Great Lakes Graphite Receives Purchase Order From Western European Industrial Customer
February 4, 2017
TORONTO, ONTARIO--(Marketwired - Feb 3, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(8GL.F) announces today that the Company has received a purchase order for 400 kilograms of micronized natural flake graphite from a large corporation headquartered in Western Europe with two production facilities in North America and a third production facility in the Middle East. The customer was provided with an initial sample of two kilograms of material for qualification testing and is now purchasing a larger quantity to conduct production-scale qualification tests.
The customer manufactures foams and chemicals that are used in a number of industries to make a wide range of products that include range from a wood substitute used in signage to cryogenic applications used in natural gas production processes. In this particular case, the customer is targeting improved performance for a particular set of products, which has been achieved by adding graphite.
Great Lakes Graphite Chief Executive Officer Paul Gorman said, "We are excited to be working with this customer for a number of reasons. The customer represents new markets for us, both geographically and also in terms of the targeted application set. We have been enjoying strong early success with our synthetic graphite products and are now gearing up marketing efforts for our natural flake graphite products. We are continuing to work through our partners to manage the production of these initial orders and are able to do so until such time as we are prepared to initiate and transition manufacturing operations to the Matheson facility."
Mike Coscia, GLK's Sr. Vice President of Sales said, "Product qualifications typically take several months. In this case we sent initial samples just before Christmas and the customer was able to put the material through their initial qualification protocol very quickly. Our sampling program is proving to be an effective means of attracting prospects and serves as an excellent entry point for beginning the conversion process of turning leads into customers."
Additional Purchase Orders Received From US Industrial
Great Lakes Graphite is pleased to announce that it has received an additional two purchase orders for a combined forty tons of synthetic graphite products from the large US-based industrial company who has purchased over four hundred and fifty tons of graphite from the Company to date.
Corporate Update - Board Chairman Appointed
The Company also wishes to announce that the Board of Directors has appointed Richard Lane as Chairman of the Board of Directors, effective immediately.
