TORONTO, March 5 (Bernama-GLOBE NEWSWIRE) -- Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V:GRAT) (FRANKFURT:CB81) (WKN:A2JAP3) is pleased to announce that Gratomic and Perpetuus Carbon Technologies Ltd. (“Perpetuus”), have agreed to enter into negotiations to form a Joint Venture Agreement to build on Perpetuus’ capability (currently (2018) to initially provide 500 tonnes of surfaced modified graphenes per annum) to the tire manufacturing industry.
Gratomic Executive Chairman and CO-CEO Sheldon Inwentash stated, “Junior graphite Miners and the graphene industry as a whole have spent the last ten years seeking to identify the "Killer App” for graphenes. We are therefore very pleased to announce that based on the technical information derived from laboratory and “real world “testing received from our LOI partner Perpetuus. We are mutually confident of our success in identifying an application that will prove an industry game changer whereby graphite derived graphenes will be produced in industrial quantities to satisfy the needs of a market sector that will consume 1000’s of tonnes of engineered for purpose graphenes to meet the projected market demand. Consequently, both Gratomic and Perpetuus have now agreed to enter into substantial negotiations for a joint venture to address end user tire manufacturing needs. This has been a long and intensive development and testing process and we are now excited to move towards negotiating a Joint Venture and begin commercial production in 2018.
Gratomic is pleased to provide the following summary findings facilitated by Perpetuus in the context of the “Production of Graphene Nano Platelets (“GNP’s”) (sometimes referred to as multilayer graphene’s or graphene flakes) from Mined Bulk Graphite provided by Gratomic Inc.
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