Graphene 3D Lab Responds to November 2nd, 2016 News Release from Great Lakes Graphite, Inc.

- November 3rd, 2016

November 3, 2016 – Calverton, NY – Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF) was made aware by Great Lakes Graphite, Inc. (“GLK”) of a news release that originated from GLK that mentions the execution of a Memorandum of Understanding (“MoU”) regarding a strategic partnership between the two companies.

November 3, 2016 Calverton, NY – Graphene 3D Lab (TSXV:GGG, OTCQB:GPHBF)  was made aware by Great Lakes Graphite, Inc. (“GLK”) of a news release that originated from GLK that mentions the execution of a Memorandum of Understanding (“MoU”) regarding a strategic partnership between the two companies. Graphene 3D confirms that a potential partnership and general terms of a MoU have been discussed. However Graphene 3D has not signed a MoU with Great Lakes Graphite, Inc. nor did it have any involvement in the GLK November 2nd, 2016 news release.
As part of its overall growth strategy, Graphene 3D aims to scale up the production and significantly reduce the cost of graphene nanoplatelets. The Company firmly believes there could be substantial benefits to the cost effective production of graphene and potential to further enhance the quality of graphene related products, should it be able to partner with the right producer of raw graphite and making graphene nanoplatelets work in conjunction in a unified technological chain with graphite processing equipment.
The Company will continue to have discussions with various raw graphite producers that have either a direct ownership or a strategic partnership with a graphite processing facility. Graphene 3D has the intention of resuming negotiations with GLK and other prospective graphite producers but will not provide any further comments until a formal agreement is reached.

 

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