NanoXplore Inc. announces that on June 23, 2021, it has entered into a multi-year supply and distribution agreement with Gerdau Grafeno LTDA. a wholly-owned subsidiary of Gerdau S.A. . Gerdau is Brazil's largest steel producer and one of the leading producers of long steel in America, as well as special steel in the world. Gerdau Graphene was incorporated by Gerdau to develop and market products based on graphene ...

NanoXplore Inc. (" NanoXplore " or the " Corporation ") (TSXV: GRA and OTCQX: NNXPF) announces that on June 23, 2021, it has entered into a multi-year supply and distribution agreement (the " Agreement ") with Gerdau Grafeno LTDA. (" Gerdau Graphene "), a wholly-owned subsidiary of Gerdau S.A. (" Gerdau "). Gerdau is Brazil's largest steel producer and one of the leading producers of long steel in America, as well as special steel in the world.

Gerdau Graphene was incorporated by Gerdau to develop and market products based on graphene applications on an industrial scale in the Americas region. An early advocate of this material, Gerdau started researching graphene four years ago, later establishing a partnership with the University of Manchester's Graphene Engineering Innovation Centre, in order to conduct further research. Gerdau Graphene benefits from its parent company's existing customer and supplier relationships, allowing it to leverage synergies between graphene operations and existing sales, procurement, and technical application channels.

Soroush Nazarpour, President and Chief Executive Officer of NanoXplore, commented:

"Today's announcement represents another important step forward in expanding graphene applications on an industrial scale and targets customers in multiple markets, particularly for the concrete and construction markets. I believe that this Agreement will help cement our leadership position in the graphene market, and that it has the potential to create a demand for graphene that is greater than what NanoXplore is currently capable of producing."

Alexandre Corrêa, Business Unit General Manager of Gerdau Graphene, commented:

"Gerdau Graphene's strategic relationship with NanoXplore will provide our customer base with quality and accessible graphene, at industrial scale, from day one. We will be able to access a material which has already been successfully tested and applied in several markets, specially composites and thermoplastics, which we'll be able to leverage to high commercial volumes.

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 Gerdau, a 120-year-old company

Gerdau is Brazil's largest steel producer, one of the leading producers of long steel in the Americas and of special steel in the world. In Brazil, it also produces flat steel and iron ore for its own consumption. In January this year, it completed 120 years of a history marked by strength, and contribution to the development and legacy for a society in constant evolution. Guided by its proposition to empower people who build the future, the company is present in 10 countries and has over 30,000 direct and indirect employees in its operations. Gerdau is the largest recycling company in Latin America and uses scrap as an important input: 73% of the steel it produces comes from scrap. Every year, Gerdau transforms 11 million tonnes of scrap into a variety of steel products. Gerdau's shares are listed on the São Paulo (B3), New York (NYSE) and Madrid (Latibex) stock exchanges.

About Gerdau Graphene

Gerdau Graphene is a company launched by Gerdau through Gerdau Next, its new business arm. In 2021, Gerdau Graphene started to focus on the production, development and sale of products based on graphene applications, in Brazil and the Americas, in order to generate more value for its products and customers based on the mechanical properties offered by the nanomaterial. To learn more, visit www.gerdau.com.br/graphene .

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Soroush Nazarpour
President and Chief Executive Officer
NanoXplore Inc.
(514) 935-1377
info@NanoXplore.ca


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

NanoXplore Provides Update on Trading Activity

NanoXplore Inc. (" NanoXplore " or the " Corporation ") (TSX: GRA and OTCQX: NNXPF) is issuing this press release to comment on recent trading activity of its stock. The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report currently.

The Company is also unaware of any material undisclosed change related to the Company that would explain the recent movements in the price of its common shares. The Company will keep the market informed as required.

Keep reading... Show less

Why Invest in Nanotech Stocks?

The nanotechnology market is experiencing a promising stage of growth, making it an attractive space for both first-time and sophisticated investors.

From nanotechnology-based solar panels that increase energy efficiency to pharmaceutical products that make use of nanotech in drug-delivery systems, nanotechnology investing has far-reaching effects that are quickly transforming the world as we know it. Graphene-based nanomaterial also has several applications across a wide range of industries, including renewable energy and medicine.

Here the Investing News Network provides a brief overview of what nanotech is, what the market looks like right now and what the nanotech industry's future could be. Read on to see if investing in nanotech stocks could work for your portfolio.

Keep reading... Show less

NanoXplore's U.S. Subsidiary Enters Into a Consent Order With U.S. EPA

NanoXplore Inc. (" NanoXplore " or the " Corporation ") (TSX: GRA and OTCQX: NNXPF) announces that on August 13, 2021, its U.S. subsidiary RMC Advanced Technologies Inc. entered into a consent order with the U.S. Environmental Protection Agency (" EPA ") under the Toxic Substances Control Act (TSCA) (the " Consent Order "), which Consent Order allows for the commercial use of its GrapheneBlack TM as an additive for thermoplastics, thermosets and rubbers, with no annual volume limitation.

Soroush Nazarpour, President and Chief Executive Officer of NanoXplore, commented:

Keep reading... Show less

NanoXplore Virtually Closes The Market

Dr. Soroush Nazarpour President and Chief Executive Officer, NanoXplore Inc., ("NanoXplore" or the "Corporation") (TSX: GRA), joined Berk Sumen, Head of TSX Company Services, TMX Group, to celebrate the Corporation's graduation to Toronto Stock Exchange and close the market.

Keep reading... Show less

NanoXplore Graduates to the Toronto Stock Exchange

NanoXplore Inc. (" NanoXplore " or the " Corporation ") (TSXV: GRA, TSX: GRA and OTCQX: NNXPF) is pleased to announce that the Corporation's common shares will begin trading on the Toronto Stock Exchange (the " TSX ") on July 15, 2021, following the Corporation's graduation from the TSX Venture Exchange (the " TSXV "). The common shares of the Corporation will be concurrently delisted from the TSXV upon commencement of trading on the TSX. The trading symbol for the common shares of NanoXplore on the TSX will remain unchanged as "GRA" and shareholders are not required to take any action.

"The listing of the Corporation's common shares on the TSX further enhances our profile and exposure as we look forward to connecting with a wider audience of the investment community" added Dr. Soroush Nazarpour, President and Chief Executive Officer of NanoXplore.

Keep reading... Show less

6 Top Nanotechnology Uses

While there’s been plenty of focus on apps and cloud computing in the technology space, advances are also being made in hardware-focused sectors such as nanotechnology.

Nanotechnology uses include everything from safer food processing to more efficient drug-delivery systems to tiny transistors that allow for smaller, more powerful computer chips.

Keep reading... Show less

Top News

Related News