Great Lakes Graphite Fulfills Initial Purchase Order From Graphene Manufacturer
01 Agosto 2018 - 10:16AM
Great Lakes Graphite Inc., doing business as NovoCarbon
Corporation, (“
GLK”, “
NovoCarbon”
or the “
Company”) (TSX-V:GLK, OTCQB:GLKIF,
FWB:8GL) today announces the receipt and fulfillment of an initial
purchase order from a graphene manufacturer located in the United
States. The purchase order specified fifty pounds each of two high
purity, micronized flake graphite products. The customer has
requested confidentiality for competitive reasons.
Senior VP of Sales Michael Coscia said,
“Following an extended qualification process with this customer, we
are now moving from product trials to purchase orders. They have
expressed an intention to work with us in an exclusive supply
relationship and we are delighted with the opportunity to fulfill
their requirement for high quality graphite materials on an ongoing
basis. We began product qualifications with this customer using
kilogram quantities and are providing a pre-production quantity
with this order. While the size of this initial purchase order is
modest, the customer has indicated an intention to begin ordering
by the ton in the next few months and to begin placing regular
orders by early next year.”
CEO Paul Gorman added, “We’ve had the
opportunity to demonstrate our capabilities as a supplier and
provide a positive experience while working with this customer to
qualify our material. The pricing for this product confirms and
validates the assumptions in our business model and increases our
confidence that we will be competitive in this market. We are
excited because we believe it is more evidence that the graphene
market is maturing and making significant progress in migrating
from the laboratory and into commercial applications.”
About NovoCarbon Corporation:
NovoCarbon is a Clean Technology Minerals Processing Company
supplying customers with innovative, high quality value-added
carbon products.
There is no significant graphite production in
North America now. As pricing and demand continue to rise,
NovoCarbon is one of the first new domestic suppliers to a growing
regional customer base. We continually work to deliver products of
the best quality with outstanding customer service.
The Company is party to an agreement for
long-term supply of high quality natural graphite concentrate from
Brazil. NovoCarbon is presently working with an established
US-based processor for toll micronization services. The Company has
partnered with Ashland Advanced Materials for commercial-scale
purification operations at Ashland’s 110,000 square foot
purification facility located in Niagara, New York.
Through our partner relationships, NovoCarbon
began selling micronized synthetic graphite beginning in 2016 and
now supplies micronized and high purity micronized natural flake
graphite products to a growing customer base.
Further information regarding NovoCarbon can be
found on the Company’s website at: www.novocarbon.com.
NovoCarbon trades as GLKIF on the OTCQB market
in the US and as GLK on the TSX Venture Exchange in Canada.
There are currently 132,656,830 shares outstanding.
Note: The current legal name of
the corporation is Great Lakes Graphite Inc., which is doing
business as NovoCarbon Corporation until final approval by the
shareholders and the TSX Venture Exchange.
For more information, please
contact:
Paul GormanChief Executive OfficerEmail:
pgorman@greatlakesgraphite.com
Susan MurphyManager, AdministrationEmail:
smurphy@greatlakesgraphite.com1-800-754-4510 x101
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Caution Regarding Forward Looking
Information: Certain statements in this press release may
constitute "forward looking information" which involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
information. When used in this press release, such forward looking
information may use such words as "may'', "will'', "expect'',
"believe'', "plan'' and other similar terminology. Forward looking
information is provided for the purpose of presenting information
about management's current expectations relating to the future
events and the operating performance of the Company, and readers
are cautioned that such information may not be appropriate for
other purposes. The forward looking statements involve a number of
risks and uncertainties. These risks and uncertainties include, but
are not limited to, the ability of the Company to fulfill the
orders and future orders, regulatory requirements, general
economic, market or business conditions and future developments in
the sectors of the economy in which the business of Great Lakes
operates. The foregoing list of factors is not exhaustive. Please
see the Company's financial statements, MD&A and other
documents available on www.sedar.com, for a more detailed
description of the risk factors. The Company undertakes no
obligation to update publicly or revise any forward looking
information, whether a result of new information, future results or
otherwise, except as required by law.
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