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Graphene 3D Lab and Toner Plastics Announce Collaboration for Product Manufacturing
Aug. 03, 2016 11:10AM PST
Emerging Technology
August 3, 2016 –Calverton, NY — Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF) (“Graphene 3D” or the “Company”) and Toner Plastics Inc. (“Toner Plastics”) are pleased to announce the signing of a Memorandum of Understanding (MoU) which will call for joint research, development, and production of specialty 3D printing filaments.
August 3, 2016 –Calverton, NY — Graphene 3D Lab ( TSXV:GGG, OTCQB:GPHBF) (“Graphene 3D” or the “Company”) and Toner Plastics Inc. (“Toner Plastics”) are pleased to announce the signing of a Memorandum of Understanding (MoU) which will call for joint research, development, and production of specialty 3D printing filaments. As subject to the final agreement, Graphene 3D will develop formulations for the specialty filaments while conducting tests and quality control measurements. The Company will also provide its extensive knowledge in marketing the specialty 3D printing filaments. Toner Plastics will be involved in the manufacturing and packaging of the specialty 3D printing filaments. These products will be distributed by both companies including the e-commerce web store,www.blackmagic3D.com, operated by Graphene 3D. According to the terms of the MoU, Graphene 3D is entitled to a royalty payment for filaments manufactured using the formulations developed by the Company.
Graphene 3D co-CEO Dr. Daniel Stolyarov commented on the agreement saying, “I hold great enthusiasm towards the potential opportunities that can arise from our strategic partnership with Toner Plastics. We believe that this cooperation will help us meet an increasing demand for specialty FDM filaments by utilizing the Toner Plastics’ production capacity and hence allow us to focus on developing new formulations.”
“By working with Graphene 3D Lab we look forward to expanding and diversifying our offerings of FDM filaments,” added Jack Warren, COO of Toner Plastics. “As a market leader in FDM filaments, Toner Plastics is confident that our filament production capability coupled with the broad expertise of Graphene 3D Lab will facilitate accelerated new product introductions that offer the 3D printing community new and exciting materials useful for highly technical applications.”