Lomiko Provides Update on Strategic Alliance With Graphene Labs
September 27, 2013 (Source: Marketwired) — LOMIKO METALS INC. (TSX VENTURE:LMR) (PINKSHEETS:LMRMF) (FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (the “Company”) announced on February 12, 2013 that it had entered into a Strategic Alliance with Graphene Laboratories Inc. (“Graphene Labs”). The Strategic Alliance is focused on developing a vertically integrated supply chain for large-scale graphene production; key factors to success will include a secure supply of high-quality graphite, cost-effective and scalable processing, and high quality control.
The Strategic Alliance provided Lomiko with an exclusive opportunity to participate in Graphene Lab Projects such as the Supercapacitor Project in collaboration with the SUNY Research Foundation at Stony Brook University, which umbrellas the Advanced Energy Research and Technology Center (AERTC) and the Center for Advanced Technology in Diagnostic Tools and Sensor Systems (Sensor CAT).
These efforts have produced success as indicated by the recent announcement that graphite samples from Lomiko’s Quatre Milles Property were converted to Graphene Oxide (“GO”) and Reduced Graphene Oxide (“RGO”), similar to materials which are currently available for sale on www.graphene-supermarket.com. Lomiko will continue to participate in projects is currently reviewing several opportunities with Graphene Labs. Lomiko will also continue providing mineral samples from the Quatre Milles Project, as required for further testing of the conversion of natural high quality flake graphite to graphene.
Currently Lomiko and Graphene Labs are working toward the integration of graphene-based products into end-user goods as set out in the Strategic Alliance. Lomiko’s high quality graphite and the extensive customer database cultivated by the experts at Graphene Labs will prove indispensable to reaching production and commercialization goals.
In light of the progress made, Graphene Laboratories and Lomiko decided to reconsider the terms of the Alliance agreement. According to the original terms of the Agreement, Lomiko was provided an opportunity to provide equity financing to Graphene Laboratories on an exclusive basis up to $ 2 million. At this time, Lomiko will not purchase an equity position directly in Graphene Labs due to market conditions and the effect of dilution at Lomiko’s current price. Instead, Graphene Laboratories and Lomiko will use available resources to pursue commercialization of the technology developed together. The details of the future collaboration of Lomiko and Graphene Laboratories in the Strategic Alliance will be announced shortly.
Graphene Laboratories Inc. Background
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Graphene Laboratories, Inc., located in Calverton, NY, specializes in the manufacture and sale of research materials to R&D markets, with the world’s largest selection of advanced and 2D materials. Having been first in the market to introduce graphene materials for research use, the company is working towards industrial-scale production of graphene and graphene-like materials, currently with pilot-scale production capabilities. The team at Graphene Laboratories are recognized experts in graphene materials, with staff regularly presenting at international conferences and exhibitions. Researchers at Graphene Labs also specialize in custom projects and R&D.
Graphene Laboratories Inc. operates both the Graphene Supermarket® (www.graphene-supermarket.com) and Maximum Materials™ (www.maximum-materials.com), and is a leading supplier of advanced 2D materials to thousands of customers around the globe. The company offers a wide variety of graphene materials, as well as other advanced 2D nanomaterials such as molybdenum disulfide, tungsten disulfide, and boron nitride products.
For more information on Graphene Laboratories, Inc, visit www.graphenelabs.com.
Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries.
For more information on Lomiko Metals Inc., review the website at www.lomiko.com.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
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