Record Graphene Powder Sales Agreement with Chevron Phillips Chemical
NanoXplore announced its largest ever graphene powder sales agreement with Chevron Phillips Chemical. Early volumes are tracking higher than initial projections, with positive customer feedback and marketing to start in December.
New Customer Contract with Club Car
NanoXplore secured a new customer, Club Car, expected to generate approximately $15 million in annual revenues. Production is already underway at the new facility in Statesville, North Carolina.
Successful Equity Financing
NanoXplore completed a $25.7 million equity financing, strengthening its balance sheet and enabling the scale-up of dry process graphene production.
Improved Operational Efficiencies
Since 2021, NanoXplore improved gross margins by 11 percentage points while expanding its customer base.
Dry Process Graphene Module Installation
NanoXplore is on track to install its first fully commercial dry graphene module by March 2026, adding 500 to 1,000 tons per year capacity.