TSX-V: GGG, OTCQB: GPHBF
NEW YORK, NY, Aug. 24, 2015 /CNW/ - Graphene 3D Lab Inc. (TSX-V: GGG) (OTCQB: GPHBF) ("Graphene 3D") Board Chairman, Jason Martin is pleased to announce a new executive leadership structure. Ian Klassen, Company Director, will be appointed President and Chief Operating Officer. Elena Polyakova will immediately serve as Co-Chief Executive Officer with Daniel Stolyarov.
"Since the launch of our conductive filament in March this year, the Company has seen strong sales demand and interest from several manufacturing partners to work with us on future polymer projects outside of the 3D printing industry," said Mr. Martin. "We have bolstered the management team to ensure our founders have the support they need to maximize future opportunities for Graphene 3D."
Mr. Klassen has 25 years of experience in public company management, public relations, government affairs and entrepreneurialism. He has extensive experience in public company administration, finance, government/legislative policy, media relationship strategies and project management. He has spent many years leading North American mineral exploration companies and sits on the Board of Directors of both private and public companies. Previous to his management activities within private and public companies, Mr. Klassen held a variety of positions within federal Canadian politics including; Senior Political Advisor to the Minister of State (Transportation); and Chief of Staff, Office of the Speaker of the Canadian House of Commons.
Mr. Klassen graduated with an undergraduate Honours Degree from the University of Western Ontario in 1989. In 1992, Mr. Klassen received the Commemorative Medal for the 125th Anniversary of the Confederation of Canada in recognition of his significant contribution to his community and country.
Martin reflected on the Company's first full year of operation since listing on the TSX-V in August of 2014. "It has been a year of significant accomplishments for our Company which include: filing a patent for the world's first 3D printed graphene battery; launching the sale of conductive filaments; and establishing and expanding our filament production facilities. We have several other projects in our development pipeline."
"Our company is rapidly moving from principally an R&D focus to creating a variety of revenue models", added Elena Polyakova, Co-Chief Executive Officer. "We have established a revenue channel with our functional 3D filaments, now we are expanding our revenue opportunities as a leading graphene manufacturer. The recent acquisition of Graphene Labs (see August 12 new release), will allow our work with advanced material polymers to expand into markets beyond the 3D printing sector. We look forward to Ian joining our management team to work with us in bringing these new revenue opportunities to fruition".
As well, the Company wishes to announce that, subject to regulatory approval and in accordance with its shareholder approved stock option plan, it has granted incentive stock options to Mr. Klassen to purchase up to 200,000 common shares exercisable on or before August 24, 2020 at a price of $0.69 per share.
About Graphene 3D
Graphene 3D Lab 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 Lab 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.
FORWARD LOOKING INFORMATION
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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Graphene 3D Lab Inc.
For further information: Commercial Inquiries: Daniel Stolyarov, Co-Chief Executive Officer, Telephone: (631) 405-5116, Email: email@example.com; Investor Inquiries: Investor Relations, Telephone (631) 405-5114, Email: firstname.lastname@example.org; Media Inquiries: Kristie Galvani, Rubenstein Public Relations, Telephone: (212) 843-9205, Email: KGalvani@rubensteinpr.com