On August 10, 2026, Premier Graphene Inc. (OTC: BIEI) announced that it had posted its first profitable quarter in corporate history. The announcement came from Mexico City, where the company and its strategic partner, HGI Industrial Technologies S.A.P.I., issued a joint press release.

The release attributes profitability to disciplined operational execution, strategic partnerships, and the successful fulfillment of completed contracts. President Pedro Mendez said the company’s revenue exceeded operating costs for the quarter, a result he credits to the business model he has built and refined. The company also indicated that it expects the third quarter to be even more profitable.

Premier Graphene’s focus is the commercialization of advanced materials, particularly graphene technologies, for industrial, aerospace, and manufacturing applications. The partnership with HGI, a Mexican firm that specializes in advanced materials and industrial solutions, is central to its strategy. The joint venture has been described as a vertically integrated graphene company that combines proprietary graphene production with manufacturing capabilities.

According to the release, the company’s contracts are confidential, so specific customer names or contract values are not disclosed. However, it has completed several contracts that demonstrate its ability to execute and deliver. Management emphasized that these contracts are a key driver of revenue growth and provide a foundation for future opportunities.

The announcement follows earlier statements from the company. In June 2026, Premier Graphene issued a press release announcing that it was anticipating its first profitable quarter, citing the same business model and partnership with HGI. The company also announced a strategic defense manufacturing expansion through a joint venture with Nova Graphene, a Canadian firm, which was reported in early September 2026.

From a market perspective, the graphene industry has grown from an estimated $380 million in 2022 to a larger market in 2026, driven by demand for lightweight, high‑strength materials in aerospace and defense. Premier Graphene’s profitability is therefore notable for a company that has been in the early stages of commercializing graphene.

The company’s forward‑looking statements, included in the press release, caution that actual results may differ from expectations due to factors such as revenue recognition timing, contract performance, customer requirements, economic and market conditions, regulatory developments, and competitive factors. The release also notes that the company is not obligated to update these statements unless required by law.

Premier Graphene’s stock is traded on the OTC market under the ticker BIEI. The company’s website and investor relations contact information were provided in the release, along with an email address for the president.

In summary, Premier Graphene Inc. has reported its first profitable quarter, a milestone that management believes confirms the viability of its business model and partnership with HGI Industrial Technologies. The company plans to pursue additional contracts and expand its operations, with expectations of higher profitability in the next quarter. The announcement is the latest development in a series of corporate actions that include a defense manufacturing joint venture and ongoing efforts to commercialize graphene for industrial and aerospace applications.

The company has not yet disclosed any regulatory filings or court proceedings related to this milestone. Investors and analysts will likely monitor the company’s subsequent earnings releases and any updates on contract awards and operational milestones.