This strategic move reinforces G6's commitment to pushing the boundaries of advanced materials and fortifying its position as an industry pioneer. As research and development in graphene technology continue, the potential applications and benefits of graphene coatings are likely to expand, offering innovative solutions across diverse industries.
The License encompasses a suite of proprietary technologies, patents, and trade secrets that will enable the Company to enhance its product offerings, drive innovation, and meet the evolving needs of our customers. The acquisition of this License aligns seamlessly with G6's vision to deliver cutting-edge solutions that push the limits of performance, sustainability and offers innovative solutions across diverse industries. The License for the Subject Technology is for a period of up to February 1, 2026, and is non-exclusive, non-sublicensable and non-transferable.
The one-time license fee of $300,000 is payable through the issuance of common shares in the capital of the Company at a deemed price of $0.09 per Share. No finder’s fees will be paid on the Agreement.
Under the terms of the Agreement, G6 will issue a total of 3,333,333 Shares to the Licensor, each valued at $0.09 within thirty days after receipt of TSX Venture Exchange approval. The Company intends to utilize Section 2.12 of the National Instrument – Prospectus Exemptions, also referred to as the asset acquisition prospectus exemption, for the issuance of the Shares. These Shares will be subject to a statutory hold period of four months and one day, starting from the date of issuance of the Shares. The completion of this Transaction is contingent upon the approval of the TSX-V Exchange. Upon the payment of the Shares to the Licensor as consideration for the License, the Licensor will own an aggregate of 3,333,333 common shares of the Company or approximately 16.92% of the issued and outstanding common shares of the Company.
The Technology
The licensed graphene coating technology offers superior performance characteristics that will elevate G6's product portfolio and will be seamlessly integrated into G6's research and development initiatives, providing a solid foundation for future advancements in coatings technology.
Graphene coatings offer a myriad of benefits across various industries, making them a highly sought-after material. Their exceptional strength, flexibility, and conductivity make them ideal for applications in electronics, aerospace, automotive, and defense. Graphene coatings significantly enhance the durability and performance of products, leading to longer lifespans and reduced maintenance costs. Additionally, their thermal and electrical conductivity properties enable more efficient energy transfer and storage, contributing to improved energy efficiency and reduced environmental impact. Overall, the adoption of graphene coatings can lead to enhanced product quality, increased operational efficiency, and ultimately, greater customer engagement.
Guy Bourgeois, CEO of G6 commented, "G6 Materials is thrilled to announce the acquisition of the license for this cutting-edge graphene coating technology. This strategic decision underscores our commitment to revenue growth outlined in our corporate plan and positions us at the forefront of the rapidly evolving materials industry. We are excited about the possibilities this acquisition unlocks and the value it brings to our customers and shareholders."
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