Tickers: XOTC:GPHBF, XTSX:GGG
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."
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:
Co-Chief Executive Officer
Telephone: (631) 405-5113
Telephone: (631) 405-5114
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