MONTREAL, QUEBEC–(Marketwired – Nov. 15, 2017) – NanoXplore Inc. (“NanoXplore”) (TSX VENTURE:GRA), a world leading graphene company, is pleased to report that today, Martinrea International Inc. (“Martinrea”) (TSX:MRE) has announced their investment in NanoXplore and discussed an ongoing joint work program in their quarterly conference call.
Martinrea is an international auto parts manufacturer with more than 14,000 employees at over 50 manufacturing and engineering facilities in North America, South America, Europe and Asia. Martinrea produces parts and assemblies, modules, fluid-management systems and offers lightweighting solutions, primarily for the automotive sector.
Martinrea became a shareholder of NanoXplore following their participation in the equity financing which closed on August 2nd, 2017. Both companies have been working on product development since.
Below is an excerpt from the transcript of the conference call held on November 15th 2017.
Pat D'Eramo, Chief Executive Officer and President, Martinrea International Inc.: “Also related to new technology, some months ago we made an investment in NanoXplore, a company that has developed a new way of manufacturing graphene, at a competitive price.
As you may have noted in our report our investment has grown 3x in value, which is great, but it's not what primarily excites us about this product.
Graphene is a unique material that has strengthening and lightweighting characteristics.
Graphene was isolated and extracted early this century, in fact the inventors won a Nobel Prize in Physics for their hard work. In the past the ability to manufacture it on a large scale has not been practical. Through the work of companies like NanoXplore this unique material is becoming more available and we believe will be a significant player in the future of lightweighting. There is a plethora of products that will be touched or replaced by graphene such as injection molded enclosures including EMI shielded parts, batteries, structural components, electrical components. Graphene characteristics include improved mechanical, thermal and electrical advantages over current materials such as carbon black. It can be used to enhance battery capacity and improve charging time as well as improving gas permeation and anticorrosive performance. We have no doubt that graphene is becoming a bigger player in the automotive space as well as industrial businesses and we're glad that we are a part of this exciting development. Currently, we are working with them on some development related to our fluids products.”
NanoXplore is a graphene company, a manufacturer and supplier of high volume graphene powder for use in industrial markets as well as standard and custom enhanced thermoplastic products to many customers in transportation, packaging, electronics and other industrial sectors. For more information visit www.nanoxplore.ca.
NanoXplore Inc. On behalf of the Board
“Soroush Nazarpour, Ph.D.” President and Chief Executive Officer
This press release may contain 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 predications 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 some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause NanoXplore's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks and uncertainties include risks related to the satisfaction of the conditions to closing of the Acquisition and performance of the businesses acquired pursuant to the Acquisition. 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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