NanoXplore Concludes Agreement to Supply Techmer PM, LLC, with GrapheneBlack™
June 16 2021 - 6:55AM
NanoXplore Inc. (“
NanoXplore” or the
“
Corporation”) (TSX-V: GRA and OTCQX: NNXPF)
announces that it has entered into a multiyear agreement to supply
GrapheneBlack™ grade of products to Techmer PM, LLC
(“
Techmer PM”), which agreement includes a
customer-based exclusivity.
Based in Tennessee, Techmer PM is one of the
largest plastic compounders in North America, specializing in
modifying and fine-tuning the properties of technical polymers.
Supported by worldwide manufacturing capabilities, Techmer PM will
market its graphene-enhanced plastic compounds to a variety of
industries in a number of diverse end uses and applications.
Graphene can deliver a host of benefits to
various plastic formulations, to include boosting the strength of
recycled resins, improving electrical conductivity properties,
enabling lightweighting, and enhancing both barrier effectiveness
and chemical resistance. Techmer PM’s aim is to provide the highest
performance properties possible across a wide spectrum of compounds
and end products, which makes this agreement a significant
technology collaboration for the Corporation.
Michael A. McHenry, Chief Executive Officer of
Techmer PM, commented:
“We are a materials design company using
leading-edge technologies to design customer and market-focused
solutions. The long-term agreement with NanoXplore complements our
approach, which is to customize solutions to maximize performance
through collaborations and the leveraging of leading-edge
technology.”
Soroush Nazarpour, President and Chief Executive
Officer of NanoXplore, commented:
“This agreement is particularly exciting, as it
allows us to further emphasize the value of graphene and enhance
the profile of our GrapheneBlack™ brand. It also fosters
collaboration with a leader in the U.S. market and furthers our
efforts to expand the use of graphene.
About NanoXplore Inc.
NanoXplore is a graphene company, a manufacturer
and supplier of high-volume graphene powder for use in industrial
markets. NanoXplore provides standard and custom graphene-enhanced
plastic and composite products to various customers in
transportation, packaging, electronics, and other industrial
sectors. NanoXplore is headquartered in Montreal, Quebec, with
manufacturing facilities in Canada, the United States and
Europe.
About Techmer PM, LLC
Founded in 1981, Techmer PM specializes in
modifying and fine-tuning the properties of technical polymers. The
company thrives on partnering and collaborating with plastics
processors, fabricators, designers, specifiers, and brand owners.
Drawing on a broad portfolio of resins –– from polyolefins to PEEK
–– Techmer PM helps manufacturers enhance product function and
appearance in scores of end-use markets. The award-winning firm
operates seven North American plants and has extensive expertise in
virtually every plastic- and fiber-related process, from additive
manufacturing and blown film to nonwovens, injection molding, and
sheet extrusion. Techmer PM was recognized by Plastics News as one
of the industry’s “Best Places to Work” in six of the past eight
years. Learn more by visiting techmerpm.com.
Forward-looking Statements
This press release contains forward-looking
statements. All forward-looking statements are based on our beliefs
as well as assumptions based on information available at the time
the assumption was made and on management’s experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors, deemed appropriate
in the circumstances. No assurance can be given that these
assumptions and expectations will prove to be correct.
Forward-looking statements are not facts, but only predictions and
can generally be identified by the use of statements that include
phrases such as “anticipate”, “believe”, “continue”, “could”,
“estimate”, “foresee”, “grow”, “expect”, “plan”, “intend”,
“forecast”, “future”, “guidance”, “may”, “predict”, “project”,
“should”, “strategy”, “target”, “will” or similar expressions
suggesting future outcomes.
Forward-looking information is not a guarantee
of future performance and involves a number of risks and
uncertainties. Such forward-looking information necessarily
involves known and unknown risks and uncertainties, which may cause
the NanoXplore’s actual results to differ materially from any
projections of future results expressed or implied by such
forward-looking information. Any forward-looking information is
made as of the date hereof and, except as required by law,
NanoXplore does not undertake any obligation to publicly update or
revise such information to reflect new information, subsequent or
otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For more information, please contact:
For Techmer PM, LLC:
Steve LoneyDirector of Market Development
Techmer PM LLC(951) 903-9111SLoney@techmerpm.com
For NanoXplore Inc:
Soroush NazarpourPresident & CEONanoXplore Inc.(514)
935-1677info@NanoXplore.ca
NanoXplore (TSXV:GRA)
Historical Stock Chart
From Oct 2024 to Nov 2024
NanoXplore (TSXV:GRA)
Historical Stock Chart
From Nov 2023 to Nov 2024