Mr. Soroush Nazarpour reports

NANOXPLORE ANNOUNCES SUCCESSFUL COMMISSIONING OF GRAPHENE-ENHANCED SILICON AND ANODE ACTIVE MATERIAL PILOT LINES

Nanoxplore Inc. has successfully commissioned two anode material pilot lines, achieving remarkable energy density and product validation. This marks a pivotal moment in Nanoxplore's continuing commitment to advancing sustainable energy storage solutions.

Nanoxplore's proprietary silicon graphene technology (SiG) produced in the pilot line, has achieved an outstanding energy density of 1,150 Wh/L (watt-hours per litre) and demonstrated compatibility with conventional graphite anodes, resulting in an energy density of over 800 Wh/L. Nanoxplore remains dedicated to pushing the boundaries of energy storage capabilities using its advanced materials technology. The SiG family is supported by 11 patents which cover a range of different chemistries and extend to all cylindrical cell form factors.

The commissioning of the SiG pilot line was completed in September, 2023, marking a timely achievement in line with the company's strategic goals. The current commissioned capacity is 100 tons per year. The anode material has been successfully validated in 21,700 cylindrical cells, further emphasizing the adaptability and compatibility of the technology with established cell form factors.

By leveraging low-cost feedstock, the corporation ensured cost competitiveness in the market and positioned itself as a leader in delivering high-performance energy storage solutions at an economical price point.

Additionally, Nanoxplore is excited to announce key highlights of SG-X pilot line commissioning, featuring three coated spherical purified graphite (CSPG) anode materials. The company has three validated and available CSPG products, covering a wide range of performances and applications. This diversity enables Nanoxplore to address a broad spectrum of market needs with tailored solutions.

The commissioning of the CSPG pilot line is now completed and can operate with a capacity of 200 tons per year.

Soroush Nazarpour, Nanoxplore's chief executive officer, expressed enthusiasm about these successes: "As we mark the commissioning and validation of our two anode material pilot lines, I would like to underscore Nanoxplore's dedication to innovation in the battery space, and commitment to delivering cost-competitive and high-performance solutions that redefine the energy storage landscape. The outstanding energy density achieved with our silicon graphene technology demonstrates the transformative potential of our advancements. With our CSPG products, we are committed to offering diverse, tailored solutions to meet our customers' evolving needs. Both these materials are currently being used in VoltaXplore's batteries, and are important technology differentiators for VoltaXplore's business and its upcoming gigafactory."

About Nanoxplore Inc.

Nanoxplore is a graphene company and a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The corporation is also a silicon-graphene-enhanced lithium-ion battery manufacturer for the electric vehicle and grid storage markets. Nanoxplore is headquartered in Montreal, Que., with manufacturing facilities in Canada, the United States and Europe.

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