Lomiko Metals and Graphene Laboratories announced the formation of Graphene 3D Labs to focus on the development of high-performance graphene-enhanced materials for 3D printing.
Daniel Stolyarov of Graphene Laboratories was appointed CEO and Michael Gouzman, a leading expert in 3D printing, was appointed vice president of engineering and technology.
Lomiko will provide graphite to the company as the exclusive supplier and invest $50,000 in the start-up for 250,000 preferred shares, which are entitled to dividends. Lomiko will require a minimum of $300,000 financing by May 1, 2014, to participate in the venture and further financing to participate in a series of graphene-related ventures in addition to work on a graphite resource at the Quatre Milles Project.
The transaction is arm's length and subject to the approval of the TSX.
"Our involvement in Graphene 3D Labs is a concrete first step into the world of graphene, 3D printing and printed electronics. This is a rapidly developing new market for high-quality natural graphite," said A. Paul Gill, CEO of Lomiko.
Currently Lomiko and Graphene Labs are working toward the integration of graphene-based products into end-user goods.
For more information, visit Lomiko Metals and Graphene Laboratoriess.
Sources: Press materials received from the company and additional information gleaned from the company's website.