NanoXplore Inc. Finalizes Acquisition of CEBO Injections SA
MONTREAL, QUEBEC--(Marketwired - Dec. 6, 2017) - NanoXplore Inc. ("NanoXplore") (TSX
VENTURE:GRA), a world leading graphene company, announced today that it has finalized the acquisition of CEBO Injections SA
("CEBO"), a Swiss-based precision injection molding company, from BCR Plastic Group. CEBO's total sales for
2016 were 5.9M Swiss francs ("CHF") (Non-audited, Swiss GAAP). NanoXplore has acquired all the outstanding
shares of CEBO for a total of 2.3M CHF, with 1.5M CHF having been paid to BCR Plastic Group, 0.4M CHF to be paid after 12 months,
and another 0.4M CHF to be paid after 24 months. Export Development Canada provided debt financing of 1.15M CHF to support this
transaction.
Following the transaction, both Mr. Cornelis Smit, CEO and founder of CEBO, and Mr. Thierry Poulleau, Director of Sales of
CEBO, continue in their positions. In anticipation of continued strong growth, CEBO has placed an order for two new ARBURG
precision injection molding machines.
"It is a pleasure to welcome CEBO to our plastic division and we are very excited that Mr. Smit and Mr. Poulleau are
continuing with the company." says Dr. Soroush Nazarpour, President and CEO of NanoXplore.
About NanoXplore
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
Cautionary Statements
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
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Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some
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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
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