Graphex Technologies LLC Continues Its North American Build-out, Strengthening Team with Addition of Chief Financial Officer and Senior Vice President, Global Partnerships
June 27 2023 - 6:30AM
Graphex Technologies, LLC, a wholly owned subsidiary of Graphex
Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE:
6128), a global leader in mid-stream processing of natural graphite
anode material for use in Lithium-ion (Li-ion) batteries, today
announced the additions of Raphael Danon and Mark Klein as the
Chief Financial Officer and Senior Vice President, respectively, of
Graphex Technologies, LLC. The addition of these senior
professionals should significantly enhance Graphex’s continued move
forward with its business objectives to establish end-to-end
graphite processing and production capabilities in North America.
Danon joins the Company with 25 years of experience in a wide
spectrum of roles in the corporate and business worlds. He brings a
deep executive knowledge to Graphex, thanks to his time spent
working on business-building, capital markets, emissions markets,
operations design and financial reporting. He was a co-founder and
Managing Director of Finance for Clearblue Markets, Chief Financial
Officer of NWT Uranium Corp, Chief Financial Officer and Vice
President of Asian Coast Development (Canada) Ltd, in addition to
previously and currently serving as a member of the Board of
Directors at several publicly traded companies.
“Graphite is a crucial component in EV batteries, comprising a
higher percentage of the battery material than lithium, placing
Graphex at the forefront of the global push for electrification and
making their work incredibly important right now,” said Danon. “I’m
thrilled to join the Graphex team and cannot wait to bring my
expertise to their operations.”
Klein comes aboard Graphex with 25 years of experience working
in various leadership positions at Fortune 100 companies, as well
as the Founder and CEO of several startups. In his new role at
Graphex, he will utilize his expertise in business development,
marketing, branding, M&A, corporate development, and more,
which stem from his previous management positions, including
serving as the Director of Mobile Business Development at AOL Inc.,
Managing Director of The Lockwood Group, as well as Founder and CEO
of Skins Inc. and KlearBar Inc.
“I’m elated to be joining the team at Graphex,” said Klein.
“North America is in dire need of improved graphite processing and
production, and Graphex is leading the charge toward making that
happen; it’s exactly where I need to be right now.”
Graphex has received offers of state and local incentives for
its planned graphite processing plant in Warren, Michigan. As major
car manufacturers continue to make investments in Michigan to
expand electrification, a localized end-to-end battery mineral
supply chain nearby will be invaluable to reduce potential
logistical challenges. Transforming raw material to finished
product, Graphex will provide ready battery anode material for
original equipment manufacturers (OEMs) and gigafactories as they
ramp up production and meet nearly 400,000 tons of projected yearly
demand for graphite.
“We’re moving fast right now and the addition of Raphael and
Mark, coupled with the recently-announced move toward establishing
standalone US operating entity [Graphex Explores US Spinoff of
Graphex Technologies], Graphex is right at the center of the global
energy transition, bringing domestic supply chain experience into
North America. We need a strong leadership team in place to keep
all areas of our business running at peak performance and Raphael
and Mark are the perfect additions to make that happen,” said John
DeMaio, Chief Executive Officer of Graphex Technologies. “We’re
confident they’ll hit the ground running as our expansion and
diversification strategy continues to accelerate.”
To learn more about Graphex Technologies, please visit
www.graphexgroup.com.
About Graphex Graphex is a multinational
technology company focused on the development of technologies and
products to enhance renewable energy, particularly the refining of
natural spherical graphite, synthetic graphite, and
graphene-related products - key components in EVs/Lithium-ion
batteries as well as in other uses. Graphex has extensive
commercial experience in the deep processing of graphite and
producing battery grade graphite anode material. Current production
is 10,000 tonnes per annum (tpa) with a current expansion underway
to increase production to 30,000 tpa within the next 12 months.
Graphex intends to further expand existing operations to 55,000 tpa
over the next three years. Graphex is currently among the top
suppliers of specialized graphite anode material to the EV and
renewable energy industries and holds patents in areas including
products, production methods, machinery design, and environmental
protection. Graphex’s strategy is to expand its operations globally
to support energy transition and electrification efforts
worldwide.
Forward Looking Statements All statements
contained in this presentation other than statements of historical
fact, including statements regarding our future results of
operations and financial position, our business strategy and plans
and our objectives for future operations, are “forward looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 and the safe harbor in Section 27A and 21E of
the Securities Act of 1933 and the Securities Exchange act of 1934,
respectively. You can identify some of these forward looking
statements by words or phrases such as “may,” “will,” “expect,”
“anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“likely,” “potential,” “continue” or other similar expressions. We
have based these forward-looking statements largely on our current
expectations and projections about future events that we believe
may affect our financial condition, results of operations, business
strategy and financial needs. We have based these forward looking
statements largely on our current expectations and projections
about future events and trends that we believe may affect our
financial condition, results of operations, business strategy,
short term and long-term business operations and objectives, and
financial needs. These forward looking statements involve various
risks and uncertainties. Information from third sources identified
in this release is based on published reports for such information
and we have assumed the accuracy of such reports without
independent investigation or inquiry. This communication is for
informational purposes only and is neither an offer to sell nor a
solicitation of an offer to purchase any securities of Graphex
Group Limited, including but not limited to its American Depositary
Shares.
Corporate: Graphex Group
info@graphexgroup.comwww.graphexgroup.com
Investor Relations: RedChip Companies, Inc.
Dave Gentry 1-800-733-2447grfx@redchip.com
Public Relations: FischTank PR
graphex@fischtankpr.com
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