The MoU calls for a 6-month pilot project in which GQDs will be supplied by Dotz to Colorplastic for integration into their products for use in the polymers and surface treatment being commercialized by Colorplastic for use by OEMs. The scope of the pilot is to be defined by the parties, but is to cover the technological development and adaptation of GQDs to Colorplastic's products, including production runs for validating commercial scale. The pilot can be extended an additional 3-months by mutual agreement if needed.
In January 2017, Dotz Nano signed a marketing agreement with Strem Chemicals, a manufacturer and distributor of specialty chemicals headquartered in the U.S. In July 2017, Dotz Nano received firm commitments to raise $1.5 million via a placement of shares.