TORONTO, May 8, 2023
/CNW/ - Black Swan Graphene Inc. ("Black Swan") (or the
"Company") (TSXV: SWAN) (OTCQB: BSWGF) (Frankfurt: R96) is
pleased to announce a shipment of product to Nationwide Engineering
Research & Development ("NERD") for an upcoming concrete
pour in the United Kingdom. A
picture of the shipment is available below.
This commercial shipment follows the announcement of a
partnership between Black Swan, NERD, and Arup Group Limited, aimed
at providing an integrated supply chain and a turnkey solution to
the concrete and construction industries (see press release dated
March 27, 2023).
The upcoming concrete pour will use Black Swan's graphene
product in a total of 180 tonnes of concrete for the construction
of an industrial park near Redruth, Southwest England. The industrial park will
offer 14 industrial units ranging from 2,500 and 3,500 sq ft, with
the graphene-enhanced concrete being used for the external concrete
aprons. This is the second time this developer has used the
technology provided by NERD, having previously used it in the
construction of an industrial park in Warminster, approximately 170 km west of
London, United Kingdom.
Rob Hibberd, President and Chief
Executive Officer of NERD, commented: "We're thrilled to announce
another commercial concrete pour using our innovative graphene
enhanced Concretene. This endeavor not only speaks to the positive
response and interest in our proposition but is yet another
opportunity to monitor the long-term real-life performance of our
product. We look forward to continuing to innovate and collaborate
with our partners to deliver cutting-edge solutions to the
construction industry."
Corporate Matter
The Company has granted, to a recently hired officer, 500,000
stock options exercisable at a price of CA$0.17 per share for a
period of five years from their date of grant (May 2, 2023). These options are subject to
vesting as to one third immediately upon grant, and one third on
each of the first and second anniversary of the grant.
About Black Swan Graphene
Inc.
Black Swan is focused on the large-scale production and
commercialization of patented high-performance and low-cost
graphene products aimed at several industrial sectors, including
concrete, polymers, Li-ion batteries, and others, which are
expected to require large volumes of graphene. Black Swan aims to
leverage the low cost and green hydroelectricity of the province of
Québec as well as the proximity of the province's emerging graphite
industry in order to establish an integrated supply chain, reduce
overall costs, and accelerate the deployment of graphene usage. On
March 27, 2023, Black Swan,
Nationwide Engineering Research and Development Ltd.
("NERD") and Arup Group Limited ("Arup") announced
strategic partnerships, establishing a fully integrated supply
chain and providing a turnkey solution for the construction and
concrete industries. Arup is a multinational engineering
consultancy headquartered in London,
United Kingdom, with 18,000 experts working across 140
countries. Black Swan's graphene processing technology was
developed by Thomas Swan & Co.
Ltd ("Thomas Swan") over the
last decade. Thomas Swan is a
United Kingdom-based global
chemicals manufacturer, with a century-long track record and has
been at the forefront of graphene innovation.
For more information, please visit:
www.blackswangraphene.com
Black Swan Graphene Inc. on behalf of the Board of
Directors
Simon Marcotte,
CFA, President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking
Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable securities
legislation. Forward-looking statements relate to information that
is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements,
including, without limitation: risks related to the TSXV listing,
risk related to the failure to obtain adequate financing on a
timely basis and on acceptable terms; risks related to the outcome
of legal proceedings; political and regulatory risks associated
with the industry; risks related to the maintenance of stock
exchange listings; risks related to environmental regulation and
liability; the potential for delays in development activities or
the completion of feasibility studies; the uncertainty of
profitability; risks related to the inherent uncertainty of
production and cost estimates and the potential for unexpected
costs and expenses; results of a scoping and feasibility studies,
and the possibility that future results will not be consistent with
the Company's expectations; risks related to commodity prices
fluctuations; and other risks and uncertainties related to the
Company's prospects, properties and business detailed elsewhere in
the Company's disclosure record. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described in forward-looking statements. Furthermore, performance
results of graphene products as additives can vary widely depending
on type and the specificity of the target material, the specifics
of the graphene product itself, including but not limited to,
carbon purity, particle size, surface agent, dispersion behavior,
and application and usage methods. Investors are cautioned against
attributing undue certainty to forward-looking statements and
initial test results. These forward-looking statements and test
results are made as of the date hereof and the Company does not
assume any obligation to update or revise them to reflect new
events or circumstances, except in accordance with applicable
securities laws. Actual events or results could differ materially
from the Company's expectations or projections.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/black-swan-graphene-announces-shipment-for-industrial-park-concrete-pour-301818048.html
SOURCE Black Swan Graphene Inc