Tuesday, January 24, 2017

Great Lakes Graphite receives order for 20 tons Cg

2017-01-24 09:50 ET - News Release

Mr. Paul Gorman reports
Great Lakes Graphite Inc. has received an order for 20 tons of synthetic graphite from an international customer, located in the Middle East. A series of qualification tests will be performed on the material to confirm suitability for use in the steel industry, which represents a new and growing market opportunity.

Senior vice-president of sales Mike Coscia said: "Our international marketing program has developed into a substantial initial order for 20 tons of material. We are confident our product will deliver the performance that is required by this customer, based on engineering a material that meets the exact standards for the application. A positive outcome from these tests will qualify our material for a customer who currently consumes between 3,000 to 4,000 tons of graphite per year."

Great Lakes Graphite chief executive officer Paul Gorman commented: "We see this development as a validation of our strategy to target a variety of product segments. While our sales and marketing efforts have been focused upon North America, we are receiving a growing number of inquiries and sample requests from prospective customers around the world."

About Great Lakes Graphite
Great Lakes Graphite is an industrial minerals processing company working to supply customers with innovative, high-quality value-added carbon products. The company is party to an agreement for shared use of a portion of an industrial facility located in Matheson, Ont., owned by Northfil Resources Ltd., as well as for supply of high-quality natural graphite concentrate (see news release dated March 23, 2015), which have positioned Great Lakes Graphite to become an emerging domestic manufacturer and supplier of micronized products to a growing regional customer base where pricing and demand continue to rise.
We seek Safe Harbor.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.