The international technology company executes on its plans to increase graphite production globally and to onshore mid-stream critical mineral supply chains, including its first production facility in North America
ROYAL OAK, Mich.–(BUSINESS WIRE)–Graphex Technologies LLC, a wholly owned U.S. subsidiary of Graphex Group Limited (NYSE American: GRFX | HKSE: 6128, collectively �Graphex), a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) Lithium-ion (Li-ion) batteries, today provided an update that reflects on milestones achieved and objectives for the year.
As an international technology company, Graphex is currently among the top 10 suppliers of specialized spherical graphite to the EV and renewable energy industries with a global expansion strategy that is aligned with energy transition and electrification efforts worldwide. As the projected demand for EVs and other sustainable energy solutions continue to grow, there is a correlated increase in demand for the critical minerals necessary to manufacture the Li-ion batteries that power them. Equally as important, the tremendous momentum to localize end-to-end processing and production capabilities into North America and to source materials from more user-friendly regions is at the highest intensity in decades. Call it onshoring, nearshoring, or friendshoring Graphex is uniquely positioned to meet the need.
Since becoming listed on NYSE American in August 2022, Graphex has continued executing actions to achieve its business objectives, including:
By diversifying upstream and expanding downstream, Graphex is uniquely positioned to seize the opportunity presented by the electrification movement in both mobility and energy storage, said John DeMaio, CEO of Graphex Technologies. Our decade of experience producing quality anode material at scale coupled with our agility to bring production facilities online quickly solves several hard problems facing the industry today. We believe that our measured and intelligent approach balances speed with caution, boldness with experience, and strategic investment with lean operations to provide short-term and long-term solutions to the industry as well as attractive returns for us and our shareholders. The further addition of our Strategic Advisory Committee is another exciting milestone that is expected to significantly accelerate our growth strategy.
To learn more about Graphex, please visit www.graphexgroup.com
??About Graphex
Graphex Group Limited is a Cayman Island company with principal and administrative offices in Hong Kong and subsidiary office in Royal Oak, MI. Graphex is a global leader in the industry focused on the development of technologies and products for the enhancement of renewable energy, particularly the enrichment of spherical graphite and graphene, key components for Electric Vehicle (EV) batteries, Lithium-ion batteries, and other use cases. Proficient in commercial deep processing of graphite, Graphex has been consistently producing over 10,000 metric tons of spherical graphite annually for over 9 years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.
Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, likely, potential, continue or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.
Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.
This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.
Contacts
Corporate:
Graphex Group
info@graphexgroup.com
www.graphexgroup.com
Investor Relations:
RedChip Companies, Inc.
Todd McKnight
917 349-2175
todd@redchip.com
Public Relations:
FischTank PR
Graphex@fischtankpr.com
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