XGS and Sinochem sign MoU to develop graphene-based composites

摘要

XG Sciences,Inc.has announced that it has entered a memorandum of understanding to participate in developing advanced composites in China based on its xGnP graphene nanoplatelets.The Agreement strengthens the on-going relationship among the parties through creation of the Graphene Applications Development Center(GADC),a joint venture company between Sinochem Plastics Co.,Ltd.(“Sinochem”)and Yuyao PGS New Material Technology Co.,Ltd.(“PGS”)in the Sino-Italy Ningbo Ecological Park in Yuyao City.The parties recently partnered to bring new graphene enhanced anti-corrosion coatings to industrial and marine applications.Under the Agreement,graphene-enhanced thermoplastic composites will be developed by GADC and will exclusively leverage graphene nanoplatelets produced by XGS.The parties target a range of thermoplastic materials and end-use markets including automotive,industrial and consumer items such as clothing.Products resulting from the collaboration will be manufactured and sold in China through Sinochem and PGS.