Thomas Swan Announces Graphene Deal with Mason Graphite to Create a New Venture, Black Swan Graphene, for Bulk Graphene Production

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-license 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 commercialization expertise through a Services Agreement to ensure BSG’s rapid growth and success.

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