Saint Jean Carbon Inc (CVE:SJL) Explains Panasonic Order


Saint Jean Carbon Inc (CVE:SJL) is a carbon science firm engaged in the build and design of green energy storage, green re-creation and green energy creation via the use of carbon materials. The firm explained certain information in the PR dated February 28, 2017 at the request, and following to the regulation, of the TSX Venture Exchange.

The update

Saint Jean has obtained a purchase order from Panasonic Corporation to deliver graphite anode material to its manufacturing facility. Though the value and size of the order is small, both on its own and in parallel to the projected monthly orders under the directions of the proposed formal offtake deal, the order is notable as it marks the preliminary order for material.

Although the offtake deal has not been finalized at this time, the delivery of the re-engineered material following to the order is reliant upon the timelines and procedures contained in the planned offtake deal. The preliminary order is projected to be supplied within 90 days from February 24, 2017.

Saint Jean re-engineers the raw material prior to its delivery; but, the supply is being subcontracted as the firm’s properties are not now in production. The firm validates that it has the financial resources as well as access to the raw materials required to close the first order. Both firms are working to finalize the planned offtake deal as soon as possible.

Saint Jean has obtained numerous requests for data linked to amount of material per year, per month, how many years, the amount of material going to sell for, and likewise.  At this time, that data is private. If at some point the firm obtains authorization to release the data from the customer, the firm will share the details. The publicly traded carbon science firm has specific interests in green energy creation and energy storage and green re-creation, with extensive assets in graphite mining and lithium entitlements in the province of Quebec.

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