Canada Carbon Inc. (formerly Bolero Resources Corp.) (the "Company" or "Canada Carbon") is pleased to announce that it has entered into an Exclusive Distribution Agreement ("Agreement") between Canada Carbon Inc., and CGT Carbon GmbH ("CGT Carbon" or "CGT"), a German company.
This gives Canada Carbon the exclusive right to market, distribute and sell any and all products in the territory of Canada, Mexico and New York, Pennsylvania, Ohio, Michigan, Illinois, Wisconsin, Massachusetts, Maryland, New Jersey and Indiana.
The term of the Agreement is ten years with an option to renew for two additional ten-year periods. This will give Canada Carbon the exclusive distribution rights to sell a number of very high quality graphite products including; carbon composites, foils and sheets, graphite felts, and a range of specialty compounds. The products are in turn used in a broad cross-section of industrial applications ranging from metallurgy and non-ferrous metal production to chemical industries, gas infiltration systems, reactor and vessel linings, heat exchangers, semi-conductor and photovoltaic applications.
Paul Ogilvie, CEO Canada Carbon commented: "The Agreement helps us further solidify our position as a carbon sciences company. This will bring us closer to graphite customers, and help generate revenue."
Roland Hackl, President CGT Carbon comments: "We choose Canada Carbon because of their commitment to being 100% customer centric and their knowledge of the North American Graphite Industry. We feel even with the best quality products in the world, our partners must have relationships and the ability to understand the customers and their needs."
Canada Carbon is committed to developing and expanding its role as a vertically integrated supplier across the graphite and carbon sector. This will include the exploration and development of its five wholly owned natural graphite properties in Ontario and Quebec; implementation of high-purity production strategies; research and development in leading edge technologies such as graphene refinement; and opportunities to represent and work with global manufacturers such as CGT Carbon.
As Mr. Ogilvie also commented: "The nature of the graphite sector requires an understanding not only of the traditional mine and milling elements, but also critical functional areas such as marketing, research and development, supply chain, and robust information technology systems. The chance to work with CGT will broaden our understanding of the business and provide us with access to CGT global market experience. Our obligation to CGT will be to do all that we can to increase and improve their market access in the regions we have agreed upon". In the weeks ahead Canada Carbon's sales team will be working closely with CGT's engineering group in a training process to understand CGT's products and markets. The Company will continue to provide new information on this program and others as it moves forward.