Ceylon Graphite Enters Into Distribution Agreement with Advanced Performance Materials

Vancouver, BC, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce it has entered into a distribution agreement dated August 1, 2023, with Advanced Performance Materials LLC (“APM”), a materials and chemical technology specialist company.

“Ceylon’s graphite has performance characteristics that exceed those of other graphite suppliers”, said Jay Mondal, APM’s Chief Technology Officer. “This is tremendously beneficial to our customers ranging from battery manufacturers to defence industry applications. In addition, Ceylon’s graphite has a very low environmental footprint given its very high natural purity, which is increasingly important to many of our customers. We are excited to supply Ceylon’s graphite to the U.S. market and collaborate on a range of value-added products.”

APM expects the range of products using Ceylon graphite to include energy storage, nuclear energy, lubricant, coating, flame retardant and engineered products and materials. The companies have already begun to exchange customer specifications and quotations.

The distribution agreement provides APM with preferred pricing and guaranteed supply if certain volume thresholds are maintained. The distribution agreement is not exclusive and does not restrict Ceylon from any other sales or agreements related to its graphite.

“We are pleased to be working with APM in pursuing many potential customer relationships”, said Sasha Jacob, Ceylon CEO. “As the Ceylon graphite material and its performance becomes more widely known, we are seeing a consistent growth in interest from customers in a wide range of sectors seeking to take advantage of the benefits of our high-carbon, low-environmental footprint natural vein graphite”.

About Advanced Performance Materials LLC

Advanced Performance Materials LLC (also known as APM) is a Florida based materials tech company, headquartered in Miami. Since 2012, APM actively commercializes sustainable performance materials into various market segments such as energy storage, automotive, aerospace, oil and gas, composite materials and construction projects, amongst other applications. APM produces and supplies value added advanced materials to OEM manufacturers and application developers that enhances performance to the next level and helps businesses to become competitive in this fast-changing marketplace. Since its inception, the company has been actively operating in the US, Canada and Western European markets. Additional information regarding APM’s operation and activities can be found on its website.