MONTREAL, Feb. 27, 2026 (GLOBE NEWSWIRE) -- NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, announced today the mutually agreed resignation of Soroush Nazarpour from its Board of Directors. The Corporation reaffirmed that it remains fully focused on executing its strategic priorities and advancing its graphene growth initiatives. About NanoXplore NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for ...

Core Insights - NanoXplore Inc. reported financial results for Q2-2026, highlighting sequential improvements in revenue, margins, and adjusted EBITDA, indicating stronger execution and improving fundamentals [3][7]. Financial Performance - Total revenues for Q2-2026 were $27,580,290, a 17% decrease from $33,120,886 in Q2-2025 [7]. - Adjusted gross margin on revenues from customers was 21.5%, slightly up from 21.3% in the previous year [7]. - The company reported a loss of $3,836,406 in Q2-2026 compared to a loss of $2,894,922 in Q2-2025 [7]. - Adjusted EBITDA for Q2-2026 was $224,355, down from $1,102,050 in Q2-2025 [7]. - Total liquidity as of December 31, 2025, was $40,144,435, including cash and cash equivalents of $30,144,435 [7]. Segment Performance - In the Advanced Materials, Plastics and Composite Products segment, revenues decreased by 18% to $27,292,893 in Q2-2026, with adjusted EBITDA dropping 86% to $180,967 [11]. - The Battery Cells and Materials segment saw revenues increase by 395% to $287,397 in Q2-2026, with adjusted EBITDA improving to $43,388 from a loss of $217,876 in Q2-2025 [11]. Revenue Breakdown - Revenues from customers decreased from $32,636,947 in Q2-2025 to $26,928,115 in Q2-2026, primarily due to lower volume and tooling revenues [13]. - Other income increased from $483,939 in Q2-2025 to $652,175 in Q2-2026, attributed to grants and refundable tax credits for R&D programs [14]. Operational Insights - The adjusted EBITDA loss in the Advanced Materials segment was primarily due to a decrease in adjusted gross margin by $1,214,031, influenced by lower volume and tooling revenues [15]. - The Battery Cells and Materials segment's adjusted EBITDA improved due to increased revenues and other income [16]. Long-term Strategy - The company decided not to pursue a previously contemplated $100 million active anode material initiative, reflecting a disciplined approach to capital allocation [3].

Company Overview - NanoXplore Inc. is a graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets [3] - The company provides standard and custom graphene-enhanced plastic and composite products to various sectors including transportation, packaging, and electronics [3] - NanoXplore also manufactures silicon-graphene enhanced Li-ion batteries for Electric Vehicle and grid storage markets [3] - The company is headquartered in Montreal, Quebec, with manufacturing facilities across North America and Europe [3] Upcoming Financial Events - NanoXplore will hold a webcast to discuss the results of its second quarter ended December 31, 2025, on February 11, 2026, at 10:00 a.m. Eastern Time [1] - The financial results will be released on February 10, 2026, after the market close [1] - A replay of the webcast will be available on the company's website [2]

Core Viewpoint - NanoXplore Inc. has promoted Mr. Nima Moghimian to Chief Technology Officer, reflecting his significant contributions to the company's technology strategy and commitment to sustainable materials and energy storage solutions [1][2]. Group 1: Leadership and Experience - Nima Moghimian has over a decade of leadership experience at NanoXplore, shaping the company's R&D roadmap and establishing its global IP portfolio [2][3]. - Since joining in 2015, Nima has been pivotal in developing proprietary graphene and advanced materials platforms, guiding the company from a startup to a global leader [3]. Group 2: Contributions and Achievements - As head of corporate R&D since 2017, Nima has overseen all technology-driven activities, including product development, intellectual property, regulatory affairs, and product certification [3]. - Nima's leadership has been instrumental in developing NanoXplore's patented Dry-Process Graphene, which is expected to drive the company's growth [5]. Group 3: Educational Background - Nima holds a Ph.D. in Mechanical Engineering from the University of Victoria, an M.Sc. in Nanoscience and Nanotechnology from the University of Barcelona, and a B.A.Sc. in Materials Science and Engineering from Sharif University of Technology [4]. Group 4: Company Overview - NanoXplore is a leading graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets, as well as silicon-graphene-enhanced Li-ion batteries for energy storage [6]. - The company is headquartered in Montreal, Quebec, with manufacturing facilities in Canada, the United States, and Europe [6].

