TORONTO, Jan. 25, 2019 /CNW/ - Gratomic Inc. (the
"Company") (TSX.V:GRAT), a publicly traded Canadian TSX.V company,
and TODAQ Holdings Inc. ("TODAQ") are pleased to announce that they
have entered into a memorandum of understanding describing the
terms of a supply chain partnership to put Gratomic's supply chain
and products on the TODA Protocol.
"The market for tires requires products that deliver fuel
efficiency, safe handling, and extended wear. Integrating
Gratomic's operations and products onto the TODA-as-a-service
("TaaS") platform with TODAQ as a partner allows us to deliver the
desired product efficiently and effectively into the customers
hands, with the peace of mind of knowing what they own has been
monitored from the raw material source through to the finished
product,"said Gratomic's Chairman and co-CEO Sheldon Inwentash.
The project will focus on providing incontrovertible proof of
provenance in respect of Gratomic's graphite supply and consequent
synthesis of commercial nano engineered graphene products
throughout the global graphene marketplace down to the end
consumer.
"We're pleased to add Gratomic as our mining partner alongside
our other pharmaceutical and energy supply chain projects. TODAQ is
looking forward to adding efficiency and security with scale to
Gratomic's operations, providing a brand multiplier that adds
confidence to products carrying liberated nano engineered graphene
from Gratomic's dedicated graphite source, and of course addressing
the potential for forgeries and fakes that can become a constant
source of leakage," said Sung Soo
Park, TODAQ Managing Director in Seoul.
The project will be rolled out in stages over 2019 as Gratomic
brings its end products to market starting with first proof of
concepts and staging to commercial delivery of its fuel efficient
tire in collaboration with its development partner, Perpetuus
Carbon Technologies.
"Our Graphite mine in Namibia
delivers some of the highest quality exceptionally friable graphite
for ease of commercial processing. A methodology for monitoring
which graphite source is processed into a specific product is a
game changer," said Arno Brand,
Gratomic's co-CEO.
It is expected that the complete project will span multiple
continents with peer-to-peer cross-border settlement of
transactions in less than a minute, and aim to efficiently
demonstrate results that can commercially scale up looking into
2020. Later phases will also aim to include value-added trade
finance services on the TaaS platform.
"The TODA Protocol ensures individual ownership of your own data
and TODAQ is here to enable secure and efficient international
trade and commoditize the settlement of value. The beauty of this
project is that once a customer buys graphene ultra-efficient
tires, they own that digital asset and embedded proof of the tire,
without requiring any other intermediary including the mine,
processor, manufacturing company, retail source or even TODAQ,"
said TODAQ CEO, Hassan Khan.
About TODAQ Holdings Inc.
TODAQ is a fintech "bank of the future" that offers both a
supply chain solutions platform and a consumer solutions platform
to enterprises, banks, and smart cities for all their asset and
money transactions. It intends to also provide these clients access
to value added finance and insurance services. TODAQ is also
initially responsible for the distribution of the Toda Note (TDN),
a cryptographically controlled supply of 237 USD
backstopped digital notes designed to be used as a medium of
exchange for commerce and industry.
For more information contact:
Hassan Khan, CEO, +1
416-704-3113 E-mail inquiries:
hassan.khan@todaqfinance.com
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to
market commercialization of graphite products most notably high
value graphene-based components for a range of mass market
products. We are collaborating with a leading European manufacturer
of graphenes to use Aukam graphite to manufacture graphene products
for commercialization on an industrial scale. The company is listed
on the TSX Venture Exchange under the symbol GRAT.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
FORWARD LOOKING STATEMENTS: This news release
contains forward-looking statements, which relate to future events
or future performance and reflect management's current expectations
and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date
hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings
with SEDAR in Canada (available
at www.sedar.com).
SOURCE Gratomic