Nowhere in there does it say signed agreement, so sorry OAKVILLE, Ontario, Feb. 28, 2017 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials. The Company is pleased to announce that it has received their first order from Panasonic Corporation to supply graphite anode material to their manufacturing facility. The order consists of two different material specifications. Panasonic is one of the largest battery manufacturers in the world and makes batteries for companies like; Tesla, Toyota, Volkswagen and many other large corporations.
Paul Ogilvie, CEO, commented: “After more than two years of working on material specifications, sampling and re working, we could not be more pleased than to finally ship finished material to our customer. The order is part of an offtake agreement to supply multiple tonnes of anode material monthly for a number of years. We are hopeful that the electric car business continues to grow at this rate; as that will continue to push our demand and create more and more opportunities for us. We consider today as our greatest accomplishment; to be recognized and awarded with an order to supply one of the world’s best technology companies, is a tremendous accomplishment for the team.”
Prof. Zhongwei Chen, CTO, commented: “Our research and constant striving to create the best in class anode material is starting to pay off. Our goal is to have the ability to create material for any customer’s specification on the highest level of consistency and quality.”
The Company will ship the first order within 90 days.The Company will continue to work with all of our other interested battery companies, and continue to help create better turnkey solution for anode materials and work to create higher performance that may untimely mean higher performance batteries.