Grafoid Inc. and CVD Equipment Corporation Sign Joint IP Development Agreement
OTTAWA, ONTARIO--(Marketwire - Aug. 20, 2012) - Grafoid Inc. and CVD Equipment Corporation (NASDAQ:CVV) announced today the signing of a Joint Intellectual Property Development Agreement for the development of NanoToMacro™ catalyst materials. The Companies believe that this collaborative relationship has the potential to speed up the commercialization of graphene and provide additional opportunities for both companies.
"This agreement represents yet another step forward for Grafoid within the graphene community," stated Gary Economo, President and CEO, Grafoid. "Grafoid's scalable mass production process provides us with a long-term business platform for growth and expansion within our industry," Mr. Economo added.
Leonard A. Rosenbaum, President and CEO of CVD Equipment stated, "By combining Grafoid's processing capabilities, understanding of applications/markets and by finding common ground for nano carbon material functionalization, we believe CVD can more efficiently leverage our 30 years of technical know-how in custom equipment design, manufacturing and process development for novel nano materials and their transformation into macro size commercially viable materials."
"These materials," Mr. Rosenbaum added, "will be primarily developed at our Application Laboratory and marketed through our CVD Materials Corporation subsidiary. We believe this Agreement is another way for us to accelerate the commercialization of nano materials to solve tomorrow's problems and we expect to collaborate with other companies and universities on interesting growth opportunities."
Dr. Gordon Chiu, Grafoid Vice President and co-founder said that Grafoid's mesographene, few layer graphene, powders and liquids offer joint venture partners an array of possibilities for exploring potential applications.
"Grafoid is a reliable supplier of high quality graphene and a provider of IP solutions," said Dr. Chiu. "Our relationship with CVD will help identify and solve intellectually challenging problems and our combined expertise in IP development holds great potential as our industry pioneers its way into mainstream market applications."
"Our joint venture concept of combining carbon nanotubes with scalable graphene leverages on Grafoid's existing investments in graphene," Dr. Chiu added.
Dr. Karlheinz Strobl, V.P. of Business Development of CVD Equipment Corporation stated: "The purpose of the agreement is to leverage both company's knowledge of functionalized nano material design, development, manufacturing and the transformation of these materials for use in a broad range of markets and applications. Together we will increase our understanding of novel catalyst solutions for commercially viable NanoToMacro™ catalyst materials."
About Grafoid Inc.
Grafoid, Inc. is a privately held Canadian corporation investing in graphene applications and economically scalable production processes for meso-graphene and its graphene derivatives from raw, unprocessed, graphite ore.
Focus Graphite, Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) holds a 40% stake in Grafoid on behalf of its shareholders.
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ:CVV) is a designer and manufacturer of custom and standard state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. CVD offers a broad range of chemical vapor deposition, gas control, and other equipment that is used by customers to research, design and manufacture semiconductors, solar cells, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, battery and ultra-capacitor materials, medical coatings, industrial coatings and equipment for surface mounting of components onto printed circuit boards. CVD's Application Laboratory focuses on higher efficiency material manufacturing for a wide variety of growth markets, which are marketed through our wholly owned subsidiary, CVD Materials Corporation.
NanoToMacro™ is a Trade Mark of CVD Equipment Corporation.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release by CVD Equipment Corporation (CVD), as well as information included in oral or other written statements made or to be made by CVD, contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of CVD's growth and sales strategies, possible customer changes in delivery schedules, cancellation of orders, delays in product shipments, delays in obtaining parts from suppliers, failure to satisfy customer acceptance requirements and other risk factors described in CVD's SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof and CVD assumes no obligation to update this press release.
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