NanoXplore Says Dry-Process Graphene Module Is Near Completion as It Pushes for New Product Grades

NanoXplore said on April 8, 2026 that it is nearing completion of its dry-process graphene module, a milestone the company says could broaden its product lineup and support higher output as it works to turn recent commercial wins into recurring business.

• The company said the module is close to completion.
• NanoXplore said the upgrade could unlock new product grades.
• The company pointed to recent agreements with Club Car, Volvo Trucks and Chevron Phillips Chemical.

Dry-Process Buildout Nears a Key Step

In a shareholder address published April 8, NanoXplore said the dry-process graphene module is approaching completion and described it as a technical milestone for the company. The Montreal-based materials group said the upgrade is intended to support new product grades and expand its addressable markets.

NanoXplore also said the imminent launch of the dry-processed mill would increase its capacity by 25%, taking total yearly volume potential to 5,000 metric tons, according to the company’s statement.

Commercial Momentum Builds

The company tied the manufacturing update to a series of recent business wins. NanoXplore said it secured new agreements with Club Car, Volvo Trucks and Chevron Phillips Chemical, calling them signs that graphene-based materials are moving further into large-scale commercial use.

Among the agreements cited, NanoXplore said its work with Volvo Trucks added $10 million in business and lifted its incremental revenue pipeline to about $50 million over the next 24 months. It also said a multi-year agreement with Chevron Phillips Chemical for its Tribograf powder validated the performance of its advanced materials in oil and gas applications.

What the Company Says Comes Next

NanoXplore said it is also working to strengthen profitability through improved margins, operating leverage and disciplined cost control. The company said capital spending should decline as it completes the current expansion cycle.

The update follows a period in which NanoXplore said liquidity in calendar first-quarter 2026 was more than three times higher than in the same period a year earlier. The company framed that improvement as part of a broader effort to support growth while maintaining financial discipline.

What to Watch

Investors and customers will be watching whether NanoXplore completes the dry-process module on schedule and whether the new agreements begin to translate into steady revenue. The next key question is whether the company can move from pilot and program wins to larger-volume sales as it expands production capacity.