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An update from Vejii Holdings Ltd. ( (TSE:STIF) ) is now available.
Plaid Technologies Inc. has issued a clarifying disclosure regarding its graphite and graphene technology following a review by the British Columbia Securities Commission. The company is in the process of transferring a patent application for expanded graphite technology, originally filed by Attimar S.A., to its name. However, the transfer is contingent on the settlement of a promissory note, posing a risk to the completion of this transfer. In the meantime, Plaid Technologies possesses the know-how to convert expanded graphite to graphene and disperse it in cement, which is crucial for its operations. The company expects its current graphene inventory to last for 18 months and will consider market purchases or production of additional graphene if necessary.
More about Vejii Holdings Ltd.
Plaid Technologies Inc. is focused on the development and commercialization of graphene-enhanced concrete technology. The company specializes in 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.
Average Trading Volume: 14,008
Technical Sentiment Signal: Buy
Current Market Cap: C$12.97M
Find detailed analytics on STIF stock on TipRanks’ Stock Analysis page.