GSTX Announces Acquisition of Leading Edge Advanced Thin-Film Technology Development Corporation, Purchasing 120 International Israeli SA Patents for US$ 47 Million

Rhea-AI Summary

Graphene & Solar Technologies, Ltd. (GSTX) has acquired a patented thin-film technology development corporation for $47 million. This acquisition includes 120 patented technologies for new solar applications and a proprietary air-to-water harvester. A new subsidiary, US Thin-Film Corporation, will manage these assets. The thin-film solar technology promises to produce lightweight, transparent solar panels, while the water harvester aims to supply clean water effectively using energy-efficient systems. The water harvester units will be priced between $5,000 and $8,000.

Positive

• Acquisition of 120 patented technologies enhances GSTX's product offerings.
• Formation of US Thin-Film Corporation to manage exclusive intellectual rights.
• Introduction of lightweight, transparent solar panels could expand market reach.
• The water harvester technology addresses clean water needs, presenting a new revenue stream.

Negative

• None.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Graphene & Solar Technologies, Ltd. announces the acquisition of a Patented Thin-Film Technology development corporation for new thin-film Solar applications and patented 5G EMF network integrity, and a new GSTX developed Air-to-Water Harvester, utilizing a unique solid-state air to water extraction device, which GSTX plans for world-wide distribution. GSTX purchased 120 internationally registered, patented technologies and “thin-film” applications from Cima NanoTech, in Israel.

Following the US $47 million purchase, a new USA subsidiary was formed to hold the assets, “US Thin-Film Corporation (USTC)”. Thin-film solar applications are a recent solar industry innovation which when combined with emerging Nanotech Solar applications have significantly advanced Solar industry technologies. Transparent and flexible seamless, light-weight solar panels will largely replace existing cumbersome, metal-framed solar installations in buildings around the world.

The Water Extraction device is designed to supply clean water for outdoor locations, or an entire household. The unit is capable of being installed in water harvester farms of parallel units. The GSTX proprietary Water Harvester technology system that will operate efficiently on electrical, solar and/or battery power systems, uses an active cooling system utilizing modern, energy-efficient control systems, energy-efficient cooling, and the system is designed to efficiently maximize energy use. A basic Water Harvester Unit sales cost will be US$ 5,000 to US$ 8,000 approximately, with a service life of 10+ years.

U.S. Thin Film Corporation (USTFC) is a US Company, and a 100% owned GSTX subsidiary that now owns the exclusive Intellectual rights to an advanced Patent Portfolio of 120 high-level, internationally registered engineering patents. These were originally developed in Israel but are now entirely owned by GSTX. The patents cover the production of Transparent Conductive Thin Films (TCF).

About Graphene

GSTX is a leading-edge high-tech developer of Renewable Alternative Energy systems. GSTX is the sole owner of the exclusive rights to two rare High Purity Quartz mineral deposits (15 million tons) utilized as feedstock for the manufacture of PV solar cells and all electronics and semiconductor production materials.

Forward-Looking Statements

All statements in this release that are not strictly historical facts are "forward-looking statements." Forward-looking statements are based on SQTX’s current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause SQTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005468/en/

GSTX -Contact: Roger May – 1-844-301-4000

Source: Graphene & Solar Technologies, Ltd.

FAQ

What recent acquisition did GSTX announce?

GSTX announced the acquisition of a patented thin-film technology development corporation for $47 million.

How many patents did GSTX acquire?

GSTX acquired 120 internationally registered patents related to thin-film technologies.

What is the purpose of the air-to-water harvester developed by GSTX?

The air-to-water harvester is designed to supply clean water for outdoor locations or entire households.

What is the estimated cost of the water harvester unit?

The estimated cost of the water harvester unit ranges from $5,000 to $8,000.

What subsidiary did GSTX form as part of the recent acquisition?

GSTX formed the US Thin-Film Corporation to hold the new assets.