Gary Economo, President and CEO of Focus Metals Inc., (TSX
VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) "Focus Metals" and Grafoid
Inc., "Grafoid" announced today the signing of a Memorandum of
Understanding (MOU) between Grafoid Inc. and Rutgers University
AMIPP Advanced Polymer Center to jointly develop graphene
technology applications related to both polymer and non-polymer
applications.
Focus Metals is the lead partner in Grafoid Inc., a graphene
development and patenting joint venture, a private company.
Under the terms of the MOU, Rutgers University, an advanced
materials research center that works with industry to commercialize
new technologies, commits to providing the research and
inter-disciplinary laboratory facilities.
Grafoid Inc. commits to providing human resources, graphene
materials from Focus Metals' Lac Knife graphite resource, and
graphene expertise for research and development purposes.
The agreement was signed by Mr. Economo as President of Grafoid
Inc., and Professor Thomas Nosker, Principal Investigator for
Rutgers University's Advanced Polymer Materials School of
Engineering.
Mr. Economo said the MOU is the first of its kind for Rutgers
University and a breakthrough for Focus Metals' graphene
development initiative. The initial investigation of Lac Knife's
graphite property was conducted on grab samples by Grafoid's Vice
President and Chief Scientist Dr. Gordon Chiu.
"The graphene research and development activities undertaken to
date by Dr. Chiu are heading towards a new phase, leading
ultimately, we believe, to industrial applications for our
graphene," Mr. Economo said.
"In time, and through further development in conjunction with
Rutgers University we see Grafoid assuming its place as an industry
leader not only in industrial and infrastructural applications, but
in graphene applications for military and defense, aviation and
marine and in other emerging industries where demand exists," he
added.
On behalf of AMIPP (Advanced Materials via Immiscible Polymer
Processing), Professor Nosker said a huge opportunity is waiting to
be opened by the cooperative venture.
"I am very pleased that we have an opportunity to spearhead the
exploration for the applications from the very high quality
graphite received from the Lac Knife project in Canada," he
said.
"This material, formed together in an igneous rock formation
millions of years ago, has extreme high electrical conductivity
relating to the perfection of the graphite crystals formed
there.
"There are many engineering applications for these materials
just waiting to be discovered," Prof. Nosker added.
In his comments, Dr. Chiu said the graphene material, or
high-technology two-dimensional graphite in its purest, basic
physical form, is now the subject of discovery by most scientific
research institutions in the world.
"Rutger's AMIPP is a nationally recognized center for polymer
research and their interest in the Focus Metals resource coincides
with my own scientific findings," Dr. Chiu said.
"The possibility of Lac Knife's graphite material being used for
novel discoveries in future hybrid materials and unique commercial
processes is very high," said Dr. Chiu.
Mr. Economo summarized the MOU describing it as another step
towards completing a Focus Metals business vision of creating a
mine-to-market-to-technology application enterprise.
"For Focus Metals shareholders, the value-added graphene
component could, in time, provide a further source of revenues fed
from our Lac Knife graphite project," Mr. Economo said.
"We are in a unique position. Our ongoing and immediate goals
are to establish an enterprise-leading position for both graphite
and graphene," he said. "Our pact with Rutgers University brings us
a step closer to attaining one of those goals."
Graphene, discovered in 2004, is a two-dimensional ultra-thin
form of carbon produced from graphite. It is tougher than diamond,
is heat-resistant and more, it is electrically conductive.
Graphene has been described as the "new silicon" and has sparked
a global interest among scientists by providing an unparalleled
opportunity for the investigation of commercial applications by
virtually all scientific communities and disciplines.
The first commercial applications from graphene could appear as
early as 2012 in touch-screen computing devices, but applications
are being investigated now for telecommunications, computing
(transistors and super-capacitors) military, aviation and
automotive, medical, and renewable energy purposes.
Grafoid, in cooperation with Rutgers AMIPP will focus its
investigations initially on infrastructural, aviation, automotive
and other applications.
The technical information on the Lac Knife project in this
release was reviewed by Tony Brisson, P. Geo., Vice President
Exploration of Focus Metals Inc., who acts as Focus' Qualified
Person as defined by National Instrument 43-101.
About Focus Metals Inc.
Focus Metals Inc. is an emerging mid-tier junior mining company,
a technology solutions supplier and a business innovator. It is the
owner of the highest-grade (approximately 17%) technology graphite
resource in the world. The company's goal is to assume a dominant
industry leadership position by becoming the lowest-cost producer
of technology-grade graphite. As a technology-oriented enterprise
with a view to building long-term, sustainable shareholder value,
Focus Metals is invested in the development of graphene
applications and patents through Grafoid Inc.
About Grafoid Inc.
Grafoid Inc. is a Canadian, privately-held joint venture created
to research and develop commercial applications and patents from
graphene, sourced exclusively from Focus Metals' Lac Knife, Quebec
technology graphite resource. One of its aims is to set a universal
standard for the mass production of graphene for industrial
applications.
Grafoid's founders, partners and officers are: Mr. Jeffrey York,
Chairman; Mr. Gary Economo, President and CEO, and; Dr. Gordon
Chiu, Vice President and Chief Scientist. Ms. Judith
Mazvihwa-MacLean is Chief Financial Officer. The company's
ownership structure, as set out in its Articles of Incorporation is
as follows: Focus Metals, 40%; Mr. Jeffrey York, 20%; Mr. Gary
Economo 20%, and; Dr. Gordon Chiu 20%. This structure enables Focus
Metals to further explore and eventually profit from opportunities
for creating graphene and graphene applications without
compromising its primary corporate objective of developing its Lac
Knife property.
Forward-Looking Statements
This News Release may contain or refer to "forward-looking
statements" which reflect Management's expectations regarding the
Company's future growth, results of operations, performance and
business prospects and opportunities. These statements reflect
Management's current beliefs at the time of this news release and
are based on information currently available to Management. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
potential mineralization and reserves, exploration results, and
future plans and objectives of the Company, are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from Management's expectations
are exploration risks detailed herein and from time to time in the
filings made by the Company with securities regulators. While the
Company anticipates that subsequent events and developments may
cause its views to change, it specifically disclaims any obligation
to update these forward-looking statements, except in accordance
with applicable securities laws. Accordingly, readers are advised
not to place undue reliance on forward-looking information.
Neither 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 release.
Contacts: Gary Economo, President and CEO Focus Metals Inc. and
Grafoid Inc. Ottawa 613-691-1091 ext.
101gary@focusmentals.cawww.focusmetals.ca
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