HydroGraph Clean Power Inc. announced that it has entered into a memo of understanding (MOU) signed May 13th, 2024, with Gulf Cryo LLC ("Gulf Cryo"), to collaborate in the production, distribution and selling of HydroGraph's pristine graphene to the Middle East region. Under the terms of the MOU, HydroGraph and Gulf Cryo will work together to assess the local market, as well as to identify placement and operation of a commercial-scale graphene production unit (Hyperion System??). HydroGraph will contribute technical, operational and application expertise while Gulf Cryo will bring the essential business development and operating resources.

The partnership will cover key markets in the region, among them the United Arab Emirates (U.A.E.), Bahrain, Oman, Qatar, Jordan and Egypt, and it will focus on the areas of lubricants, resins, bottling and concrete, with the planning and market assessment phases expected to last three to five months. The initial planning and market assessment phases will focus on: Composites, plastics and resins (including bottling): HydroGraph's graphene has been shown to increase the yield strength by over 18% and increase breakage strength by over 100%. This will result in bottles using 20% less plastic, consuming 20% less energy to produce and substantially reduce distribution costs.

These are all valuable features for the region's robust petrochemical industry and growing use of composites, plastics and resins. Lubricants: HydroGraph's engineered graphene mixed in with lubricants, both grease and oils, has shown to decrease the coefficient of friction by 70% (lowers resistance between moving parts), reduce wear by 80% and extend the life of the lubricant by over 24 times. The region's lubricant market will benefit from longer product life (less oil changes, less machinery downtime) with less wearing of mechanical components.

Cement and concrete: Third-party tests confirm that HydroGraph's graphene improves compressive strength by over 24%. This is a major benefit for the region, which is experiencing significant infrastructure growth. HydroGraph's graphene also will reduce the amount of aggregate material and water required in concrete and shorten the curing period for both cement and concrete.