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- The new location will be a distribution center for the Company's products
- The Company has also engaged the services of a California-based third-party logistics provider to increase its distribution capacity
Ronkonkoma, New York, USA - TheNewswire December 1, 2021 - G6 Materials Corp. ("G6" or the "Company") (TSXV:GGG ) ( OTC:GPHBF), a leading technology company developing innovative graphene-based solutions, is pleased to announce that its wholly owned subsidiary, Graphene Laboratories, Inc. (" GLI "), is opening new location in Cerritos, California. The new location is a 3,895 square foot office and warehouse facility located at 16220 Manning Way in Cerritos, California (the " California Facility ").
Management's plan is to use the California Facility for inventory management, distribution, sales, and marketing, while the 8,000 square foot New York facility will be used for expanded graphene oxide production, chemicals manufacturing, materials processing and research and development. The California Facility is also expected to enable an improved set of import capabilities for the Company for any raw materials or product components arriving from Asia. The expansion of business operations to California is significant as it will position the Company with facilities on both the east and west coasts of North America, in the heart of the major population centers of the Tri-State Area and California, respectively.
The California Facility is strategically located approximately 20 miles from the major ports of Los Angeles and Long Beach, and within 25 miles of three airports including Los Angeles International Airport, John Wayne Airport and Long Beach-Dougherty Field Airport. It is also situated near the large distribution hub of a major e-commerce retailer of G6's products. The California Facility represents a beachhead for the Company on the west coast of the United States as G6 endeavours to grow its overall wholesale distribution network and strengthen its sales and marketing efforts.
The lease on the California Facility commences on January 14, 2022, and is favourable to GLI with an initial term of one year and a renewable term that converts to a flexible month-to-month basis at the expiry of the initial term. The Company expects to embark on hiring program to staff both of the New York and California Facilities in the near future. Due to the rapid expected business growth, management expects further infrastructure expansion after the expiry of the lease term.
Additionally, GLI has engaged the services of a leading third-party logistics (" 3PL ") provider, also located in Greater Los Angeles Area, to increase its order fulfilment capabilities, expand operational capacity, and maximize customer satisfaction. The 3PL company is expected to streamline GLI's supply chain through its comprehensive suite of warehousing, distribution, fulfillment, and e-commerce services, which will position G6 to be able to handle a significant increase in order volume for its graphene-enhanced solutions and other products.
Management Commentary
"Establishing an office and warehouse facility in southern California is an exciting and important step in G6's growth. Having facilities on both coasts is very strategic for the Company, while being located near the distribution hub of our largest e-commerce partner is also critical to our supply chain and overall success," said Daniel Stolyarov, President & CEO of G6 Materials Corp. "Leasing the California Facility is yet another significant advancement for the Company lately, and I am grateful to the GLI team for identifying and securing it on favourable terms. I am optimistic that 2022 will be G6's strongest yet, as our employees, advisors, commercial relationships, product pipeline and IP portfolio all continue to improve and shape the Company for the better," added Mr. Stolyarov.
About G6 Materials Corp.
G6 Materials Corp. is a technology company creating value through the development of innovative graphene-based solutions. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including but not limited to conductive epoxies, high-performance composites, and R&D materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories Inc. is developing other innovative products including graphene-enhanced air purifiers and it plans to enter the global filtration market once all testing is complete and applicable government approvals are received.
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprised of five 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. Graphene Laboratories Inc., a wholly owned subsidiary of G6 located in Ronkonkoma, New York, has established its premium research laboratory and scalable production facility is equipped with advanced analytical and material processing equipment.
The Company's e-commerce websites are listed below:
- Conductive Epoxies: Adhesive materials distributed under the G6-EpoxyTM trade name and can be purchased at www.g6-epoxy.com
- D Materials: Graphene Laboratories Inc. currently offers over 100 graphene and related products available at www.graphene-supermarket.com
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 and potential commercialization 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 risk that actual results in commercial applications of the graphene-enhanced air purifier may differ significantly from the Test Results; the Test Results may not be accepted by applicable regulatory agencies required to approve commercialization of the graphene-enhanced air purifier; the Company may not receive required approvals from regulatory agencies to commercialize the graphene-enhanced air purifier; the Company may not achieve further stages of commercialization of the graphene-enhanced air purifier as anticipated, or at all; risks associated with adoption by industries of graphene-based products health and environmental factors affecting adoption of these technologies; the company may fail to obtain appropriate government approvals or accreditation related to the business' operations and technological processes; the results of the tests being performed by an independent laboratory may be unsatisfactory and prevent the company from receiving government approvals and accreditations; 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Commercial Inquiries
Investor Inquiries
Telephone: (631) 405-5113
Email: info@g6-materials.com
Telephone: (631) 405-5114
Email: investors@ g6-materials.com
ON BEHALF OF THE BOARD: Daniel Stolyarov, President & CEO
SOURCE: G6 Materials Corp.
For more information on G6 Materials Corp., please visit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com .
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