Graphene 3D Lab $GGG Receives $500,000 Grant

Graphene 3D Lab(TSX.V: GGG) (OTCQB: GPHBF)

Graphene 3D Lab Inc. is pleased to announce that a grant of $500,000, awarded to the Graphene Laboratories Inc, a wholly owned subsidiary of the Company, by Long Island Regional Economic Development Council to help financing the renovation of the company’s new facility at Ronkonkoma, has been supported by the State of New York. The grant will also finance the acquisition of new equipment for the facility.

Early this year, the company was included in the strategic plan for economic development growth within the region prepared by LIREDC, titled “A Region in Motion”. In this document, LIREDC named relocation and expansion of production capacity of Graphene Laboratories Inc. as one of the priority projects recommended to receive financial support from the State of New York. This strategic plan was supported by New York State as confirmed in an announcement by Governor Andrew M. Cuomo during an Award Ceremony that was held in the city of Albany on December 13, 2017. The Long Island Region was identified as a Top Performer. and New York State awarded the Long Island Region $83.3M to fund the projects listed in the plan recommended by the LREDC. The Grant received by the Company is a part of this award.

“These awards are critical to building the foundations for New York’s future and ensuring that our economic momentum continues. I congratulate each of the Councils on their awards and look forward to continuing to partner to keep our communities vibrant and thriving for years to come.”

-Governor Andrew M. Cuomo