(TheNewswire)
Vancouver, British Columbia– September 3, 2025 – TheNewswire -As a result of a review by the British Columbia SecuritiesCommission (“BCSC”),
Plaid Technologies Inc. SSTIF (OTC Pink: VEJIF) (“Plaid” or the “Company”) is issuing this newsrelease to clarify prior disclosure regarding its graphite/graphenetechnology, related intellectual property and supply plans.
Clarifications Regarding Technology and
Patent Application
-
Patent applicant for expanded graphite
technology. The Company’s
referenced Italian patent application #102023000020769 relates to the
production of expanded graphite (the “Expanded Graphite
Technology”). For clarity,
expanded graphite is not graphene. Graphene is a distinct material
produced from expanded graphite (or other precursors) using additional
processes. The Company also notes that Attimar S.A.
(“Attimar”) is the
original patent applicant for technology relating to the production of
expanded graphite and that the Company is not the original applicant.
The process of transferring the patent application to the Company is
underway.
-
Company know-how to convert expanded
graphite to graphene. Independently
of the patent application, the Company, through its management and Mr.
Michael Turner, collectively possesses know-how and expertise (the
“Graphene Conversion Technology”) capable of producing graphene
from expanded graphite.
-
Company know-how to disburse graphene.
Independently of the patent
application and the Graphene Conversion Technology, the Company,
through its management and Mr. Turner, also collectively possesses
know-how and expertise (the “Graphene Dispersion
Technology”) for the uniform
dispersion of graphene in cement, to improve performance of cement for
specific purposes.
Graphene Inventory and Supply Plan
The
Company expects its current graphene inventory to support operations
for approximately the next 18 months based on present assumptions and
usage forecasts. As inventory nears depletion, the Company will
evaluate: (i) purchasing additional graphene on the market; or (ii)
producing additional graphene by applying the Expanded Graphite
Technology together with the Company’s Graphene Conversion
Technology.
Risk Regarding Patent Application
Transfer
Transfer conditionality. Attimar was the original patent
applicant. Attimar subsequently sold its patent application to Future
Investments Holding OU (“FIHO”) who then sold same to the
Company. As consideration for the purchase, FIHO issued a promissory
note in favour of Attimar, which the Company understands remains
outstanding. While the promissory note issued by FIHO in favour of
Attimar remains outstanding, there is a risk that Attimar may not
transfer the patent application to the Company unless the promissory
note owing by FIHO to Attimar is paid in full. There is no assurance
that such payment will be made or that the transfer will be completed
on the terms contemplated or at all.
Potential impacts. If the patent application is not
transferred, the Company would continue to rely on (a) its existing
graphene inventory and Graphene Conversion Technology, and/or (b)
market purchases of graphene. This could affect timing, cost and
availability of future graphene supply.
About the Company
The
Company focuses on the development and commercialization of
graphene-enhanced concrete technology. Its business includes refining
proprietary technology for the uniform dispersion of graphene in
cement, and advancing a patent application related to the production
of expanded graphite for industrial use.
On Behalf of the Board of Directors
“Guy Bourgeois”
Guy Bourgeois
Director & Chief Executive Officer Telephone: 1-800-585-7517
Email: info@plaidtechnologiesinc.com
The Canadian Securities Exchange has neither approved nor disapprovedthe contents of this news release. Neither the CSE nor its MarketRegulator (as that term is defined in the policies of the CSE) acceptsresponsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
laws, including statements about: (i) the expected duration of the
Company’s graphene inventory; (ii) potential purchase or production
of additional graphene; and (iii) the potential transfer of the patent
application. Such statements reflect management’s current
expectations and assumptions, including with respect to demand,
production yields, regulatory and market conditions, access to raw
materials and equipment, and the performance of the Company’s
Graphene Conversion Technology and Graphene Dispersion
Technology.
Forward-looking information is subject to risks
and uncertainties that could cause actual results to differ
materially, including risks relating to supply chain and procurement,
technology scale-up and commercialization, intellectual property
protection and transfer (including the risk that transfer of the
patent application may not occur unless a promissory note issued by
FIHO to Attimar is paid), counterparty performance, regulatory
matters, capital markets, and general economic conditions. Additional
risk factors are described in the Company’s management’s
discussion and analysis available under the Company’s profile on
SEDAR+. There can be no assurance that the events or results expressed
or implied in any forward-looking information will occur.
Forward-looking information is provided as of
the date of this release, and the Company undertakes no obligation to
update or revise it except as required by law.
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