Zenyatta Ventures (“Zenyatta” or “Company”) (TSX VENTURE: ZEN) (OTCQX: ZENYF) is pleased to announce the start of a collaboration program with Alliance Rubber Company (“Alliance”) and the University of Sussex, UK (“Sussex”) to develop enhanced rubber products using graphene converted from the Company’s high-purity Albany graphite.
Alliance, an American company founded in 1923, is based in Hot Springs, Arkansas that manufactures 2,200 products and markets them in 55 countries. It is funding research at Sussex under the guidance of Dr. Alan Dalton, Professor of Experimental Physics, to develop enhanced new rubber products using graphene produced from Zenyatta graphite.
The program is focused on rubber sensor products that will hold credit and debit cards to prevent hacking of information stored on the chip.
The global radio frequency identification (‘RFID’) chip market is growing rapidly from US$5.6 billion in 2010 to a projected market value of US$21.9 billion in 2020*. This market includes software/services, labels, fobs, tags, readers and all other similar types.
The Alliance program will also focus on a rubber sensor product attached to food produce that changes color when the produce item reaches a set temperature or after a certain amount of time passes since harvest. This product can also act as a bar code on produce in grocery stores.