01:24:04 EDT Thu 02 May 2024
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Saint Jean Carbon Inc
Symbol SJL
Shares Issued 175,414,160
Close 2017-02-28 C$ 0.185
Market Cap C$ 32,451,620
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Saint Jean receives graphite anode order from Panasonic

2017-02-28 10:11 ET - News Release

Mr. Paul Ogilvie reports

SAINT JEAN CARBON RECEIVES ORDER FROM PANASONIC

Saint Jean Carbon Inc. has received its first order from Panasonic Corp. to supply graphite anode material to its manufacturing facility. The order consists of two different material specifications. Panasonic is one of the largest battery manufacturers in the world and makes batteries for companies like Tesla, Toyota, Volkswagen and many other large corporations.

Paul Ogilvie, chief executive officer, commented: "After more than two years of working on material specifications, sampling and reworking, we could not be more pleased than to finally ship finished material to our customer. The order is part of an off-take agreement to supply multiple tonnes of anode material monthly for a number of years. We are hopeful that the electric car business continues to grow at this rate as that will continue to push our demand and create more and more opportunities for us. We consider today as our greatest accomplishment; to be recognized and awarded with an order to supply one of the world's best technology companies is a tremendous accomplishment for the team."

Prof. Zhongwei Chen, chief technology officer, commented: "Our research and constant striving to create the best-in-class anode material is starting to pay off. Our goal is to have the ability to create material for any customer's specification on the highest level of consistency and quality."

The company will ship the first order within 90 days. The company will continue to work with all of its other interested battery companies, and continue to help create better turnkey solution for anode materials and work to create higher performance that may untimely mean higher performance batteries.

About Saint Jean Carbon Inc.

Saint Jean is a carbon science company with specific interests in energy storage, and green energy creation and green recreation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada.

We seek Safe Harbor.

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