MONTREAL, CANADA--(Marketwired - Feb 12, 2015) - Group NanoXplore Inc., a Montreal-based company specialising in the production and application of graphene and its derivative materials, announced today that it finalised an agreement for a non-brokered private placement financing totalling $2.725M CDN in December, 2014. The investors include a number of high net worth Canadian individuals with strong backgrounds in chemical and industrial markets and successful records of building successful technology enterprises.
"Our new investors bring not only funds to fuel our continued growth, but knowledge and connections in critical target markets." said Dr. Soroush Nazarpour, President and CEO of NanoXplore. "This financing positions NanoXplore to significantly accelerate our customer acquisition and sales efforts. Over the last year we have seen strong interest in our graphene products, especially for applications in smart textiles and Li-ion batteries, as well as lubricants, paints, and polymers."
NanoXplore's sales strategy is based upon sales of standard graphene products, sales of custom formulations, and provision of product development services to enhance customers' existing products using graphene and graphene composites. NanoXplore's strong intellectual property portfolio also enables high volume customers to achieve significant cost reductions and efficiency gains via technology licensing.
About Group NanoXplore Inc.
NanoXplore is a privately held advanced materials company focused on the large-scale production of high quality graphene and the integration of graphene into real world industrial products. NanoXplore achieves significant improvements in performance for its customers with very low levels of graphene because its material is of high quality (few defects, highly dispersible), because the production process can easily tune the dimensions of the graphene platelets, and because NanoXplore has specific expertise in dispersing graphene in a broad range of industrial materials. NanoXplore partners with its customers to integrate graphene into their products and processes, providing them with innovative products and a strong competitive advantage.
For more information about NanoXplore, please visit www.nanoxplore.ca.