Mr. Rocco Marinaccio reports

NANOXPLORE ANNOUNCES SUPPLY CONTRACT WITH CHEVRON PHILLIPS CHEMICAL

Nanoxplore Inc. has entered into a significant supply agreement with Chevron Phillips Chemical. This multiyear supply contract is to provide Tribograf, a proprietary carbon product produced in Nanoxplore's graphene production facility in Montreal, Canada.

Drilling Specialties, a division of CPChem, alongside Nanoxplore, developed and tested formulations based on Tribograf for use as a lubricant in oil and gas drilling fluids. This lubricant is trademarked as NanoSlide and is currently commercial, with very successful customer feedback and production orders under way.

Tribograf enables superior lubrication properties as expected from high-aspect ratio graphene, and, unlike typical graphene products, it does not cause flow restriction. For example, NanoSlide has been used in some of the most challenging geological formations like tight oil reservoirs, low permeability and low porosity and on extended-reach laterals resulting in a lower co-efficient of friction and shorter drilling time.

This agreement underscores CPChem's commitment to delivering innovative and cost-efficient solutions to its customers.

Starting in October, Nanoxplore will supply Tribograf to CPChem under a new long-term agreement. This marks an important step in expanding the commercial use of Tribograf and reinforces Nanoxplore's vision to be a leading supplier.

"This agreement reflects our shared focus on driving innovation and enhancing product efficiency," said Jay Bickett, senior vice-president, polymers and specialties, at CPChem. "We look forward to creating meaningful value for customers through this collaboration."

"After years of collaborative work, we are proud to achieve this significant milestone for Nanoxplore. This contract reflects our belief that advanced carbon materials can deliver impactful value across various industrial applications," said Rocco Marinaccio, chief operating officer at Nanoxplore.

About Nanoxplore Inc.

Nanoxplore is a graphene company, 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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