Business
Canadian Government Invests in Elcora's Graphene Research and Development Centre
HALIFAX, NS / ACCESSWIRE / July 21, 2016 / Troy Grant, President and CEO of ELCORA ADVANCED ...
About this update from Elcora Advanced Materials Corp.
[{"type":"text","content":"Canadian Government Invests in Elcora's Graphene Research and Development CentreHALIFAX, NS / ACCESSWIRE / July 21, 2016 / Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (OTCQB: ECORF) (FSE: ELM), (the \"Company\" or \"Elcora\"), is pleased to announce that yesterday, July 20, 2016, Darrell Samson, Member of Parliament for Sackville-Preston-Chezzetcook, was in Bedford touring Elcora's new Graphene Research and Development (R&D) Centre. During his visit, MP Samson announced a $495,750 repayable contribution to the project through ACOA's Business Development Program (BDP). This support has assisted Elcora with purchasing equipment and completing renovations to its new R&D Centre, which is now up and running at full capacity. Funds are also being allocated to hire staff and conduct marketing activities.\nElcora will use its new R&D Centre to explore further applications of the raw material graphite, which is processed into graphene. Initially, the company is planning for small scale production of up to 100 kg of graphene per year. Current forecasts are to increase output to 10 tons per year within a few years. An integral component of Elcora's research and marketing will be working with application developers to use graphene in the commercialization of products. \nThe potential uses for graphene are virtually limitless, from bullet proof vests to water purification. Elcora is dedicated to electricity storage, specifically developing batteries for electric cars. That's why, on Wednesday, June 22, Elcora hosted the first North America stop of the 80eDays Electric Car Challenge. Eleven international race teams met at the new Graphene R&D Centre to be briefed on the route. This event helped to demonstrate that electric cars are a sustainable, reliable means of transportation. Elcora's scientists are dedicated to unlocking the full potential of graphene. They are creating a strong foundation of research to support new opportunities and discoveries that will help make Nova Scotia an international centre of interest for the development of graphene applications.\nThe Government of Canada and the governments of the four Atlantic Provinces are committed to working together to build a vibrant economic future for Atlantic Canada. Through the Atlantic Growth Strategy, they are focusing efforts and r...