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Published on April 15, 2024 • 5 minutes reading
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ABU DHABI, United Arab Emirates, April 15, 2024 (GLOBE NEWSWIRE) — The Research and Innovation Center for Graphene and 2D Materials (RIC2D) at Khalifa University of Science and Technology and HydroGraph Clean Power Inc. (CSE: HG) (OTCBQ: HGCPF), a leading commercial manufacturer of high-quality nanomaterials based in North America, today announced that it signed a Memorandum of Understanding (MoU) on January 23, 2024 to identify and accelerate applications are developing the use of graphene in various markets – including cement, concrete, lubricants, and energy storage and composites – with a focus on commercializing these applications.
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The MoU between RIC2D and HydroGraph of Khalifa University was signed by Dr. Hassan Arafat, Executive Director of RIC2D, signed. and Kjirstin Breure, President and Interim CEO of HydroGraph. According to the MoU, the partners want to facilitate knowledge exchange, joint research projects and technology transfer in graphene production and supply.
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Arafat said: “We are pleased to establish this significant collaboration with HydroGraph. This partnership is consistent with our commitment to driving cutting-edge research, innovation and technology transfer. By combining our graphene expertise with HydroGraph’s extensive industry knowledge and track record, we aim to achieve breakthroughs that will positively impact various sectors.”
“The decision to establish ourselves in a high-growth region where our target markets of lubricants, composites and concrete are well represented, and with a government that supports innovation in nanomaterials, is a decision that is consistent with our business strategy and vision. We look forward to leveraging RIC2D’s expertise in application development to benefit from an accelerated path to market,” said Breure.
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Both partners have agreed to collaborate on research and application development projects led by RIC2D at its laboratories in Abu Dhabi and at HydroGraph research and development centers in the United States, Canada and the United Kingdom.
RIC2D is a leader in collaborating with stakeholders to advance the use of graphene and nanomaterials for various applications. In addition, knowledge sharing opportunities are created through the organization of joint workshops and symposiums that facilitate networking among various stakeholders from industry, academia and government.
HydroGraph specializes in high-quality turbostratic graphene based on its patented technology. It brings with it a wealth of experience and specialist knowledge in the field of nanomaterials. It was the third company in the world to receive the Graphene Council’s Verified Graphene Producer certification and is currently one of only five companies in the world to have achieved this certification.
About the Research and Innovation Center for Graphene and 2D Materials (RIC2D):
Founded in 2022 at the Khalifa University of Science and Technology, RIC2D is part of a strategic investment by the Government of Abu Dhabi in the United Arab Emirates to advance the scientific development and commercial use of technologies derived from graphene and other 2D materials are. RIC2D is an integral part of an advanced materials innovation ecosystem being developed in Abu Dhabi.
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For more information, see: www.ku.ac.ae/ric-2d
About Khalifa University of Science and Technology
Khalifa University of Science and Technology, the UAE’s most research-intensive institution, focuses on developing world leaders and critical thinkers in science, engineering and medicine. The world-class university aims to act as a catalyst for the growth of Abu Dhabi and the UAE’s rapidly developing knowledge economy, as a preferred educational destination and a global leader among widely recognized international universities.
For more information, see: http://www.ku.ac.ae/
About HydroGraph
HydroGraph Clean Power Inc. was founded in 2017 to finance and commercialize environmentally friendly, cost-effective processes for producing high-purity graphene and other strategic materials in large quantities. Listed on the Canadian Securities Exchange in December 2021, the company acquired the exclusive license from Kansas State University to produce graphene and hydrogen through its patented detonation process. For more information about the company and its products, visit the HydroGraph website: www.HydroGraph.com/.
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For company updates, please follow HydroGraph on LinkedIn And X.
The Canadian Securities Exchange has not reviewed the contents of this press release and does not accept responsibility for the adequacy or accuracy of the contents.
CONTACTS
HydroGraph Investor Relations Contact
Salisha Ilyas, Target IR
[email protected]
Kjirstin Breure, CEO of HydroGraph
[email protected]
480.267.2556
Media contact
Kristin Schaeffer
[email protected]
Forward-Looking Statements
This press release contains certain “forward-looking statements” and certain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “anticipate,” “believe.” , “continue,” “plans,” or similar terminology. Forward-looking statements and information include, but are not limited to: statements regarding the Private Placement, the use of the net proceeds from the Private Placement, the timing and ability of the Company to complete the Private Placement, if at all, the gross proceeds of the Private Placement, the timing and the the Company’s ability to obtain all required regulatory approvals (if any) and the terms and jurisdiction of the private placement; the statements regarding the Company’s existing and future products; the Company’s future staffing levels; the company’s plans and strategies.
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Forward-looking statements and information are based on projections of future results, estimates of amounts not yet determinable and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond HydroGraph’s control or prediction, and which may cause HydroGraph’s actual results, performance or achievements to differ materially from those expressed or implied developed based on assumptions about such risks, uncertainties and other factors set forth herein, including, but not limited to: HydroGraph’s ability to implement its business strategies; risks related to general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources and/or inability to access sufficient capital on favorable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; Competition; currency and interest rate fluctuations; and other risks. HydroGraph undertakes no obligation to update any forward-looking information, except as required by law. Such forward-looking information represents management’s best judgment based on information currently available.
No forward-looking statement can be guaranteed and actual future results may differ materially. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
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