NanoXplore has announced it has entered into an exclusive, long-term supply agreement with Club Car, a leading name in the recreational products industry.
This partnership will support the production of graphene-enhanced, high-performance solutions. The addition of Club Car to NanoXplore's customer portfolio marks a milestone in the Company’s diversification strategy, the Company stated, expanding its reach and revenue opportunities beyond its traditional focus in the transportation sector.
This multi-year agreement is said to 'showcase NanoXplore’s leadership' in providing customers with graphene-enhanced solutions, starting with virgin polypropylene (PP) to produce lightweight, durable components for recreational equipment. In the next phase, Club Car will transition to graphene-enhanced recycled PP sourced from NanoXplore’s Canuck Compounders, combining performance with sustainability.
This approach supports circular economy principles, restoring and strengthening recycled materials, improving their durability, recyclability, and lifecycle performance.
"Securing a leading customer in the recreational products sector represents a key milestone in our growth strategy," said Rocco Marinaccio, current COO and incoming CEO of NanoXplore. "Expanding into this dynamic market allows us to diversify beyond transportation revenues and reinforces our position as a versatile provider of high-performance, eco-friendly, graphene-enhanced solutions. Our graphene-enhanced recycled PP technology demonstrates how sustainability can be a true competitive advantage—delivering products that perform like new while reducing environmental impact."
The agreement is projected to generate approximately CA$15 million (almost US$11 million) in annualized revenues for NanoXplore, with production already launched in October.
