TORONTO, Jan. 24,
2024 /CNW/ - Black Swan Graphene Inc. ("Black
Swan") (or the "Company") (TSXV: SWAN) (OTCQB: BSWGF)
(Frankfurt: R96) is pleased to announce the establishment of a
Distribution and Sales Agreement (the "Agreement") with
Thomas Swan & Co. Ltd.
("Thomas Swan"), effective as
of January 23, 2024. This Agreement
leverages the existing strategic partnership and positions
Thomas Swan as a value-added
non-exclusive distributor and reseller of Black Swan's innovative
Graphene Enhanced Masterbatch ("GEM") products in the
polymer additive market.
Black Swan's recently achieved groundbreaking advancement in
polymer composites using GEMs (see press release dated
January 17, 2024). Thomas Swan will now distribute and
significantly broaden the market presence of these GEM products
through its Polymer Performance Solutions division where it
possesses proven expertise in delivering value-add solutions to
both the rubber and polymer markets, in addition to its chemical
formulation expertise. The Agreement outlines the terms and
conditions of the partnership, fostering collaboration and growth
in the global market whilst embracing Black Swan's approach to
avoid supply chain disruption.
Harry Swan, Chief Executive
Officer of Thomas Swan and Chairman
of Black Swan, commented: "Our journey in graphene commenced over a
decade ago. After dedicated years of investing in graphene
processing development, we established Black Swan to champion
commercialization and downstream ventures. The efforts invested by
Black Swan from its inception have now culminated in the creation
of products ready for immediate commercial deployment, where they
can be adopted without any supply chain disruption. Armed with this
achievement, I am genuinely thrilled that Thomas Swan is now poised to harness its
distribution channels and market access."
This partnership has the potential to introduce a paradigm shift
in sustainability through the innovative use of bio-based and
recycled polymers using GEM as the enabler of features such as
improved strength, impact resistance and barrier properties. These
features will allow major companies to reduce their carbon
footprint through the use of compostable consumer packaging
materials. Thomas Swan has been
distributing, as well as manufacturing chemicals and advanced
materials since 1926, and is today a supplier to a substantial
customer base in over 80 countries globally.
Distribution and Sales
Agreement
Thomas Swan is appointed as
non-exclusive distributor and reseller of Black Swan's GEM Products
within the polymer additive market, leveraging its extensive global
network. The Agreement shall remain in force until the fifth
anniversary of its effective date. Both parties have the option to
renew the Agreement upon mutual agreement. The terms include the
establishment of a framework for transparent pricing, shipment
logistics, documentation provision, invoicing, payment terms, and
other respective responsibilities.
About Thomas Swan & Co. Ltd.
Thomas Swan & Co. Ltd. was
founded in the UK in 1926 and remains an independent family owned
and run performance and specialty chemical manufacturing company.
The company turns over approximately £44.5m per annum, employs 153
people and exports approximately 70% of its products to over 80
countries from its manufacturing headquarters in the Northeast of
England. It has offices in the
USA and China along with local warehousing to better
support its customers in these regions. The business is comprised
of two divisions: Performance Chemicals and Custom manufacture.
For more information, please contact Jo
Hind-Morton on +44 (0)1207 505 131.
Or visit: www.thomas-swan.co.uk
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. 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.
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 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