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 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 Insights - NanoXplore Inc. reported a significant decrease in total revenues for Q1-2026, amounting to $23,442,651, which is a 30% decline compared to $33,665,414 in Q1-2025 [4][12] - The company is experiencing historical low volume demand from its two largest customers, with recovery expected in the second half of the fiscal year [3][4] - New contracts with Chevron Phillips Chemical and Club Car are anticipated to generate revenue starting in Q2-2026, partially offsetting the current decline [3] Financial Performance - Total revenues decreased by $10,222,763, or 30%, from the previous year, primarily due to lower volume and tooling revenues [12][13] - Adjusted gross margin on revenues from customers fell to 17.3% from 20.9% year-over-year, reflecting a decrease of $3,074,190 due to lower sales volume [4][17] - The company reported a loss of $3,776,330 for Q1-2026, compared to a loss of $2,719,012 in Q1-2025 [4][7] Segment Performance - Revenues from the Advanced Materials, Plastics and Composite Products segment decreased by 31%, from $33,635,593 in Q1-2025 to $23,163,536 in Q1-2026 [10] - The Battery Cells and Materials segment saw a significant increase in revenues, rising by 836% to $279,115 from $29,821 in the previous year [10][11] - Adjusted EBITDA loss for the Advanced Materials segment was $1,318,758, a decline of 187% compared to the previous year, while the Battery Cells segment improved its adjusted EBITDA loss to $71,343, a 82% improvement [10][14] Strategic Initiatives - The company has entered into a multi-year supply agreement with Chevron Phillips Chemical for its proprietary product, Tribograf, which is expected to enhance long-term growth [3] - The commissioning of a new facility in Statesville, North Carolina, is seen as a key milestone for scaling graphene volume sales [3] - The transition of CEO roles is aimed at focusing on long-term strategic growth and enhancing shareholder value [3]

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]

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 its fourth quarter and year-end results for the period ending June 30, 2025, on September 17, 2025, at 10:00 a.m. Eastern Time [1][2] - The financial results will be released on September 16, 2025, after market close [1]