Zenyatta Ventures, a Canadian graphite explorer, has formed a wholly owned European subsidiary company named ZEN-tech Materials to focus on the development and commercialization activities of graphene applications and the allocation of any associated intellectual property and worldwide licensing.
Zenyatta stated that the formation of ZEN-tech is a strategic move that will provide it with a way to capture value and advance graphene application development separate from the mineral development business. Zenyatta will continue to focus on advancing the Albany graphite deposit towards production and will supply highly crystalline, purified graphite to ZEN-tech, academics and end users.
The technology pipeline for ZEN-tech, as explained by Zenyatta, will include graphene applications for concrete composites, rubber composites, sensors, filtration, emulsions and silicon-graphene batteries. The formation of a subsidiary will help facilitate and focus the integration of Zenyatta graphene into the next generation of commercial technologies, providing various industries with advanced materials that have improved performance.
By locating in UK, ZEN-tech will be able to tap into the extensive resources available there and will be on the leading edge of the developments in this new and fast growing materials sector. The subsidiary will operate independently of Zenyatta and will be assembling an expert management team once the structure is in place.