TSX-V: GGG, OTCQB: GPHBF
VANCOUVER, TORONTO and NEW YORK, June 18, 2015 /CNW/ - Graphene 3D Lab Inc. (TSXV: GGG) (OTCQB: GPHBF) ("Graphene 3D") and Ideum, a company which develops large-scale smart-tables and walls, are pleased to announce the signing of a Memorandum of Understanding ("MoU") which lays the foundation for joint research, product development, and marketing between the two companies.
Graphene 3D and Ideum will consider and co-develop products by Graphene 3D which can be used as capacitive sensors to interface with Ideum's product offerings. Graphene 3D will also begin commercial on-demand 3D printing of coasters, joysticks, and styluses which Ideum clients can use to interact with their smart-tables. For example, styluses of various shapes, 3D printed in Conductive Graphene Filament, may be used as brushes used in photo editing software, giving a more hands-on feel to creative work done on an Ideum smart-table.
The agreement also calls for both parties to jointly produce a whitepaper on any research findings. All jointly-developed products will be promoted through Ideum sales channels, and Graphene 3D will partner with Ideum in various marketing activities, including participation in forums and trade shows.
Graphene 3D CEO Dr. Daniel Stolyarov commented, "Partnering with Ideum is the perfect opportunity for Graphene 3D to showcase its ability to address various market needs with rapid prototyping of functional objects. Using Conductive Graphene Filament, our team can manufacture an endless number of unique, custom objects which bring additional functionality to Ideum smart-tables for consumers."
"Our clients are always looking for new ways to interact with Ideum multitouch tables in a variety of different settings and markets" added Ideum's CEO, Jim Spadaccini. "Conductive 3D printed objects of unique shapes can greatly extend the functionality of our touch tables as we can now assign a different purpose to each tangible object, giving users a much higher degree of control over their devices."
A video of a stylus being used on an Ideum smart-table can be seen by following the link below;
About Graphene 3D
Graphene 3D is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing, including fused filament fabrication. The Company is also involved in the design, manufacture, and marketing of 3D printers and related products for domestic and international customers.
The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has four US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
Ideum (www.ideum.com) is a privately-held creative company based in Corrales, New Mexico. Ideum designs and produces integrated and hardened large-scale multitouch hardware and develops interactive software for museums, educational institutions, government agencies, and Fortune 500 companies. The company has developed and sells Gestureworks (www.gestureworks.com), a cutting-edge multitouch and motion tracking software environment.
FORWARD LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information in this news release includes statements about collaboration and material sales between Graphene 3D Lab and Ideum.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, purchases to be made by Ideum for Graphene 3D materials and collaboration to take place between Graphene 3D and Ideum. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: incompatibility of the technologies owned by Graphene 3D and Ideum; either party, for any reason, choosing not to move forward in joint collaboration or sales of materials.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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SOURCE Graphene 3D Lab Inc.
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