TORONTO, July 23,
2024 /CNW/ - Black Swan Graphene Inc. ("Black
Swan" or the "Company") (TSXV: SWAN) (OTCQB: BSWGF)
(Frankfurt: R96) is pleased to announce a Commercial Agreement (the
"Agreement") with Broadway Colours Ltd. ("Broadway"),
a leading United Kingdom based
manufacturer of colour and additive masterbatches, plastic
compounds, and rotational moulding powders. Broadway supplies
moulders across the United
Kingdom, Europe and
internationally. Notably, their high-quality materials are
specified by a number of multinational consumer goods companies for
use in their branded packaging. This strategic partnership aims to
accelerate the commercialization of Black Swan's graphene products
by leveraging Broadway's technical expertise, manufacturing
capabilities, distribution and market reach.
As part of the Agreement, Broadway will utilize Black Swan's
graphene nanoplatelets (GNP) in the manufacture of their Graphene
Enhanced Masterbatches ("GEMs"), bringing the remarkable
benefits of graphene to their diverse customer base in plastic
manufacturing. Both parties will leverage their commercial teams to
advocate the benefits of GEMs in global markets, utilizing their
research and development capabilities and application support. The
Agreement includes provisions for joint marketing initiatives to
promote the parties' revolutionary eco-friendly products.
Broadway will manufacture GEMs, aiming to achieve best-in-class
market pricing and inventory management for existing customers and
new prospects, servicing a variety of market sectors including
consumer goods, packaging, automotive, construction, defense,
marine and logistics. Their new product range will also include a
bio-based polymer GEM, providing an eco-friendly alternative to
existing products and set for widespread adoption throughout the
industry.
Simon Marcotte, President and
Chief Executive Officer of Black Swan, commented: "We are excited
to partner with Broadway, a trusted name in the masterbatch
manufacturing industry. This collaboration will enhance our ability
to deliver high-performance graphene-enhanced products to a broader
market, accelerating their adoption as we continue to roll out our
commercialization efforts in Europe, North
America and internationally."
Joe Maynard, Founder and Managing
Director of Broadway, added: "Partnering with Black Swan represents
a significant step forward in our commitment to providing
cutting-edge solutions to our customers. We are excited to bring
cost-efficient graphene enhanced masterbatches to market by
integrating Black Swan's advanced graphene into our formulations,
driving innovation, and meeting the evolving needs of various
industries."
About Broadway Colours Ltd.
Broadway is a renowned manufacturer of masterbatches, plastic
compounds, and rotational moulding powders, with over 25 years of
experience. The company is dedicated to providing high-quality,
customized materials to meet the unique requirements of plastic
moulders serving many market sectors across the UK and Europe.
For more information, please visit: www.broadwaycolours.com
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,
Concretene and Arup Group Ltd. ("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.
More information is available
at: 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 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.
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SOURCE Black Swan Graphene Inc.