NanoXplore Announces Supply Agreement With Club Car at Newly Commissioned Facility, Expanding Into Recreational Products Market

MONTREAL, Nov. 12, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, is pleased to announce it has entered into an exclusive, long-term supply agreement with Club Car.

We are pleased to announce the successful onboarding of Club Car, a leading name in the recreational products industry at our newly launched, state-of-the-art manufacturing facility in Statesville, North Carolina. This partnership will support the production of graphene-enhanced, high-performance solutions, underscoring our commitment to innovation and advanced materials. The addition of Club Car to our growing customer portfolio marks a significant milestone in the company’s diversification strategy, expanding our reach and revenue opportunities beyond our traditional focus in the transportation sector.

This multi-year agreement showcases NanoXplore’s leadership in providing customers with graphene-enhanced solutions, starting with virgin polypropylene (PP) to produce lightweight, durable components for recreational equipment. In the next phase, Club Car will transition to graphene-enhanced recycled PP sourced from NanoXplore’s Canuck Compounders, combining performance with sustainability.

This forward-thinking approach supports circular economy principles, restoring and strengthening recycled materials, improving their durability, recyclability, and lifecycle performance. This project illustrates our commitment to developing innovative, high-performance solutions that incorporate environmental considerations.

"Securing a leading customer in the recreational products sector represents a key milestone in our growth strategy," said Rocco Marinaccio, current COO and incoming CEO of NanoXplore. "Expanding into this dynamic market allows us to diversify beyond transportation revenues and reinforces our position as a versatile provider of high-performance, eco-friendly, graphene-enhanced solutions. Our graphene-enhanced recycled PP technology demonstrates how sustainability can be a true competitive advantage—delivering products that perform like new while reducing environmental impact."

The agreement is projected to generate approximately $15 million in annualized revenues for NanoXplore, with production already launched in October.

The commissioning of our new state-of-the-art facility and the addition of a key customer in the recreational products sector highlight NanoXplore’s ongoing growth momentum. This milestone reflects our progress in developing graphene-enhanced technologies that improve product performance and resource efficiency. By integrating measurable sustainability practices, such as reducing energy consumption and material waste, we aim to strengthen long-term revenue streams and responsibly contribute to the future of high-performance manufacturing.

About NanoXplore

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 Li-ion battery manufacturer for the energy storage, defense and industrial markets. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe.

About Club Car

Club Car is a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models. Club Car is an industry leader in electrification and sustainability, at the forefront of environmentally responsible Zero Emission Vehicle (ZEV) technologies.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “foresee”, “grow”, “expect”, “plan”, “intend”, “forecast”, “future”, “guidance”, “may”, “predict”, “project”, “should”, “strategy”, “target”, “will” or similar expressions suggesting future outcomes.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in NanoXplore’s most recent annual management discussion and analysis filed on SEDAR+ at  which may cause NanoXplore’s actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, notably as a consequence of the COVID-19 pandemic. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise.

Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.

No securities regulatory authority has either approved or disapproved the contents of this press release.

For further information, please contact:

        

Pierre Yves Terrisse

Vice-President Corporate Development



Tel: 1 438 476-1965