MONTREAL, June 16, 2021 (GLOBE NEWSWIRE) -- 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.
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