The firm hails from a bordertown inching near Minnesota, and Thunder Bay-headquartered ZEN Graphene Solutions Ltd. (TSX-Venture:ZEN) raised the roof with news it has been awarded a $1,000,000 grant that will accelerate ZEN's graphene-enhanced concrete research and development project.
The grant will potentially help ZEB achieve its goal to provide innovative cement-based composite products to the Ontario market by possibly early 2020.
ZEN is now developing a graphene-enhanced concrete additive in collaboration with the University of Toronto and the University of British Columbia-Okanagan campus that has the potential to increase the strength of concrete by 40%.
The graphene additive also has the potential to reduce the amount of concrete required in numerous concrete applications thereby contributing to greenhouse gas emission reductions by the concrete industry.
An official with the company said, "This $1,000,000 reimbursement grant will accelerate ZEN's innovation for graphene applications through game-changing research and a vibrant collaboration between industry and academia helping to launch the next generation of products and jobs.
Shares took on a penny, or 2.7%, to 38.5 cents, on volume of 149,000
