Revenue Potential from the Partnership Exceeds $50,000,000 USD for Publicly Traded Premier Graphene

EL CENTRO, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Premier Graphene Inc. (OTC: BIEI) (“Premier”), HGI Industrial Technologies S.A. de P.I. de CV. (“HGI”), and Defense Atomics are pleased to announce a strategic partnership aimed at advancing the production and application of graphene in ballistic protection technologies. This collaboration brings together expertise from the three parties to meet the growing demand for superior, high-performance ballistic solutions.

As the demand for protective personal and tactical equipment continues to rise, especially among government entities, the need for innovative materials like graphene has become paramount to the advance of personal and tactical equipment, including for military, police and government entities. The partnership focuses on the feasibility studies and testing of hardware developed by Defense that integrates advanced graphene solutions for enhanced ballistic protection, ensuring compliance with the security protocols required for classified government contracts.

Gabe Vlad, Chief Executive Officer and Chief Technical Officer of Defense Atomics, emphasized the importance of this partnership: “Our focus is on providing the most advanced ballistic protection to our clients. By collaborating with Premier and HGI, we are confident that we can develop superior graphene solutions that meet our strict performance standards.”

The initiative will leverage Premier's U.S.-based chain of custody for graphene production and HGI's expertise in incorporating hemp as a key element for graphene manufacturing. These factors ensure that the resulting products align with the U.S. government's legal parameters and quality expectations for aerospace-grade ballistic protection and tactical gear. This contract is worth over 50 million dollars.

Both Premier and HGI possess proprietary intellectual property rights for the production of graphene, which has been essential for the development of advanced protective materials. The partnership aims to enhance existing production capabilities, offer competitive pricing and expand supply chains to meet the ongoing demand from Defense's expanding operations.

Through this collaboration, Defense anticipates commencing with the supply of 140,000 ballistic vests and providing full level IV ballistic protection for eight helicopters, with expectations for increased demand in subsequent years.

“In a rapidly evolving industry, collaboration is key to driving innovation,” said Pedro Mendez President of Premier. He continued, “We are excited to be at the forefront of this new venture, delivering cutting-edge graphene solutions that ensure the safety and protection of those who rely on our technologies. Separate from this initial contract, we are currently in initial conversations with a large government agency. The agency demonstrated a very keen and deliberate interest in our plans.”