Zentek Provides Update on International Opportunities
Zentek (NASDAQ:ZTEK) has signed a Memorandum of Understanding with Al-Ramez International Group through Saudi Excellence Holding Company to establish a strategic partnership in Saudi Arabia and the MENA region. The collaboration aims to develop a graphene production facility focusing on ZenGUARD™ technologies and create a commercialization hub for Zentek's technologies.
The partnership encompasses multiple objectives, including advancing Triera Biosciences' aptamer technology, developing the Albany Graphite Deposit, and establishing research facilities in conjunction with Saudi universities. Additionally, Zentek has been accepted into the World Trade Centre Toronto's Trade Accelerator Program to support its international expansion efforts.
Zentek (NASDAQ:ZTEK) ha firmato un Memorandum of Understanding con Al-Ramez International Group tramite Saudi Excellence Holding Company per stabilire una partnership strategica in Arabia Saudita e nella regione MENA. La collaborazione mira a sviluppare una struttura di produzione di grafene focalizzata sulle tecnologie ZenGUARD™ e a creare un centro di commercializzazione per le tecnologie di Zentek.
La partnership comprende molteplici obiettivi, tra cui il progresso della tecnologia aptamerica di Triera Biosciences, lo sviluppo del deposito di grafite di Albany e l'istituzione di strutture di ricerca in collaborazione con le università saudite. Inoltre, Zentek è stata accettata nel Programma di Accelerazione Commerciale del World Trade Centre di Toronto per supportare i suoi sforzi di espansione internazionale.
Zentek (NASDAQ:ZTEK) ha firmado un Memorando de Entendimiento con Al-Ramez International Group a través de Saudi Excellence Holding Company para establecer una asociación estratégica en Arabia Saudita y la región MENA. La colaboración tiene como objetivo desarrollar una instalación de producción de grafeno centrada en las tecnologías ZenGUARD™ y crear un centro de comercialización para las tecnologías de Zentek.
La asociación abarca múltiples objetivos, incluyendo el avance de la tecnología de aptámeros de Triera Biosciences, el desarrollo del Depósito de Grafito de Albany y el establecimiento de instalaciones de investigación en conjunto con universidades sauditas. Además, Zentek ha sido aceptada en el Programa de Aceleración Comercial del World Trade Centre de Toronto para apoyar sus esfuerzos de expansión internacional.
젠텍 (NASDAQ:ZTEK)은 사우디 엑셀런스 홀딩 컴퍼니를 통해 알-라메즈 인터내셔널 그룹과 협약서를 체결하여 사우디 아라비아 및 MENA 지역에서 전략적 파트너십을 구축했습니다. 이 협업은 젠가드™ 기술에 중점을 둔 그래핀 생산 시설을 개발하고 젠텍 기술을 상용화하는 허브를 만드는 것을 목표로 합니다.
이번 파트너십은 트리에라 바이오사이언스의 아프타머 기술을 발전시키고, 올버니 그래파이트 매장지 개발 및 사우디 대학과 협력하여 연구 시설을 구축하는 등의 다양한 목표를 포함하고 있습니다. 또한, 젠텍은 국제 확장 노력을 지원하기 위해 토론토 월드 트레이드 센터의 무역 가속기 프로그램에 참여하게 되었습니다.
Zentek (NASDAQ:ZTEK) a signé un protocole d'accord avec Al-Ramez International Group par l'intermédiaire de Saudi Excellence Holding Company pour établir un partenariat stratégique en Arabie Saoudite et dans la région MENA. La collaboration vise à développer une installation de production de graphène axée sur les technologies ZenGUARD™ et à créer un centre de commercialisation pour les technologies de Zentek.
Ce partenariat englobe plusieurs objectifs, notamment l'avancement de la technologie des aptamères de Triera Biosciences, le développement du gisement de graphite d'Albany et l'établissement d'installations de recherche en collaboration avec des universités saoudiennes. De plus, Zentek a été acceptée dans le programme d'accélérateur commercial du World Trade Centre de Toronto pour soutenir ses efforts d'expansion internationale.
Zentek (NASDAQ:ZTEK) hat ein Memorandum of Understanding mit der Al-Ramez International Group über die Saudi Excellence Holding Company unterzeichnet, um eine strategische Partnerschaft in Saudi-Arabien und der MENA-Region aufzubauen. Die Zusammenarbeit hat das Ziel, eine Grafenproduktionsstätte mit Fokus auf ZenGUARD™-Technologien zu entwickeln und ein Kommerzialisierungszentrum für die Technologien von Zentek zu schaffen.
Die Partnerschaft umfasst mehrere Ziele, darunter die Weiterentwicklung der Aptamertechnologie von Triera Biosciences, die Entwicklung des Albany-Grafitvorkommens und die Einrichtung von Forschungseinrichtungen in Zusammenarbeit mit saudischen Universitäten. Darüber hinaus wurde Zentek in das Handelsbeschleunigungsprogramm des World Trade Centre Toronto aufgenommen, um ihre internationalen Expansionsbemühungen zu unterstützen.
