Grafoid and CVD Equipment Corporation Announce Joint Venture
OTTAWA – Focus Graphite Inc. (TSX-V: FMS; OTCQX: FCSMF; FSE: FKC) is pleased to announce that Grafoid Inc. – in which Focus Graphite holds a 40% ownership stake – has executed a Joint Intellectual Property Development Agreement with New Jersey based CVD Equipment Corporation (NASDAQ: CVV).
Focus Graphite and Grafoid President and CEO Gary Economo, said the one-year, renewable agreement utilizes both companies’ scientific expertise to develop a catalyst material using Grafoid’s graphene derivatives and carbon nanotubes.
Grafoid Inc. is a privately held Canadian corporation investing in graphene applications and an economically scalable production process for meso-graphene and its graphene derivatives from raw, unprocessed graphite ore.
Mr. Economo said the agreement represents a major developmental step forward for Grafoid as awareness of its scientific accomplishments continue to broaden within the graphene community.
“As the single largest shareholder in Grafoid and on behalf of Focus Graphite shareholders, the agreement with CVD underscores the significance of FMS management’s decision to venture into the realm of cutting edge graphene technology. The strength of Grafoid’s economically scalable mass production process provides us with our long-term business platform for growth and expansion within our industry,” Mr. Economo said.
Under the terms of the agreement, Grafoid will provide expertise to develop unique intellectual properties in partnership with CVD including the identification and feasibility for creating new combinations of graphene with carbon nanotubes as a catalyst material.
The Agreement executed is based upon a 50/50 mutual agreement providing both parties with equal rights to share in jointly created IPs and the ability to further the JV on additional terms.
Leonard A. Rosenbaum, President and CEO of CVD Equipment stated, “By combining Grafoid’s processing capabilities, understanding of applications/markets and by finding common ground for nano carbon material functionalization, we believe CVD can more efficiently leverage our 30 years of technical know-how in custom equipment design, manufacturing and process development for novel nano materials and their transformation into macro size commercially viable materials.”
“These materials,” Mr. Rosenbaum added, “will be primarily developed at our Application Laboratory and marketed through our CVD Materials Corporation subsidiary. We believe this Agreement is another way for us to accelerate the commercialization of nano materials to solve tomorrow’s problems and we expect to collaborate with other companies and universities on interesting growth opportunities.”
Dr. Gordon Chiu, Grafoid Vice President and co-founder said that Grafoid’s mesographene, few layer graphene, powders and liquids offer joint venture partners an array of possibilities for exploring potential applications.
“Grafoid is a reliable supplier of high quality graphene and a provider of IP solutions,” said Dr. Chiu. “Our relationship with CVD will help identify and solve intellectually challenging problems and our combined expertise in IP development holds great potential as our industry pioneers its way into mainstream market applications.”
“Our joint venture concept of combining carbon nanotubes with scalable graphene leverages on Grafoid’s existing investments in graphene,” Dr. Chiu added.
Dr. Karlheinz Strobl, V.P. of Business Development of CVD Equipment Corporation stated: “The purpose of the agreement is to leverage both company’s knowledge of functionalized nano material design, development, manufacturing and the transformation of these materials for use in a broad range of markets and applications. Together we will increase our understanding of novel catalyst solutions for commercially viable NanoToMacro™ catalyst materials.”
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. It is the owner of the NI 43-101 compliant Lac Knife graphite deposit grading 16% carbon as graphite. The company’s goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is invested in the development of graphene applications and patents through Grafoid Inc.
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of custom and standard state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. CVD offers a broad range of chemical vapor deposition, gas control, and other equipment that is used by customers to research, design and manufacture semiconductors, solar cells, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, battery and ultra-capacitor materials, medical coatings, industrial coatings and equipment for surface mounting of components onto printed circuit boards. CVD’s Application Laboratory focuses on higher efficiency material manufacturing for a wide variety of growth markets, which are marketed through our wholly owned subsidiary, CVD Materials Corporation.
NanoToMacro™ is a Trade Mark of CVD Equipment Corporation.
Forward Looking Statements – Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.
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.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101