TSX-V: GGG, OTCQB: GPHBF
NEW YORK, June 23, 2015 /CNW/ - Graphene 3D Lab Inc. (TSXV: GGG, OTCQB: GPHBF) ("Graphene 3D") has accepted delivery of additional extrusion equipment that will double the potential production capacity of their functional filaments. This equipment will also be used to manufacture the Company's specialty filaments including the recently introduced conductive filament sold through the Company's on-line store, www.blackmagic3d.com.
Graphene 3D CEO Dr. Daniel Stolyarov commented, "This new extrusion equipment will help us to meet the increasing demand for our conductive filament. The extra manufacturing capacity will also allow us to move forward with production of new specialty materials. We anticipate releasing at least three new materials in 2015."
The Company's conductive filament is ideally suited for 3D print projects that require electrical connections, including conductive traces (such as electrical connections found in circuit boards) or touch sensors (as found in trackpads, controllers or switches). Graphene 3D introduced the conductive filament for sale in March of this year. The filament is available in 1.75 mm diameter, 100-gram spools and achieves a volume resistivity of 0.6 Ohm-cm.
About Graphene 3D
Graphene 3D Lab Inc. is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing, including fused filament fabrication. Graphene 3D 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
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 production capacity and production of new specialty materials.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the potential production capacity of extrusion lines and market demand for conductive filaments. 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: any issues arising from manufacturing and material production, development of new materials, and market demand risk.
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.
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, President & Chief Executive Officer, Telephone: (631) 405-5116, Email: [email protected]; Investor Inquiries: Investor Relations, Telephone (631) 405-5114, Email: [email protected]; Media Inquiries: Kristie Galvani, Rubenstein Public Relations, Telephone: (212) 843-9205, Email: [email protected]