Martinrea Buys Big in Graphene Company

Martinrea International Inc., a leader in the development and production of quality, lightweight metal parts, is making a large investment in NanoXplore Inc., a manufacturer and supplier of highvolume graphene powder.

This investment would bring Martinrea’s ownership interest in NanoXplore to approximately 16 percent of the issued and outstanding shares.

In addition, Martinrea announced it entered into an updated Memorandum of Understanding with NanoXplore, the key features of which include:

• NanoXplore’s commitment to provide graphene to meet Martinrea’s needs for the material in its operations
• NanoXplore’s commitment to assist in the development of graphene-related products and technologies related to Martinrea’s business
• Martinrea’s agreement to assist NanoXplore in the development of its operations

Pat D’Eramo, Martinrea’s president and CEO, said, “We are very excited with the opportunities we see in the development and use of graphene-enhanced products. We are a lightweighting company, focused on providing our customers solutions using a variety of advanced materials in steel, aluminum or a combination of both, as well as other materials.”

Top