CKR Carbon (TSXV: CKR) (FSE: CB81) (“CKR” or the “Company”) a graphite development company, is pleased to announce the execution of a Letter of Intent (LOI) with a leading European manufacturer of graphenes (EMG). Under the terms of the LOI, CKR and EMG will begin a materials commercial application program. The purpose of the program is to formally cultivate and exploit the Aukam graphite to facilitate the production of graphenes for large volume mass-market applications.
Under the terms of the agreement, CKR will provide Aukam graphite to EMG and EMG will provide modified graphenes to CKR. EMG will also include the graphenes for field-testing to their current customer base to further evaluate and confirm the benefit of the material for mass-market high volume applications.
Sheldon Inwentash, Executive Chairman of CKR Carbon said:
“This LOI is the first step in what we believe will be a significant move by CKR into a fully integrated operation and downstream commercialization of high value graphene based components for a range of mass market products using Aukam graphite.
We are very excited by the potential of our collaboration with EMG and look forward to working together to develop the markets for our graphite.”