- Strategic partnership to enter Saudi Arabia and MENA markets
- Plans to develop a world-class graphene production facility
- Potential for exclusive rights and joint ventures in the region
- Access to new market channels through Al-Ramez International Group's network
- Acceptance into Trade Accelerator Program for international expansion
- None.
Insights
The MOU with Al-Ramez International Group represents a strategic move into the lucrative MENA market, but several factors warrant caution. While Saudi Arabia's Vision 2030 initiative and its focus on green technology present significant opportunities, MOUs are non-binding agreements that often fail to materialize into concrete deals. The proposed graphene production hub and commercialization initiatives could potentially tap into Saudi Arabia's
The Trade Accelerator Program participation indicates a structured approach to international expansion, particularly in life sciences. However, the company's small market cap of
The proposed graphene production facility and commercialization hub could significantly advance Zentek's technological footprint. The focus on ZenGUARD™ technologies and aptamer development shows promise in diversifying beyond basic graphene production. The strategic investment in the Albany Graphite Deposit is particularly noteworthy, as it could position Zentek as a key player in the EV battery supply chain, especially given the growing demand for graphite in lithium-ion batteries.
However, establishing world-class production facilities and R&D centers requires substantial technical expertise and capital investment. The success of this venture will heavily depend on technology transfer capabilities and the ability to maintain quality control across international operations. The partnership's emphasis on both graphene production and biotechnology applications indicates an ambitious but potentially unfocused approach.
GUELPH, ON / ACCESSWIRE / December 12, 2024 / Zentek Ltd. (" Zentek "or the " Company ") (NASDAQ:ZTEK)(TSXV:ZEN), an intellectual property development and commercialization company, has signed a Memorandum of Understanding ("MOU") with Al-Ramez International Group - through Saudi Excellence Holding Company - establishing a strategic partnership to drive innovation and commercialization in advanced technologies across the Kingdom of Saudi Arabia ("KSA") and the Middle East and North Africa ("MENA") region on November 14 th 2024.
Memorandum of Understanding Overview
The MOU outlines a collaborative framework where Zentek intends to contribute intellectual property, product licensing, and research and development expertise, whileAl-Ramez International Group intends to provide marketing support, investor relations, financing, and access to the KSA and MENA market. Together, the parties aim to achieve several key objectives:
Graphene Production Hub: Develop a world-class graphene production facility in the KSA focusing on ZenGUARD™ technologies for distribution in the KSA and across the MENA region.
Commercialization Hub: Establish a centralized hub for the commercialization of Zentek's current and future graphene technologies.
Biotechnology Expansion: Support local research and production initiatives by advancing and commercializing Triera Biosciences Ltd.'s ("Triera") multivalent aptamer technology for rapid drug discovery within the KSA and MENA region.
Strategic Investment in Resources: Facilitate investment and development of the Albany Graphite Deposit to support the North American supply chain for advanced materials, including anode material for the electric vehicle market.
Aptamer Research and Development: Secure funding for Triera to establish and expand aptamer research and development in conjunction with a Saudi university and private sector partners and build a production facility for the KSA and MENA region.
This MOU, a direct result of the groundwork laid during trips to the United Arab Emirates and Saudi Arabia, reflects the shared vision of fostering advanced, efficient, and affordable solutions to meet the needs of industries and institutions across the region. The potential partnership also considers exclusivity and joint ventures related to the Company's opportunities that may also position Al-Ramez International Group as a key equity partner. The Company believes this potential partnership could be a significant step toward successfully commercializing many of its opportunities and creating benefits for both parties.
"We are very excited to be collaborating with Sheik Abdullah Zaid Al-Meleihi and the Al-Ramez International Group to bring the Zentek platform to the KSA and MENA region. The vast reach, track record, relationships and vision for the future of this group will provide a tremendous partnership opportunity for Zentek in the region. Our Company has the potential to play a significant role in the Saudi Green Initiative Vision 2030 as the Kingdom looks to reduce its carbon footprint through significant investments in new technologies," said Greg Fenton, Zentek CEO.
International Expansion and Export Strategy
To support these and other international business opportunities, the Company has applied for and been accepted into the World Trade Centre Toronto's Trade Accelerator Program (TAP) | Life Sciences Commercialization for Global Success.
The TAP program focuses on the following areas:
Understanding key concepts in medical technology commercialization for international markets
Ensuring products meet healthcare needs while demonstrating clear value
Validating target markets and creating a comprehensive export plan to guide global commercialization efforts
Establishing profitable entities that serve both local and global customer bases
About Zentek Ltd.
Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the Company's commercial partners a competitive advantage by making their products better, safer, and greener.
Zentek's patented technology platform ZenGUARD™ is shown to have enhanced viral filtration efficiency for surgical masks and HVAC (heating, ventilation, and air conditioning) systems. Zentek's ZenGUARD™ production facility is located in Guelph, Ontario.
For further information on Zentek:
investorrelations@zentek.com
Ryan Shacklock
Senior VP, Strategy & Business Development
Email: rshacklock@zentek.com
Phone: 306-270-9610
To find out more about Zentek, please visit our website at www.Zentek.com . A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR+ profile at http://www.sedarplus.ca/ .
Forward-Looking Statements
This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Zentek Ltd.
View the original press release on accesswire.com
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