Cientifica to acquire up to 49.9% in Rainmaker Technologies

Cientifica entered into an option agreement with Rainmaker Technologies - to invest up to 49.9% in the company. There are three options actually, the first one is to acquire 25.4% in the company by May 15, in exchange for £100,000 ($167,000).

According to Cientifica, Rainmaker will work with Perpetuus Carbon Technology to supply graphene materials for Rainmaker's products. Rainmaker plans to bring new graphene-enabled products to the market in 2015.

UK-based Perpetuus Carbon Technologies entered the graphene supply market in February 2014. The company produces graphene materials (GNPs) in its new 100 annual-ton factory, and in March 2014 Perpetuus launched two new graphene based products (developed in collaboration with Gwent Electronics Group).

This is Cientifica's second announced agreement, following their exclusivity agreement with London Graphene Ltd to develop technology using graphene for energy storage. Last month it was reported that Cientifica wanted to raise around £300,000 - £400,000 of new equity capital, but due to difficult market conditions, this action failed.

Posted: Apr 12,2014 by Ron Mertens