GREAT LAKES GRAPHITE FULFILLS INITIAL PURCHASE ORDER FROM GRAPHENE MANUFACTURER

2018-08-02

Aug. 01, 2018 - Great Lakes Graphite Inc., doing business as NovoCarbon Corporation, (“GLK”, “NovoCarbon” or the “Company”) 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.”