Thomas Swan & Co. Ltd. today announced that it has completed a joint venture transaction with Canadian-based Mason Graphite Inc. to launch a new company, Black Swan Graphene (BSG), that aims to establish a large-scale commercial production facility in Québec, Canada. BSG, has acquired the graphene patent and know how from Thomas Swan in return for £3M in cash, 33.33% of the shares in BSG and a back-licence that allows Thomas Swan to continue to manufacture and sell smaller quantities, up to 1000T per year, of graphene. Two Thomas Swan directors, Harry Swan, CEO and Owner and Michael Edwards, Business Director for the Advanced Materials Division, will also join the Board of BSG. In addition, Thomas Swan will provide its exclusive technical, production and commercialisation expertise through a Services Agreement to ensure BSG’s rapid growth and success.
BSG is expected to list on a Canadian Stock Exchange within the coming months as it targets the rapid expansion of bulk graphene production and application development.
Mr. Harry Swan, Chief Executive Officer and owner of Thomas Swan, commented: “After a thorough review of the carbon industry and a long discussion process with several market participants, we are very excited to start this new venture with Mason Graphite, which is advancing a unique graphite project, developing a broad range of carbon related products, and working with several high-profile technical partners. This partnership creates a more efficient supply chain, which will solidify and accelerate the deployment of our graphene processing technology within a burgeoning industry.”
Mr. Fahad Al-Tamimi, Chairman of Mason Graphite, commented: “We couldn’t be more excited to embark on this new venture with Thomas Swan, a highly respected and dynamic company, in the promising world of graphene. Graphene is no longer theoretical, but undergoing a transformative progress in applications, production, and commercialisation. Yet very few companies are able to produce high performance graphene at a cost sufficiently low to penetrate industrial markets; I believe Black Swan Graphene will be one of them.”