Daniel Stolyarov, the President and co-CEO commented: "We are pleased to receive such strong support from our shareholders. With the warrant proceeds, the Company is starting the year of 2018 with solid cash position. Together with $500,000 grant that we received from the State of New York in December 2017, these funds will allow our company to accomplish expeditiously the relocation of operations to the new facility, establish better infrastructure, install industrial scale equipment, and increase production for rapid growth of Graphene 3D Lab's business."