Graphene 3D Lab and AzTrong have announced the signing of a Memorandum of Understanding (MoU) which outlines the terms of the agreement to be executed in the near future. This collaboration will aim to achieve cost effective production of performance-improving graphene-based products with focus on energy storage, construction, automotive and defense sectors.
Subject to the final agreement, Graphene 3D Lab will continue to develop formulations for graphene-related products while conducting tests and quality control measurements. G3L will also contribute its extensive knowledge in marketing for the graphene related products, while AzT will perform the large-scale manufacturing of the products. The products will be distributed by both companies including the e-commerce web stores, Graphene Supermarket, BlackMagic3D and G6-Epoxy, operated by Graphene 3D.
G3L's CEO, Dr. Daniel Stolyarov, commented: "I am very excited about the opportunities arising from our strategic partnership with AzTrong Inc. We believe that this partnership is key to the successful commercialization of graphene products. So far, the market penetration of our products was hindered by the lack of manufacturing capabilities in our Calverton, NY facility. That is why we are delighted to find a reliable business partner who will assist us in implementing our ideas for new products at the commercial scale"