2 days ago
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Black Swan Graphene secures distribution in India
Black Swan Graphene (TSXV:SWAN) signed a non-exclusive distribution and sales agreement with METCO Resources, a top supplier of specialty materials and polymers in India
Black Swan is pursuing large-scale production of patented high-performance graphene products for strategic industries
Black Swan Graphene stock has given back 20.19 per cent year-over-year
Black Swan Graphene (TSXV:SWAN) signed a non-exclusive distribution and sales agreement with METCO Resources, a top supplier of specialty materials and polymers in India.
Black Swan will provide its graphene-enhanced masterbatches (GEM) for numerous polymer applications. The product is designed to enhance the weight, processing and conductivity of materials for a wide variety of industrial clients, seamlessly integrating into existing supply chains while potentially reducing additive costs.
METCO Resources, for its part, will distribute and promote Black Swan's graphene nanoplatelets and GEM masterbatch products to customers in India's industrial, packaging, automotive and construction industries.
According to Friday's news release, the agreement 'marks a significant step in expanding Black Swan's global footprint and accelerating the adoption of graphene-based solutions in one of the fastest-growing markets in the world.'
The global graphene market hit US$570.3 million in 2024 and is expected to surpass US$5.1 billion by 2032, posting a staggering compound annual growth rate of 31.8 per cent. Leadership insights
'This partnership with METCO aligns with our strategy to collaborate with experienced regional players who understand the local market needs and have strong technical and commercial capabilities,' Michael Edwards, Black Swan Graphene's chief operating officer, said in a statement. 'India is a rapidly growing market for advanced materials, and we are excited to introduce our graphene-enhanced solutions to a broader audience through this collaboration .'
'We are proud to partner with Black Swan, a recognized innovator in advanced materials,' added Jitendra Mehta, managing director of METCO. 'Their graphene-enhanced masterbatches offer tremendous potential to improve performance and sustainability in polymer applications. Our team is eager to bring these next-generation materials to Indian manufacturers seeking to gain a competitive edge.' About Black Swan Graphene
Black Swan Graphene is pursuing large-scale production of patented high-performance graphene products for strategic industries. The company has launched seven products since 2024, all of which are currently being tested by numerous international clients.
Black Swan Graphene stock (TSXV:SWAN) last traded at C$0.83. The stock has given back 20.19 per cent year-over-year.
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