Group NanoXplore Inc.

Group NanoXplore Inc.

July 07, 2016 15:36 ET

Plastic Industry Drives Demand for NanoXplore Graphene

Sales Targets Exceeded, Positioning for Strong Revenue Growth

MONTREAL, CANADA--(Marketwired - July 7, 2016) - Group NanoXplore Inc., a Montreal-based company specialising in the production and application of graphene and its derivative materials, is pleased to announce that it launched a new blow and injection molded plastic facility earlier this year to manufacture engineered plastics products, and is already supplying to more than 30 customers.

NanoXplore is targeting graphene-enhanced thermoplastics in response to broad customer interest for engineering plastics with enhanced electrical, thermal, and mechanical properties. The company recently added a 22,000 sq. ft. plastic injection and blow molding production facility, including mold design and fabrication. This production facility will allow NanoXplore to supply OEMs with final plastic products benefiting from graphene. The company is actively working with several OEMs to become a certified supplier.

In addition to the plastic fabrication facility, a new 17,000 sq. ft. graphene production and engineering facility is being prepared and will come on line by year end. This new facility will increase graphene production capacity to 65 metric tonnes per year, and provide additional laboratories and engineering resources for development of customer applications and improved battery materials.

"The past year has been a very good one for NanoXplore. We closed the last fiscal year 2015-2016 with revenues exceeding $1M CDN, and we are very confident that we can at least triple this next year," says Dr. Soroush Nazarpour, President and CEO of Group NanoXplore Inc. "Customer response to our graphene compounded plastic master batches has exceeded our expectations. We already have a strong base of customers for molded plastic products and components and are actively working with clients to expand our product range and target new applications."

About Group NanoXplore Inc.

NanoXplore is a Montreal-based advanced materials company and Canada's largest producer of graphene. NanoXplore supplies few layer graphene powder, master batch pellets of graphene-enhanced polymers, and blow and injection molded products.

NanoXplore's core technology is a patented, low-cost and environmentally friendly process to manufacture high quality graphene from natural flake graphite. This graphene is used to engineer high performance composites by dispersing small amounts of graphene into polymers to enhance their mechanical, thermal and electrical properties. NanoXplore creates innovative products for applications including electric motors, enclosures with EMI shielding and thermal management, piping, impermeable containers, automobiles and next generation batteries.

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