CARBON SCIENCES, INC. (OTCMKTS:CABN) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.
As previously reported in a Current Report on form 8-K filed by Carbon Sciences, Inc. (the “Company”) with the Securities and Exchange Commission on September 8, 2017, the Company reported that it had entered into a term sheet with Glanz, Inc. dba Corner Media, a Delaware corporation (“Glanz”) pertaining to the purchase of Glanz’s assets (the “Glanz Transaction”). On October 16, 2017, the Company determined not to proceed with the Glanz Transaction.
About CARBON SCIENCES, INC. (OTCMKTS:CABN)
Carbon Sciences, Inc. is a development-stage company. The Company is engaged in researching and developing graphene-based technologies and devices. It focuses on licensing its graphene manufacturing processes and device designs to other companies. Graphene can enable applications, such as bendable touchscreen displays, rapid charge batteries, super-capacitors, low cost solar cells, extreme high-speed semiconductors and biosensors, as well as water purification. The Company was formed to develop a new graphene-based optical modulator, which is a fiber optics component needed to help unclog the existing bottlenecks and enable communication in data centers for Cloud computing. By exploiting the natural optical and electrical properties of graphene, it intends to develop the fiber optics components that are low power and low cost. The Company has not generated any revenues.