Zentek has announced a strategic partnership with Al-Ramez International Group, facilitated through Saudi Excellence Holding Company. The partnership aims to foster innovation and commercialization of advanced technologies in the Kingdom of Saudi Arabia (KSA) and the Middle East and North Africa (MENA) region.
Under the Memorandum of Understanding (MOU), Zentek will contribute its intellectual property, product licensing, and research and development expertise. In turn, Al-Ramez International Group will provide marketing support, investor relations, financing, and market access within KSA and MENA. The collaboration seeks to achieve several objectives, including the development of a graphene production facility in KSA, a commercialization hub for Zentek's graphene technologies, and the expansion of biotechnology research. The agreement also aims to secure strategic investment in resources to support the North American supply chain for advanced materials and establish a research and development center for aptamer technology in conjunction with a Saudi university.
Zentek's CEO, Greg Fenton, expressed enthusiasm for the partnership, highlighting its alignment with the Saudi Green Initiative Vision 2030 and the potential for reducing the region's carbon footprint through technological investments.
The partnership follows Zentek's acceptance into the World Trade Centre Toronto's Trade Accelerator Program (TAP), which is designed to support medical technology commercialization for international markets.