G6 Materials raises $5 million CAD, to acquire GO application developer GX Technologies
G6 Materials (Formerly called Graphene 3D Lab) has made plans to raise $5 million CAD via a non-brokered offering. The company also announced plans to acquire GX Technologies in an all-share deal (worth around $7.5 million CAD).
GX Technologies is developing applications based on graphene oxide. GXT has a cooperative R&D agreement with the US Army Corps of Engineers to develop graphene oxide-based membranes for use in nanofiltration. The deal with GXT is expected to be closed before April 29, 2021.
G6 Materials reports its financial results for Q3 2020
G6 Materials (Formerly called Graphene 3D Lab) has announced its financial results for the second quarter of the fiscal year ending November 30, 2020. Revenues for the quarter were just over $500k, up from $150k from last year. Net loss amounted to $321k (down from $343k from last year).
G6M says that the sharp increase (383%) in revenues in the company's latest reported six months was primarily due to strong customer demand for the Company’s air purification products and a one-time payment as per the terms of a license and option agreement.
Covid-19 and graphene, a current overview
The Coronavirus pandemic has been having a significant impact on the graphene market and industry. Even before the pandemic, graphene has already received much attention due to promising antimicrobial properties and demonstrated antiviral efficacy. However, there is no denying the recent urgency to put these traits to good use in combating the Coronavirus.
More than a few companies have launched graphene-enhanced textiles, inks and coatings, incorporated into personal protective gear (face masks, gloves etc.), and applications like air filters and room cleansers have been developed.
G6 Materials reports 1Q21 financial results
G6 Materials (Formerly called Graphene 3D Lab) has announced its unaudited financial results for the first quarter of the fiscal year ending August 31, 2020.
In its report, G6 Materials shared that revenue for the first quarter reached a record level of $1,169,426, which is a 188% increase from the $406,684 reported for the fourth quarter of 2020 and a 497% increase from the $195,928 reported for the same period of the prior year, which was primarily due to strong customer demand for the Company's air purification products and the receipt of a one-time payment as per the terms of a license and option agreement.
G6 Materials finalizes graphene-enhanced marine composites research project
G6 Materials, formerly known as Graphene 3d Lab, has announced finalizing the research and development project to develop graphene-based composite materials for marine vessel applications with a private Singaporean company.
G6's Singaporean partner has accepted its final research report and the Company expects to receive a final payment from the Partner of approximately $117,500 US Dollars. During the Project, G6 successfully developed two formulations for graphene-enhanced resins for fiberglass and carbon fiber marine composites.
G6 Materials closes $1,001,000 private placement
G6 Materials (formerly Graphene 3D Lab) has announced that it has closed a non-brokered private placement to raise aggregate proceeds of around $1,001,000.
The Company intends to use the proceeds of the private placement to fund the design, development and marketing of the new graphene enhanced air filtration system and for general working capital purposes.
G6 Materials develops graphene-based air purification technology to fight COVID-19
G6 Materials (formerly Graphene 3D Lab) has provided an update from its R&D department regarding the outbreak of the COVID-19 virus and its effects on the economic landscape, and G6 management is reportedly optimizing the business model to accommodate the new reality. As part of this, G6 has developed a graphene-based air purification tech that could help fight the virus.
The CEO of the Company, Daniel Stolyarov, explains, There is an imminent demand for solutions that allow for the removal of viruses from the air and surfaces increasing the safety of the immediate environment. The Company has prioritized work in this sector and plans to address these market needs immediately.
G6 Materials and Gilman Industries start work on graphene-based green energy project
G6 Materials Corp. (formerly known as "Graphene 3D Lab) has announced the start of a new green-energy focused collaboration with Gilman Industries, a company focused on commercializing its hydrogen-producing technology. The objective of the project is to develop a new generation of Evolve, a proprietary hydrogen generator that produces hydrogen by splitting water with an electric current.
During the course of this project, G6 will develop a robust graphene-based material for electrodes within the hydrogen generator. Introducing a resilient graphene-based material has the potential to deliver chemical stability that could allow the generator to operate with seawater, which if successful, would drastically expand the range of potential applications.
Graphene 3D Lab changes its name to G6 Materials Corp.
Graphene 3D Lab has announces that on January 23, 2020, the Company will be changing its name to G6 Materials Corp. The Company’s shares will continue to trade on the TSX Venture Exchange under the same ticker symbol (GGG).
The name change and updated branding reflects the Company’s evolving business strategy and greater focus on new lucrative opportunities in the field of advanced materials. The Company has already developed graphene additives for laminated carbon fiber and fiberglass composites, which are expected by the Company to significantly improve materials currently used in defense, airspace, marine, and automotive industries. The Company also established an industry partnership with a private Singaporean company, with G6 leading the development of new graphene-enhanced composite materials to be used for improved performance and durability for marine vessels and structures.
Graphene 3D Lab raises $212,000 in private placement
Graphene 3D Lab has announced that it has closed an oversubscribed private placement for gross proceeds of $212,000.
The Company intends to use the net proceeds from the private placement for research and development activities and general working capital purposes.
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