Graphene 3D Lab has announced that a grant of $500,000, awarded to the Graphene Laboratories (a wholly owned subsidiary of the Company) by Long Island Regional Economic Development Council (LIREDC) to help finance 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.

When announcing the award, NY's Governor said: “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.”