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(TheNewswire)
October 29, 2019 – TheNewswire - Ronkonkoma, NY – Graphene 3D Lab Inc. (TSXV:GGG) (OTC:GPHBF) (“Graphene 3D” or the “Company”) is pleased to announce the US Patent Office has approved the issuance of the “Process for Synthesizing Trifluoroketones” patent (the “Patent”). The Patent secures the Company’s IP rights used in the procedure (the “Technology”) for producing a certain class of trifluoroketones, chemical compounds used in drug manufacturing. This Technology is designed to deliver high quality compounds that are free from toxic byproducts, which can otherwise appear when using alternative methods.
Furthermore, the Technology that is described in the patent was utilized by the Company during collaborations with a major pharmaceutical industrial partner (see press releases March 29, 2018 and February 21, 2019). The Company successfully implemented its now patented technology at a manufacturing facility in Europe and received installment royalty payments totaling US$202,000 for licensing the Technology.
The product that was produced with the Company’s major partner is now undergoing Phase 2a clinical trials which are expected to finish in February 2020. Data collected during Phase 2a will then be used in Phase 2b efficacy tests.
The Company will explore further potential licensing and royalty arrangements, or a complete sale of its IP.
Daniel Stolyarov, CEO of the Company, stated: “Having another technological process with this kind of potential approved by the US Patent Office marks another major milestone for the Company. We have a strong relationship with a trusted Partner and received royalty payments for the licensing of our technology even when the US Patent Office was still reviewing our patent application. With our IP rights secured and further endorsement for the novelty of our new procedure, we are positioned to explore further potential licensing and royalty arrangements, or a complete sale of the IP.”
Stolyarov added, “We are also very pleased and proud that our technology has the potential to be used for the noble purpose of helping people with illness and relief of their suffering.”
About Graphene 3D Lab, Inc.
Graphene 3D Lab, Inc. is capitalizing on groundbreaking properties of graphene and other advanced materials. The company is offering high-tech solutions in several areas including:
Fine Organic
Chemicals: ChemApproachTM is a
worldwide supplier of a wide variety of building blocks to R&D
facilities in pharmaceutical and agriculture industries, academic
institutions, biotechnology, and Hi-Tech companies. This division of
Graphene 3D Lab offers a plethora of the substituted aromatic and
heterocyclic compounds. Most of these molecules can be further
synthesized as medicinally relevant drug candidates. The production
scale varies from grams to multi-kilograms quantities. The
division’s main expertise lies in the introduction of the various
substituents to aromatic rings, a large variety of functional group
transformations, and a selective incorporation of halogens in organic
molecules, particularly, iodine. These classes of organic molecules
have a wide range of application in drug-design, biochemistry, polymer
chemistry, electronics and energy. ChemApproach.com
R&D Materials: These
diverse materials have a wide spectrum of commercial, research, and
military applications. The Company's wholly-owned subsidiary, Graphene
Laboratories Inc., currently offers over 100 graphene and related
products to a client list comprised of more than 14,000 customers
worldwide, including nearly every Fortune 500 tech company and major
research university. Some notable clients are: NASA, Ford Motor Co.,
GE, Apple, Xerox, Samsung, Harvard University, IBM, and Stanford
University. The Company's suite of products is available online at the
company's e-commerce platform Graphene Supermarket
(Graphene-Supermarket.com
3D Printing: The 3D printing
division of the Company offers a portfolio of 3D printable filaments.
These materials can be purchased through multiple distribution
networks worldwide or directly from the web-store BlackMagic3D.com
.
High Performance Epoxies:
Adhesive materials produced by the company are distributed under
G6-EpoxyTM
trade name and can be purchased at g6-epoxy.com
The Graphene 3D facility is located in Ronkonkoma, NY and is equipped with material processing and analytical equipment. The company has eight US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.
ON BEHALF OF THE BOARD: Daniel Stolyarov, President & Co-CEO
For More Information:
----------------------------------------------------------------------------- |Commercial Inquiries: | Investor Inquiries: | |Daniel Stolyarov |Investor Relations | |Co-Chief Executive Officer |Telephone: (631) 405-5114 | |Telephone: (631) 405-5113 |Email:[email protected]| |Email:[email protected] | | -----------------------------------------------------------------------------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.
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