VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) — Reflex Advanced Materials Corp. RFLX RFLXF HF (“reflex” or the “Pursue“), is pleased to announce that it has agreed to enter into an underwriting agreement and strategic investment in Bio Graphene Solutions Inc. (“BGS“). BGS is a private nanotechnology company focused on the production of high-quality graphene. As part of the strategic investment in BGS, Reflex expects to benefit from collaborating with BGS on potential cross-development projects that include research into downstream applications that complement any graphite material derived from the Company’s ruby-graphite project.

Graphene is an allotrope of carbon and is generally defined as ten layers of carbon or fewer. As a performance additive, graphene has the ability to dramatically improve the properties of various end materials including strength, conductivity, flexibility and permeability in various products and applications. Graphene’s versatility enables excellent results and value creation in a range of commodity-based and specialty industries, from asphalt, concrete and plastics to electronics, biomedicine and energy storage.

BGS has developed a proprietary process to produce high-quality and cost-effective graphene from 100% organic starting materials via a scalable cleantech production process – making it an attractive partner for companies looking to integrate nanotechnology into their product portfolio and existing supply chain. BGS has already demonstrated significant value of its technology as one of the first companies to successfully introduce graphene as a liquid additive for use in commercial ready mix concrete, reducing the need for cement in select commercial mix designs by more than 15%. BGS also works with well-known product development partners in various industries who are exploring the use of graphene to complement existing technologies for other high-value…