HydroGraph Clean Power Raises Close to a Million Dollars in Insider Management Stocks
HydroGraph Clean Power has successfully raised $4.2M, with executive leadership contributing over $700,000, demonstrating strong commitment. The company, now certified as a Verified Graphene Producer®, is enhancing production at its manufacturing facility, aiming for a modular system capable of producing over 10 metric tons of graphene annually by Q4 2022. Additionally, HydroGraph has entered a Marketing Services Agreement with D2I for $450,000 and 500,000 share options to bolster brand promotion. Their patented process emphasizes eco-friendly graphene production.
- Executive leadership's contribution of $700,000 reflects strong confidence in the company's vision.
- Certification as a Verified Graphene Producer® enhances credibility and market positioning.
- Expansion of production capabilities to over 10 metric tons annually by Q4 2022.
- None.
TORONTO, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Of the
The validation follows recent certification by The Graphene Council as a Verified Graphene Producer®. HydroGraph is currently the third company to be certified globally and the only company in the Americas to be certified.
HydroGraph is increasing commercial scale production at its 13,000 square foot manufacturing facility through the development of a modular commercial production cell for fractal graphene. The unit will have a cell foot print of 4m2 that will produce over 10 metric tons annually, expected to be complete by 4Q 2022.
"The
The Company’s patented Hyperion detonation process achieves consistent, high-quality graphene produced in an environmentally friendly method, due to its low energy consumption and absence of emissions.
Marketing Services
HydroGraph has also, effective on October 6, 2022, entered into a four-month service agreement (the "Marketing Services Agreement") with Direct To Investor Media, LLC ("D2I"), which will provide the company with consulting, advertising, media, email, and creative services for the purpose of advertising and promoting HydroGraph and its brand. Pursuant to the Marketing Service Agreement, HydroGraph has agreed to pay to D2I a total of
Contacts:
Kjirstin Breure, President and Director
kjirstin@hydrograph.com
604-220-3120
HydroGraph Media Contact
Kristin Schaeffer
kristin@amfmediagroup.com
About HydroGraph
HydroGraph Clean Power Inc. was founded in 2017 to fund and commercialize green, cost-effective processes to manufacture graphene, hydrogen and other strategic materials in bulk. Publicly listed on the Canadian Securities Exchange Dec. 2, 2021, the Company acquired the exclusive license from Kansas State University to produce both graphene and hydrogen through their patented detonation process. More information about the Company and its products can be found on the HydroGraph website. www.hydrograph.com/
For company updates, please follow Hydrograph on LinkedIn and Twitter.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Forward-Looking Statements
This release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", “upon” "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information include, but are not limited to: the use of the net proceeds from the previously announced private placement, anticipated benefits resulting from the Marketing Services Agreement, the future exercise of the Options, ability to successfully increase commercial scale production at its manufacturing facility, and the timing thereof, and the Company’s business plans and strategies.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraph’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraph’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
FAQ
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