NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets.
The company 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.
NanoXlore's yearly graphene production capacity is 4000MT.
NanoXplore is a public company that trades in the Canadian stock exchange (CVE:GRA).
4500 Thimens Blvd
Montréal QC H4R 2P2
The latest Nanoxplore graphene news:
NanoXplore reported its financial results for Q3 2022, with revenues of $27.1 million CAD (up 52% compared to last year). The company reported a loss (EBIDTA) of $1.97 million CAD (down from a loss of $3.7 million CAD last year).
Looking ahead into its FY2023 (which ends on September 2023) NanoXplore expects revenues to reach $110 million. The company also announced a 5-year strategic plan, during which the company will expand its production capacity from its current 4,000 tons to 20,000 tons for graphene and battery materials.
Martinrea International, a global automotive supplier of value-added lightweight structures and propulsion systems (that has a collaboration with NanoXplore), was named a 2022 Automotive News PACE Award winner at the awards ceremony on September 19.
Martinrea was recognized for its brake lines with GrapheneGuard, which is said to be the first use of graphene in an automotive brake line application. Martinrea recognized the potential of graphene and developed the revolutionary GrapheneGuard coating technology which incorporates graphene into nylon. The development of GrapheneGuard is a convergence of material science innovation and process engineering that brings to the automotive market a brake line coating that reportedly has unmatched properties. The material can provide up to 25 percent weight savings while simultaneously demonstrating superior strength, greater abrasion protection, and improved chemical resistance, all while utilizing current manufacturing equipment and processes.
NanoXplore has announced that it is to purchase a 'significant portion' of the assets of XG Sciences, in a sale conducted by XG’s senior secured creditor pursuant to Article 9 of Michigan’s enactment of the Uniform Commercial Code. NanoXplore and the senior creditor have entered into an asset purchase agreement pursuant to which NanoXplore is acquiring XG’s mechanical milling platform, research and development lab and all issued and pending patents and trademarks, among other items. The payment of this transaction is paid in cash without any share issuance.
Founded in 2006, XG Sciences specialized in the production of graphene nanoplatelets and the formulations of advanced materials that amplify product performance across diverse applications such as Lithium-ion battery anode materials, automotive, packaging, composites, concrete, and other industrial markets. The Company ceased operations in July. While operating, the Company worked with leading companies such as Ford for noise reduction and light-weighting using graphene-enhanced PU foam as well as Callaway Golf Company for graphene-enhanced golf balls.
NanoXplore and Solmax Group have announced that they have entered into a blanket purchase order, following several years of collaborative work.
The five-year collaboration between the two companies has reportedly resulted in a product and Solmax CEO, Jean-Louis Vangeluwe, said: This cooperation underscores our commitment to delivering growth through forward-looking innovation and collaboration. Our five-year development collaboration with NanoXplore will allow us to launch a next-generation product based on graphene technology that solves some of our customers’ sustainability challenges while also boosting performance.
VoltaXplore, a 50/50 joint venture between Martinrea International and NanoXplore aimed at commercializing the production of graphene-enhanced lithium-ion batteries for the electric vehicle market, recently announced the commissioning of its one megawatt-hour demonstration facility in Montreal, Quebec.
The facility is producing batteries, which are currently being optimized. The company expects graphene-enhanced batteries will have several advantages over existing products in the market today, such as greater capacity, increased battery life, faster charging speeds, and improved safety. Tests aimed at validating these benefits are ongoing, with reportedly encouraging results to date.
Graphene producer NanoXplore announced that it is raising $30 million CAD, selling shares to a syndicate of underwriters led by National Bank Financial Inc. and Canaccord Genuity Corp.
NanoXplore says it will use the funds for general corpoate purposes - which may include potential acquisitions. A few months ago the company announced it has acquired Canuck Compounders, a privately held plastic recycling compounder that provides sustainable and engineered recycled plastic compounds.
NanoXplore announced that it has acquired all of the issued and outstanding shares of Canuck Compounders, a privately held plastic recycling compounder that provides sustainable and engineered recycled plastic compounds for use in transportation, building and construction, agriculture and packaging markets. Canuck's manufacturing facility, based in Cambridge, Ontario, has a production capacity of approximately 40 million pounds annually.
"I am very pleased with this acquisition and would like to welcome Canuck's team to the NanoXplore family," said Dr. Soroush Nazarpour, Chief Executive Officer of NanoXplore. "This acquisition is strategically aligned with our growth initiatives and significantly increases our graphene compounding capability, especially in recycled plastics and will enable us to form strategic partnerships with end customers. In addition, Canuck has a strong relationship with recycled plastic suppliers that ensures a smooth and reliable supply of post-consumer and post-industrial recycled plastics. This transaction will enhance our technical expertise in recycled plastic compounds and bolster our top-line by approximately $20 million annually, without considering revenues derived from graphene inclusion."
Graphene producer NanoXplore announced that the Corporation's common shares are starting to trade on the Toronto Stock Exchange (TSX). The shares will delist from the TSX Venture Exchange. The ticker symbol will remain GRA. This stock graduation will hopefully mean further exposure and and enhanced profile for NanoXplore.
NanoXplore recently announced announced a joint venture with its partner Martinrea International called VoltaXplore Inc., formed to develop electric vehicle (EV) batteries enhanced with graphene. Last month NanoXplore announced that it has entered into a multiyear agreement to supply GrapheneBlack grade of products to Techmer PM, a large U.S-based plastic compounder specializing in modifying and fine-tuning the properties of technical polymers.
The graphene industry seems to be flourishing, at least when looking at the valuations of public companies. As we reported earlier this year, graphene stocks have risen nicely towards the end of 2020, and the trend continues in 2021 for most companies.
The total market value of graphene companies now reaches $1.8 billion USD for the 13 leading graphene public companies we track. It is important to note that not all this value is directly related to graphene - some of the companies have other activities, mainly graphite mining and supply. But for all these companies, graphene is a major part of the business, and most of the companies are pure-play graphene companies.
NanoXplore has announced that it has entered into a multiyear agreement to supply GrapheneBlackâ¢ grade of products to Techmer PM, a large U.S-based plastic compounder specializing in modifying and fine-tuning the properties of technical polymers. Techmer PM will market its graphene-enhanced plastic compounds to a variety of industries in a number of diverse end uses and applications.
Techmer PM’s aim is to provide the highest performance properties possible across a wide spectrum of compounds and end products.