Outperformance categories:
- Rolling resistance
- Braking/grip on wet and ice roads
- Abrasion resistance
TSX-V: GRAT
TORONTO, Oct. 29, 2019 /CNW/ - Gratomic Inc.
("Gratomic" or the "Company") (GRAT:TSXV)
(CB81:FRA; WKN:A143MR) a vertically
integrated graphite to graphenes, advanced materials development
company announces the receipt of positive results from extensive
testing of its graphene enhanced tires, versus globally recognized,
premium brand tires. The Company believes these results represent a
breakthrough in tire technology that warrants deployment into the
global tire market.
THE TESTING PROGRAM
The 18 month development program included a 6-month terrain
test in which graphenes enhanced tires ("Gratomic Tires") and
premium tires from a globally recognized 'household name' brand
("Brand Tires") were fitted to high mileage, commercial light
vehicles, which primarily travelled on A and B roads within the UK.
Performance of the tires was data logged throughout the entire test
period.
THE RESULTS
The results of the road test concluded the Gratomic Tires,
enhanced with surface engineered graphenes, produced a greater than
30% increase in wear resistance over the competing Brand Tires,
equating to an additional +30% mileage before the tire was needed
to be replaced.
Furthermore, the results of testing carried out by industry
experts employing industry standard dynamic mechanical analysis
(DMA) showed a significant improvement in rolling resistance, which
indicated a greater than 30% improvement in fuel economy
(increased MPG).
Finally, the results showed a greater than a 40% improvement in
both wet and ice braking.
"The initial 6-month competitive terrain testing program has
demonstrated the economic benefits and advantages of including
Gratomic's graphite surface modified graphene fillers within tire
elastomers," said Ian Walters, COO
Director of Perpetuus Carbon Technology ("Perpetuus"). Mr. Walters
went on to say, "The Gratomic tires provided significantly improved
performance when compared not only to mass market tires but also
premium brand tires. I can confirm that Perpetuus scientists
supervised all independent third-party industry expert performance
analysis and also the data logged road testing exercise."
MARKET IMPLICATIONS
"We see these results as a breakthrough in tire technology and
safety. We look forward to deploying nano-engineered graphenes
enhanced passenger and light commercial tires into the global tire
market," said Gratomic Chairman and Co-CEO, Sheldon Inwentash.
Mr. Ricketts, proprietor of the test vehicles stated, "We have a
fleet of vans delivering parts, 6 days a week, in all weathers and
on all types of roads. The data collected during the exercise
surpassed our expectations and has shown that Gratomic tires
outlasted the premier brand tires. Potentially, we could make a 40%
saving on our annual tire budget, and that's a lot of money." Mr.
Rickard is the proprietor of a fleet of light commercial vehicles
who collaborated in the vehicle performance testing.
Further to the Company's press release of January 16, 2019, Perpetuus and Gratomic have a
collaboration agreement pursuant to which Gratomic provides
graphite from its Aukam project for processing by Perpetuus at its
dedicated facility, using its patented plasma process, to produce
Hybrid Graphenes (less than 10 layers) to be included in elastomers
for tire construction for the development of Graphene Ultra Fuel
Efficient Tires (GUET).
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to
market commercialization of graphite products most notably high
value graphene based components for a range of mass market
products. We have a JV collaborating with Perpetuus Carbon
Technology, a leading European manufacturer of
graphenes, to use Aukam graphite to manufacture graphene products
for commercialization on an industrial scale. The Company is
listed on the TSX Venture Exchange under the symbol GRAT.
"Neither 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."
FORWARD LOOKING STATEMENTS: This news release
contains forward-looking statements, which relate to future events
or future performance and reflect management's current expectations
and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to the Company. Investors are
cautioned that these forward-looking statements are neither
promises nor guarantees and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date
hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings
with SEDAR in Canada (available
at www.sedar.com).
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SOURCE Gratomic
