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CVD And Graphene Batteries Sign Joint IP Development Agreement

CVD Equipment Corporation (Nasdaq: CVV) and Graphene Batteries AS announced today the signing of a Joint Intellectual Property Development Agreement for the development of NanotoMacro™ binder-less lithium battery electrodes and related novel battery designs. The companies believe that this collaborative relationship will help expedite the commercialization of enhanced lithium battery technology.

Leonard A. Rosenbaum, President and CEO of CVD Equipment Corporation (“CVD”) stated, “This agreement represents another step forward in implementing our vision to enable the acceleration of the commercialization of nano materials. In particular it enables us to combine our 30+ years of equipment design, nano material growth and processing expertise with Graphene Batteries’ knowledge in lithium batteries. This agreement leverages the individual strength of both companies and enables a cost efficient exploration of lithium battery technology innovations. CVD anticipates similar collaborative agreements with companies and universities regarding other nano material applications.”

“We are happy to be able to combine forces with CVD,” stated Rahul Fotedar, CEO of Graphene Batteries AS. “We expect that our graphene battery core technology can be further enhanced with the material processing knowledge from CVD and result in higher performance materials.”

Dr. Rune Wendelbo, Graphene Batteries’ CTO, who will lead the design and testing of the respective lithium battery technology innovations, added, “The binder-less NanotoMacro™ electrode manufacturing technology of CVD may enable the design and manufacturing of an electrode with a higher energy density, a 30% cost reduction, an enhanced charging time and a longer lifetime.”

Dr. Karlheinz Strobl, V.P. of Business Development of CVD noted: “While we are developing a growing number of material processing capabilities in our application laboratory we need the focus and expertise of application specific specialists to drive the innovation. With Graphene Batteries’ contribution in material testing, we will be able to optimize our novel NanotoMacro™ binder-less electrode capability for lithium battery applications at a faster pace.”

About Graphene Batteries AS. Inc.

Graphene Batteries, AS is a privately held Norwegian corporation developing advanced material solutions for the battery industry. Graphene Batteries is engaged in development of safe and durable graphene based high energy battery materials. Our strategy is to build a key technology IP-portfolio for future licensing and production.

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