NanoXplore is a Montreal-based advanced materials company that produces graphene materials, graphene-enhanced polymers, master batches in pellet form, few layer graphene powders, and custom graphene solutions.
NanoXplore states a 25 tonnes/year current graphene production capacity, low cost graphene manufacturing, 5 patents on graphene production and applications, and two production facilities (45,000 sq. ft) near Montreal, QC.
Group NanoXplore is a public company that trades in the Canadian stock exchange (CVE:GRA).
The latest Nanoxplore graphene news:
NanoXplore, manufacturer and supplier of high-volume graphene powder for use in industrial markets, has announced that it acquired Sigma Industries in a deal that included cash and stock components. The cash component is approximately CAD$9 million (around $6.8 million USD) and the stock value is approximately CAD$9.8 million (almost $7.5 million USD).
Sigma Industries is a manufacturing company specializing in the manufacture of composite products, with two operating subsidiaries and 275 employees. It operates in the markets for heavy trucks, buses, public transit, machinery and wind energy. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.
NanoXplore has announced the completion of a bought deal private placement of $10,000,155 CAD (around $7.76 million USD). The Offering was conducted by a syndicate of underwriters co-led by Paradigm Capital Inc. and GMP Securities L.P. and including Echelon Wealth Partners Inc. and National Bank Financial Inc.
The net proceeds from this placement will be used for acquisitions, funding for development of a 10,000 tonne per year graphene production plant and general corporate and working capital purposes.
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.
NanoXplore has announced an agreement to acquire all of the issued and outstanding shares of CEBO Injections, a Swiss-based injection molding company, from BCR Plastic Group. CEBO provides customers with high precision and high-quality injection molded products, and serves the automotive, medical, industrial and watches manufacturing markets.
Dr. Soroush Nazarpour, President and CEO of NanoXplore commented: "Our graphene improves the performance and minimizes shrinkage of injection molded plastic parts such as those provided by CEBO. Acquiring CEBO will allow NanoXplore to demonstrate the benefits of graphene to CEBO's existing customers while providing NanoXplore with an entry into the European market, accelerating the adoption of graphene enhanced thermoplastics".
In June 2017 Group NanoXplore, a Montreal-based company specializing in the production and application of graphene and its derivative materials, announced that it will merge with Graniz Modal, a public company that trades in the Canadian stock exchange (TSX: GRA.H) - to become a public company.
NanoXplore has now completed the deal, and is now trading in the TSX Venture under the ticker CVE:GRA. NanoXplore has a market capitalization of $36.3 million CAD, and Mason Graphite now holds 25% of the company. As part of the reverse merger, NanoXplore raised $9.7 million CAD.