced expenses in the areas of salaries and benefits as well asresearch and development.

  - Total assets for the period ended November 30, 2020increased by 15% to $1,342,561 from $1,165,686 for the year ended May31, 2020 and a 50% increase from $896,299 reported for the same periodof last year.

Management Commentary

“The first half of the 2021 fiscal year isprogressing well as we continue to sell products to meet a steadysource of demand. The Company is much better positioned at this time,when compared to the same period last year, and our goal is to sustainthe Company’s performance at this level or higher for the rest ofthis year,” said Daniel Stolyarov, President & CEO of G6Materials Corp. “Our new graphene-enhanced indoor air purificationsystem has been designed and is now being tested.  We expect toprovide more updates to our customers, shareholders and stakeholdersas the launch date for our exciting new product approaches,” addedMr. Stolyarov.

Summary of Key Quarterly FinancialMeasures

(with 2Q20 shown for year-over-yearcomparison purposes)

Corporate Highlights (all amountsexpressed in US dollars unless otherwise noted)

• - Debt Facility: During the quarter, the Company entered into a loanagreement with an arm’s length third-party company, pursuant towhich G6 can draw up to an aggregate principal amount of $1,000,000 onan unsecured basis for a one-year term. Any principal amounts drawnunder the facility will accrue interest at a rate of 5.0% per year.The loan can be used for general working capital purposes.

• - New Website: On November 10, 2020, the Company announced that it hadunveiled a new corporate website at www.G6-Materials.com . The newwebsite is much faster to load on both desktop and mobile devices,features a responsive design optimized for various display sizes andincludes extra content such as stock information, media articles andenhanced contact forms for investors and other stakeholders.

• - Air PurificationProducts : The Company’s research anddevelopment team continues to develop a graphene-based technology foran enhanced air filtration system, for which a provisional patentapplication was filed to protect the intellectual property rights. Thenew air purification products have passed through the design stage andare currently undergoing  testing, with the manufacturing contractalso having been recently awarded to an offshore serviceprovider.

About G6 Materials Corp.

G6 Materials Corp. is a technology company andworld-leader in creating value through the development of innovativegraphene-based solutions. The Company is strategically focused onserving the global air filtration and purification market with newproducts to meet growing demand. G6 also sells a range ofgraphene-based products and other materials, including but not limitedto 3D printing materials, conductive epoxies, fine chemicals, highperformance composites and R&D materials, with numerous customersfrom among the Fortune 500 list of companies, as well as NASA andleading universities.

G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprised of three granted patents,three provisional patents and five patent applications filed. TheCompany’s management team and employees have a deep understanding ofgraphene technology based on decades of aggregate academic andcommercial experience. Located in Ronkonkoma, New York, its premium research laboratory and scalableproduction facility is equipped with advanced analytical and materialprocessing 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

  - Fine Chemicals: ChemApproach is a worldwide supplierof a wide variety of unique chemical building blocks, which can befound at chemapproach.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 may contain assumptions, estimates, and otherforward-looking statements regarding future events.F orward-looking statements are statementsthat relate to future, not past, events. In this context,forward-looking statements often address a company’s expected futurebusiness and financial performance, and often contain words such as“anticipate,” “believe,” “plan”, “estimate”,“expect”, and “intend”, statements that an action or event“may”, “might”, “could”, “should”, or “will” betaken or occur, or other similar expressions. By their nature,forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause our 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. Such factorsinclude, among others, the following risks: the risks associated withoutstanding litigation, if any; risks associated with adoption byindustries of graphene-based products health and environmental factorsaffecting adoption of these technologies; reliance on key personnel;the potential for conflicts of interest among certain officers,directors or promoters with certain other projects; the absence ofdividends; competition; dilution; the volatility of our common shareprice and volume; and tax consequences to U.S. shareholders.Forward-looking statements are made based on management’s beliefs,estimates and opinions on the date that statements are made, and theCompany undertakes no obligation to update forward-looking statementsif these beliefs, estimates, and opinions or other circumstancesshould change. Investors are cautioned against attributing unduecertainty to forward-looking statements. Albeit the operation of newlysuggested products are based on strong scientific evidence, theCompany cannot guarantee the performance parameters of the newproducts and their efficiency against the specific microbes includingall types of viruses and bacteria until testing is completed. Further,the Company can not guarantee any outcomes of such testing.

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 thisrelease.

Commercial Inquiries

Daniel Stolyarov, President & CEO

Telephone: (631) 405-5113

Email: daniel.stolyarov@graphene3Dlab.com

Investor Inquiries

G6 Investor Relations

Telephone: (631) 405-5114

Email: investors@graphene3Dlab.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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