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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
Under the terms of the Agreement, G6 will issue a total of 3,333,333 Shares to the Licensor, each valued at
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.
About
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.
The Company’s e-commerce websites are listed below:
● R&D Materials & Conductive Epoxies: currently offers over 100 graphene and related products available atwww.graphene-supermarket.com
Breathe: Medical-grade HEPA air filtration enhanced with advanced performance graphene material, for more information, visitwww.breatheplus.tech
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
Corporate Inquiries
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
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Copyright (c) 2024 TheNewswire - All rights reserved., source