NanoXplore recently reported that Martinrea International has made an investment in the Company and has become a shareholder of NanoXplore following participation in the equity financing which closed on August 2nd, 2017. Both companies have been working on product development since.
Martinrea is an international auto parts manufacturer with more than 14,000 employees at over 50 manufacturing and engineering facilities in North America, South America, Europe and Asia. Martinrea produces parts and assemblies, modules, fluid-management systems and offers lightweighting solutions, primarily for the automotive sector.
Pat D’Eramo, Chief Executive Officer and President, Martinrea International Inc.: Also related to new technology, some months ago we made an investment in NanoXplore, a company that has developed a new way of manufacturing graphene, at a competitive price.