Great Lakes Graphite Books Large Qualification Order From International Customer
TORONTO, ONTARIO--(Marketwired - Jan. 24, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) announces that the Company has received an order for twenty tons of synthetic graphite from an international customer, located in the Middle East. A series of qualification tests will be performed on the material to confirm suitability for use in the steel industry, which represents a new and growing market opportunity.
Senior Vice-President of Sales Mike Coscia said, "Our international marketing program has developed into a substantial initial order for twenty tons of material. We are confident our product will deliver the performance that is required by this customer, based on engineering a material that meets the exact standards for the application. A positive outcome from these tests will qualify our material for a customer who currently consumes between three to four thousand tons of graphite per year."
Great Lakes Graphite CEO Paul Gorman commented, "We see this development as a validation of our strategy to target a variety of product segments. While our sales and marketing efforts have been focused upon North America, we are receiving a growing number of inquiries and sample requests from prospective customers around the world."
About Great Lakes Graphite: Great Lakes Graphite is an industrial minerals processing company working to supply customers with innovative, high quality value-added carbon products.
The Company is party to an agreement for shared use of a portion of an industrial facility located in Matheson, Ontario owned by Northfil Resources Limited, as well as for supply of high quality natural graphite concentrate (see news release dated 03/23/15), which have positioned Great Lakes Graphite to become an emerging domestic manufacturer and supplier of micronized products to a growing regional customer base where pricing and demand continue to rise.
Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.