Aug. 24, 2014

Following Grafoid's ALCERECO acquisition (for $1.25 million CAD) a couple of months ago, the company has officially opened its Kingston, Ontario production facilities where high purity, high energy density graphene will be mass produced.

Headquartered in Ottawa, Grafoid is a privately held graphene research, development and investment company established in September 2011. In 2013, it announced its global science and business platform with Focus Graphite Inc., Graphite Zero and the National University of Singapore's Graphene Research Center (NUS) – one of the world's foremost graphene R&D institutions.

Grafoid and the NUS developed a unique process that uniquely transforms raw, unprocessed graphite ore to affordable and scalable, high-purity, few layer graphene instantly. The company launched their graphene-based material platform called 'MesoGraf' in 2013 and said that they would able to mass produce high-quality graphene at affordable prices.

In April this year, Grafoid announced it has signed an agreement with Altamat Inc. for the construction of an atomization facility to produce MesoGraf graphene-based powders and filaments for 3D printing. The agreement provides Grafoid with the exclusive global rights to apply technologies invented by Dr. Henein of Altamat for use in a wide range of functionalized powders for 3D printing applications.

The new 225,000 square foot (21,000 m2) facility in Kingston is the new home of Grafoid's MesoGraf research and development laboratories, production facilities, graphene material testing, engineering and product development.

Grafoid's strategic partner, Graphite Zero Pte Ltd. has been in full production of MesoGraf and MesoGraf derivatives since early 2014.

Gary Economo, Grafoid's Chief Executive Officer and Founding Partner told a news conference the company "expects to create some 160 high-value technical positions at the Innovation Park complex during the next 12-24 months, and we expect that number to grow as we expand in subsequent years."

"The technologies we develop here in Kingston with our institutional and corporate partners could lead to graphene's broad commercialization," Mr. Economo said.

This year the company has plans to raise $50 million / €38 million for product development and growth and supports their immediate goals of creating some 160 plus professional jobs in this facility.

"By comparative analysis we estimate, this level of job creation has the potential to generate a financial stimulus to the Kingston community of some $32 million annually with the potential for even greater growth as we invest in further growth," Mr. Economo added.

Graphene is the revolutionary miracle material that science believes will forever change the world. Grafoid's mission is to become a dominant global player in investing graphene-related material and product development in a broad range of sectors including additive materials for 3D printing.

The company is currently moving to expand its global platform through the establishment of subsidiary companies to advance the commercialization of its MesoGraf-based applications.


Posted in 3D Printing Materials

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