On September 26, 2018 in New York Silk Road Group, Silk Tech Group LLC and Georgian Partnership fund on the one hand and Phi4 Incorporated/Phi4 Technology Sl, on the other hand have concluded a MoU that is setting out the general principles of cooperation in the field of development of a joint project regarding manufacturing plants, production facilities and/or operations centre for first of its type Graphene Batteries/Graphene Energy Storage Technologies to be built at various sites in Georgia.
The Parties declare their intention to carry out their efforts to start cooperation and consider all relevant information and proposals in short term period. Phi4 is engaged in identifying, developing and manufacturing in the Graphene Battery/Graphene Energy Storage sectors for sustainable, clean and smart technologies.
First Phi4 production plant was established in Spain. Georgia is considered to be next location for setting up another plant, taking into consideration the declared priorities of Government of Georgia to identify and support the development of the potential renewable and clean energy sources and environmentally friendly sustainable projects in Georgia. Graphene is an environment friendly, super-light, chemically inert and highly durable electric and heat conductor of revolutionary properties.
Addition of graphene improves battery materials significantly – increases their durability and energy storage capacity while making them much lighter. Graphene capacitors can store incredible amounts of energy, therefore combination of graphene batteries and capacitors render fantastic results, for example can increase electric car range and efficiency dramatically.
Silk Road Group will be a partner of Phi4 in Georgia. Georgian Partnership Fund, which has a history of partnering with Silk Road Group in a recently finalized Radisson Collection Tsinandali Hotel project, will participate as a financing entity. Silk Tech Group LLC was founded by Silk Road Group in the Silicon Valley as a joint venture with its American partner with the purpose of attracting innovation and hi-tech companies for establishing smart technology enterprises in Georgia.