Focus Graphite Inc.(TSXV:FMS) announced a new joint venture with New Jersey based company CVD Equipment Corporation.
As quoted in the press release:
Under the terms of the agreement, Grafoid will provide expertise to develop unique intellectual properties in partnership with CVD including the identification and feasibility for creating new combinations of graphene with carbon nanotubes as a catalyst material.
Focus Graphite, President and CEO, Gary Economo, commented:
As the single largest shareholder in Grafoid and on behalf of Focus Graphite shareholders, the agreement with CVD underscores the significance of FMS management’s decision to venture into the realm of cutting edge graphene technology. The strength of Grafoid’s economically scalable mass production process provides us with our long-term business platform for growth and expansion within our industry.