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 has announced that it has been awarded three programs from two existing customers, one large commercial vehicle OEM and one industrial equipment manufacturer, to supply exterior parts of vehicles. These components are used in both internal combustion engines and electric vehicles.
Production for the first program will begin in 2024 while the start of production for the other two programs is planned for 2026. These programs generally last for a period of 10 years. The Corporation estimates that these programs will generate CAD$24 million (over USD$17,700,000) in annual sales at mature volumes along with a one-time tooling revenue of CAD$10 million (over USD$7,400,000). The Corporation has reportedly already secured the related manufacturing equipment to fulfill these orders and the expansion of the North Carolina facility is ongoing. These investments are part of NanoXplore’s 5-year strategic plan.
NanoXplore reported record results for Q2 2023, with revenues of $33.3 million CAD (up from $28.3 million last year, or a 18% increase). The company's gross margins are increasing, and the company was cash flow positive ($1.7 million).
NanoXplore says that it has been expanding the volume of its graphene-enhanced products while also improving manufacturing efficiencies. The company says that these good results were achieved despite a challenging macro environment
NanoXplore and its wholly owned subsidiary, VoltaXplore, a silicon-graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets, have announced that VoltaXplore has agreed on commercial terms for the supply of Li-ion battery cells with a well-known commercial vehicle OEM.
The batteries include graphene in the anode (graphene-silicon additives) and battery cells will reportedly be produced in VoltaXplore’s gigafactory starting from 2026. The agreement is for 1 GWh per year for a duration of 10 years following a pricing formula that passes through raw material cost to the customer.
NanoXplore reported its financial results for Q1 2023, with revenues of $31.6 million CAD, up 11% compared to last year. The company was cash flow positive ($1.6 million CAD, double than last year).
NanoXplore raised its revenue guidance to the fiscal year that ends on June 30, to $120-125 million CAD, which will represent a revenue growth of 27-33% from last year.
NanoXplore and Martinrea International, a global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, through its subsidiary, Martinrea Innovation Developments, have announced NanoXplore's purchase of Martinrea Innovation's 50% equity stake in VoltaXplore.
NanoXplore now owns 100% of the equity and intellectual property in VoltaXplore and Martinrea has increased its existing equity position in NanoXplore from 21.1% to 22.7%. VoltaXplore was formed as a joint venture between NanoXplore and Martinrea in 2021 to collaborate on developing graphene-enhanced Li-ion battery cells for electric vehicles and grid storage and to explore the potential to build a battery gigafactory. NanoXplore will seek to finance the battery gigafactory within VoltaXplore.
Project Arrow, a collaboration between nearly 60 different companies in Canada that is led by the Automotive Parts Manufacturers’ Association (APMA), aims to develop an all-Canadian electric SUV. A few days ago, at the CES (Consumer Electronics Show) event in Las Vegas, a fully operational prototype was unveiled.
Reports suggest that the Canadian government contributed CAD$5 million (over USD$3.7 million) toward the electric compact SUV’s development. Ontario pledged CAD$1.8 million (over USD$1.3 million) and Quebec said it would allocate CAD$1.4 million (over USD$1 million) over 18 months to small- and medium-sized businesses that make connected or autonomous zero-emission automotive components and systems, including those looking to get involved with Project Arrow.
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.