NanoXplore Inc. (OTCMKTS:NNXPF) (CVE:GRA) Stock Moves Up: What’s The Buzz?

NanoXplore Inc. (OTCMKTS:NNXPF) (CVE:GRA) stock is witnessing mild gains in the opening session on Wednesday on moderate volume.

Market Reaction:

As of 11:03, NNXPF stock moved up 9% to $2.79 with more than 18.70K shares, compared to  its average volume of 29.38K million shares. The stock has moved within a range of $2.5740 – 2.7700 after opening the trade at $2.574.

Major Trigger:

NanoXplore Concludes Agreement to Supply Techmer PM, LLC, with GrapheneBlack™

• NNXPF announced that it has entered into a multiyear agreement to supply GrapheneBlack™ grade of products to Techmer PM, LLC, which agreement includes a customer-based exclusivity.
• Based in Tennessee, Techmer PM is one of the largest plastic compounders in North America, specializing in modifying and fine-tuning the properties of technical polymers. Supported by worldwide manufacturing capabilities, Techmer PM will market its graphene-enhanced plastic compounds to a variety of industries in a number of diverse end uses and applications.
• Graphene can deliver a host of benefits to various plastic formulations, to include boosting the strength of recycled resins, improving electrical conductivity properties, enabling lightweighting, and enhancing both barrier effectiveness and chemical resistance. Techmer PM’s aim is to provide the highest performance properties possible across a wide spectrum of compounds and end products, which makes this agreement a significant technology collaboration for the Corporation.

Key Quote:

“We are a materials design company using leading-edge technologies to design customer and market-focused solutions. The long-term agreement with NanoXplore complements our approach, which is to customize solutions to maximize performance through collaborations and the leveraging of leading-edge technology.”