Core Viewpoint - NanoXplore Inc. has promoted Nima Moghimian to Chief Technology Officer, reflecting his significant contributions to the company's technology strategy and commitment to sustainable materials and energy storage solutions [1][2][5]. Company Overview - NanoXplore is a leading graphene company that manufactures and supplies high-volume graphene powder for various industrial applications, including transportation and electronics [6]. - The company also produces silicon-graphene-enhanced lithium-ion batteries for energy storage and defense markets, with manufacturing facilities located in Canada, the United States, and Europe [6]. Leadership and Contributions - Nima Moghimian has over a decade of leadership experience at NanoXplore, having joined the company in 2015 and played a crucial role in developing proprietary graphene and advanced materials platforms [2][3]. - As head of corporate R&D since 2017, he has overseen technology-driven activities, including product development and regulatory affairs, contributing to the company's evolution from a startup to a global leader [3]. Strategic Importance - The promotion of Nima Moghimian is expected to enhance NanoXplore's growth trajectory, particularly through the development of its patented Dry-Process Graphene, which is seen as a key driver for the company's future profitability [5].

Core Points - NanoXplore Inc. held its Annual Meeting of Shareholders on December 4, 2025, where all resolutions were adopted by shareholders [1] - Rocco Marinaccio, the newly appointed CEO, presented information about the company during the meeting [1] Shareholder Participation - A total of 104,119,646 shares, representing 60.99% of outstanding common shares, were accounted for at the meeting [2] Election of Directors - The number of directors fixed at seven, all nominees were already members of the Board and were elected [3] - Voting results for each nominee showed high approval rates, with all receiving over 99% of votes in favor [4] Appointment of Auditor - PricewaterhouseCoopers LLP was reappointed as the auditor of NanoXplore until the next Annual Meeting, with directors authorized to fix the auditor's remuneration [5] - The auditor appointment received 99.826% of votes in favor [6] Company Overview - NanoXplore is a leading graphene company, manufacturing high-volume graphene powder for transportation and industrial markets [7] - The company also produces graphene-enhanced plastic and composite products, as well as silicon-graphene-enhanced Li-ion batteries for electric vehicles and grid storage [7] - Headquartered in Montreal, Quebec, NanoXplore has manufacturing facilities in Canada, the United States, and Switzerland [7]

Core Viewpoint - NanoXplore Inc. held its Annual Meeting of Shareholders on December 4, 2025, where all resolutions were adopted, and Rocco Marinaccio presented as the new CEO [1] Group 1: Shareholder Meeting Details - A total of 104,119,646 shares, representing 60.99% of outstanding common shares, were accounted for during the Meeting [2] - The shareholders elected the Board of Directors and approved the appointment of PricewaterhouseCoopers LLP as the independent auditor [2] Group 2: Election of Directors - The number of directors fixed at seven, all nominees were already members of the Board [3] - Each nominee received a high percentage of votes in favor, with Rob Wildeboer receiving 99.904% and Soroush Nazarpour receiving 99.935% [4] Group 3: Appointment of Auditor - PricewaterhouseCoopers LLP was reappointed as auditor until the next Annual Meeting, with the directors authorized to fix the auditor's remuneration [5] - The voting results showed 99.826% in favor of the auditor's appointment [6] Group 4: Company Overview - NanoXplore is a leading graphene company that manufactures and supplies high-volume graphene powder for various industrial applications [7] - The company also produces graphene-enhanced plastic and composite products and silicon-graphene-enhanced Li-ion batteries for electric vehicles and grid storage [7] - NanoXplore is headquartered in Montreal, Quebec, with manufacturing facilities in Canada, the United States, and Switzerland [7]

