Grafoid Inc.



Grafoid Inc.

November 26, 2012 16:53 ET

Grafoid Inc. Announces R&D Agreement With Hydro-Quebec's IREQ for Next Generation LFP-Graphene Batteries

OTTAWA, ONTARIO--(Marketwire - Nov. 26, 2012) - Grafoid Inc., a privately owned graphene development company announced today the signing of the three-year research and development agreement with Hydro-Québec's Research Institute for the development of next generation rechargeable batteries using graphene with lithium iron phosphate materials.

Grafoid President and CEO Mr. Gary Economo announced the signing of the joint R&D agreement with Dr. Karim Zaghib, Director Storage and Conversion of Energy at Hydro-Québec's research and development division, l'Institut de recherche d'Hydro-Québec (IREQ).

The 50-50 collaborative agreement sets out terms with the objective of creating patentable inventions by combining graphene, supplied by Grafoid, with Hydro-Québec's patented lithium iron phosphate technologies.

Two key, specific commercial target markets - the rechargeable automobile battery sectors and batteries for mobile electronic devices used in smartphones, computing tablets and laptop computers - were identified in the agreement.

Hydro-Québec will study Grafoid's graphene conductivity, electrochemical performance and its effects in electrode formulations, electrolyte and separator optimizations. Detailed characterizations of Grafoid's supplied materials will be undertaken at IREQ's cutting edge facilities using its advanced electron microscopy, spectrographic and other in-house technologies.

Hydro-Québec will also supply lithium iron phosphate materials and its electrochemistry know how which it acquired under license from famed American inventor Dr. John Goodenough.

Grafoid, in addition to providing graphene materials, brings knowledge acquired during its own development of functionalized graphene and its experience in proving graphene's economic scalability.

"This agreement is noteworthy for numerous reasons," said Mr. Economo.

"This is our first major graphene collaboration with a Quebec and a Canadian global giant in renewable energy research and development. And the source of our graphene is Focus Graphite's Lac Knife, Quebec technology graphite deposit.

"Commercially, and ultimately, our technology development partnership with Hydro-Québec aims to produce high capacity, LFP-graphene batteries with ultra short charging times and longer recyclable lifetimes," Mr. Economo said.

He said the parties chose to focus their collaboration on LFP-graphene batteries and materials because of their short-term-to-market potential.

About Grafoid Inc.

Grafoid, Inc. is a privately held Canadian corporation investing in graphene applications and economically scalable production processes for graphene and graphene derivatives from raw, unprocessed, graphite ore. Focus Graphite Inc., (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) holds a 40% interest in Grafoid Inc.

About IREQ

Hydro-Québec's research institute, IREQ, is a global leader in the development of advanced materials for battery manufacturing and creates leading edge processes from its state of the art facilities. IREQ holds more than 100 patent rights and has issued over 40 licenses for battery materials to some of the world's most successful battery manufacturers and materials suppliers. Its areas of expertise include energy storage and IREQ is a lead partner with private sector companies in Québec to build EV and HEV charging stations in support of its technology developments. Its material development contributions are helping to develop safe, high-performance lithium ion batteries that can be charged more quickly and a greater number of times. IREQ promotes open innovation and partners with private firms, universities, government agencies and research centers in Québec and abroad. Its partnerships allow IREQ to develop, industrialize and market technologies resulting from those innovation projects.

About Hydro-Québec

Hydro-Québec is Canada's largest electricity producer among the world's largest hydroelectric power producers and a public utility that generates, transmits and distributes electricity. Its sole shareholder is the Québec government. It primarily exploits renewable generating options, in particular hydropower, and supports the development of wind energy through purchases from independent power producers. Its research institute, IREQ, conducts R&D in energy efficiency, energy storage and other energy-related fields. Hydro-Québec invests more than $100 million per year in research.

Contact Information

  • Grafoid Inc.
    Mr. Gary Economo
    President and CEO
    613-691-1091 ext. 101
    gary@grafoid.com