VANCOUVER, British Columbia, Might 12, 2022 (GLOBE NEWSWIRE) — HydroGraph Clear Energy Inc. (HG.CN) (OTCMKTS:HGCPF) (the “Firm” or “HydroGraph”), a industrial producer of high-quality nanomaterials and alternative-energy fuels, has introduced a time horizon for industrial scale manufacturing at its Manhattan, KS manufacturing plant.
The Firm has focused Q3 2022 for industrial scale, leveraging manufacturing know-how developed at Kansas State College and kicking off a five-year plant enlargement and job creation plan for the Manhattan area.
Progress Potential
HydroGraph know-how manufactures strategic merchandise such because the super-material graphene utilized in dozens of industries and alternative-energy fuels in excessive demand, equivalent to hydrogen. That is achieved by means of an industry-leading patented course of that achieves the very best high quality, at a low price. In contrast to within the making of standard graphene, HydroGraph’s course of is environmentally pleasant. The know-how — the Hyperion detonation system — is right for industrial scale: compact and modular, with the small footprint permitting for deployment just about anyplace. The Firm’s preliminary go-to-market product of graphene, with hydrogen manufacturing course of in improvement, marks the start for a platform of merchandise within the superior supplies and power areas.
Ranjith Divigalpitiya, chief science officer of HydroGraph, mentioned finding the manufacturing near the R&D was a strategic selection. “The shut proximity of our manufacturing facility to our analysis companions at Kansas State College will assist us preserve our aggressive benefit with a virtuous cycle between our industrial manufacturing and persevering with R&D.”
Okay-State partnership and U.S. Financial Growth
HydroGraph shaped after collaborating with Kansas State College researchers for a few years. In 2017, HydroGraph solely licensed the patented detonation course of found by Chris Sorensen, Cortelyou-Rust College distinguished professor and college distinguished educating scholar at Okay-State. In line with Divigalpitiya, Sorensen’s technique produces probably the most constant, high-quality and cost-effective graphene obtainable available on the market and has the bottom environmental footprint. The unique license was coordinated by Okay-State Innovation Companions.
HydroGraph plans to discover the potential of increasing past its present constructing in Pottawatomie County to a bigger manufacturing facility and creating high-paying jobs within the Manhattan area over the subsequent 5 years. Okay-State Innovation Companions and Manhattan’s Information Primarily based Financial Growth, or KBED, partnership facilitated the corporate’s manufacturing presence within the area.
(See press launch: Canadian firm makes use of know-how developed at Kansas State College to create jobs in Manhattan)
About HydroGraph
HydroGraph Clear Energy Inc. was based in 2017 to fund and commercialize inexperienced, cost-effective processes to fabricate graphene, hydrogen and different strategic supplies in bulk. Publicly listed on the Canadian Securities Trade Dec. 2, 2021, the Firm acquired the unique license from Kansas State College to provide each graphene and hydrogen by means of their patented detonation course of. Extra details about the Firm and its merchandise will be discovered on the HydroGraph web site. www.hydrograph.com/
For firm updates, please observe Hydrograph on LinkedIn and Twitter.
Contacts:
HydroGraph Investor Relations
[email protected]
HydroGraph Media
Mike Clinebell
415-518-2506
[email protected]
The Canadian Securities Trade has not reviewed and doesn’t settle for duty for the adequacy or accuracy of the content material of this information launch.
Ahead-Trying Statements
This launch comprises sure “ahead wanting statements” and sure “forward-looking data” as outlined underneath relevant Canadian securities legal guidelines. Ahead-looking statements and data can usually be recognized by means of forward-looking terminology equivalent to “might”, “will”, “count on”, “intend”, “estimate”, “upon” “anticipate”, “consider”, “proceed”, “plans” or comparable terminology. Ahead-looking statements and data embrace, however aren’t restricted to, the Firm’s future merchandise; the scaling up of the Firm’s Manhattan, Kansas manufacturing unit to industrial capability; the Firm’s attainable exploration of future improvement within the Manhattan area; and the Firm’s future attendance at The Superior Supplies Present occasion.
Ahead-looking statements and data are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be cheap, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Ahead-looking statements and data are topic to varied recognized and unknown dangers and uncertainties, lots of that are past the power of HydroGraph to regulate or predict, which will trigger HydroGraph’s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different elements set out herein, together with however not restricted to: HydroGraph’s means to implement its enterprise methods; dangers related to normal financial circumstances; adversarial {industry} occasions; stakeholder engagement; advertising and marketing and transportation prices; lack of markets; volatility of commodity costs; incapacity to entry enough capital from inside and exterior sources, and/or incapacity to entry enough capital on beneficial phrases; {industry} and authorities regulation; adjustments in laws, earnings tax and regulatory issues; competitors; foreign money and rate of interest fluctuations; and different dangers. HydroGraph doesn’t undertake any obligation to replace forward-looking data besides as required by relevant legislation. Such forward-looking data represents administration’s finest judgment based mostly on data at the moment obtainable. No forward-looking assertion will be assured, and precise future outcomes might differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements.