Core Viewpoint - NanoXplore Inc. held its Annual Meeting of Shareholders on December 4, 2025, where all resolutions were adopted, and Rocco Marinaccio presented as the new CEO [1]. Group 1: Shareholder Meeting Details - A total of 104,119,646 shares, representing 60.99% of outstanding common shares, were accounted for during the Meeting [2]. - The shareholders elected the Board of Directors and approved the appointment of PricewaterhouseCoopers LLP as the independent auditor [2]. Group 2: Election of Directors - The number of directors fixed at the Meeting was nine, and all nominees were already members of the Board [3]. - Each nominee received a high percentage of votes in favor, with Rob Wildeboer receiving 99.904% and Soroush Nazarpour receiving 99.935% [4]. Group 3: Appointment of Auditor - PricewaterhouseCoopers LLP was reappointed as auditor until the next Annual Meeting, with the directors authorized to fix the auditor's remuneration [5]. - The voting results showed 99.826% in favor of the auditor's appointment [6]. Group 4: Company Overview - NanoXplore is a leading graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets [7]. - The company also produces graphene-enhanced plastic and composite products and silicon-graphene-enhanced Li-ion batteries for electric vehicles and grid storage [7]. - NanoXplore is headquartered in Montreal, Quebec, with manufacturing facilities in Canada, the United States, and Switzerland [7].

Core Insights - NanoXplore Inc. has entered into an exclusive, long-term supply agreement with Club Car, a leader in the recreational products industry, marking a significant milestone in the company's diversification strategy [1][2][5] Group 1: Partnership and Production - The partnership with Club Car will support the production of graphene-enhanced, high-performance solutions at NanoXplore's new manufacturing facility in Statesville, North Carolina [2][6] - The multi-year agreement will initially focus on using virgin polypropylene (PP) to create lightweight, durable components for recreational equipment, transitioning to graphene-enhanced recycled PP in future phases [3][5] Group 2: Financial Impact - The agreement is projected to generate approximately $15 million in annualized revenues for NanoXplore, with production having already launched in October [5][6] Group 3: Sustainability and Innovation - The collaboration emphasizes a commitment to sustainability, integrating circular economy principles by enhancing the durability and recyclability of materials [4][5] - NanoXplore's technology aims to deliver high-performance products while reducing environmental impact, showcasing sustainability as a competitive advantage [5][6]

Core Viewpoint - NanoXplore Inc. has successfully closed a bought deal private placement, issuing 10,720,350 common shares at a price of $2.40 per share, resulting in gross proceeds of $25,728,840 [1][2]. Group 1: Offering Details - The offering was led by a syndicate of underwriters, including Ventum Financial Corp. and Cormark Securities Inc., along with National Bank Financial Inc., RBC Dominion Securities Inc., Paradigm Capital Inc., and Raymond James Ltd. [2] - The net proceeds from the offering will be utilized for future growth, specifically in dry graphene expansion, as well as for general corporate and working capital purposes [2]. - The offering was completed under the "listed issuer financing" exemption, allowing the common shares to be freely tradeable without a hold period under Canadian securities laws [3]. Group 2: Insider Participation - Martinrea International Inc., an insider of the Corporation, subscribed for 2,343,750 common shares, amounting to approximately $5,625,000, thereby maintaining its interest in NanoXplore [4]. - The insider's participation is classified as a "related party transaction," and the Corporation relied on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 3: Company Overview - NanoXplore is a leading graphene company that manufactures and supplies high-volume graphene powder for various industrial applications, including transportation and electronics [8]. - The Corporation also produces silicon-graphene-enhanced Li-ion batteries for electric vehicles and grid storage markets, with manufacturing facilities located in Canada, the United States, and Europe [8].