Zenyatta Ventures recently announced that it has signed a collaboration agreement with Larisplast, an Israeli business that specializes in the field of concrete admixtures. Zenyatta and Larisplast have both received grant funding from the Canada-Israel Industrial R&D Foundation under the Ontario-Israel Collaboration Program to further test the effect of adding graphene generated from Zenyatta’s Albany graphite to concrete on a pilot scale. Now, after a successful phase 1, the companies announce the beginning of phase 2.
Upon successful completion of pilot plant testing, the agreement contemplates the formation of a new corporation ('Newco') jointly owned (50/50) by Zenyatta and Larisplast for the purposes of marketing this new specialized admixture product globally. Zenyatta would be the exclusive provider of purified graphite to Newco and any other party working with Larisplast on this technology.