MONTREAL, Québec (FSCwire) - Argex is pleased to announce that the Corporation has crossed a final important milestone in the recognition of its Ti0₂ finished product performance. Following its October 16, 2017 announcement detailing that its Ti0₂ pigments were meeting the industry standards’ physical specifications related to composition, size distribution, and morphology, Argex announced today that its product has been validated for commercial optical properties tests. EMCO Inortech Inc., an external specialized laboratory, evaluated the Argex product in several paint formulations and the results indicate that its optical properties perform as well or better than standard products accepted by numerous paint producers in the industry.

 

Three optical properties of this paint test were achieved simultaneously on Argex’s Ti0₂:

 

• Dispersion - our product mixes well in several paint types and is a function of its size distribution; large particles do not disperse but settle to the bottom of the paint;
• Masking - the product used in a standard formulation must mask a black background comparable to a standard reference;
• Tint strength - the paint sample with the standard recipe for TiO₂ content must pass a comparison against paint with the sample TiO₂ content of a known commercial material.

 

“These results prove that the Argex technology successfully produces finished TiO₂ for paint and coating applications worldwide. With this in hand, paint producers get the certainty that Argex’s product is reliable and can be considered as a solid newcomer in the industry. The confirmation by this external laboratory will facilitate and accelerate discussions with potential clients in order to get their own specific approval” said Mazen Alnaimi, Chairman and CEO of Argex Titanium.

 

A conference call will be held to discuss these results and provide an overview of Argex at 1:30 pm ET on Monday November 27. The dial-in to participate is 1(800) 747-5150 and the participant code is 973 6600. A corporate presentation will be posted prior to the call on the Argex web site at www.argex.ca and on 8020Connect.com at https://www.8020connect.com/groups/argex-titanium-inc

 

About Argex Titanium

 

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO₂) for use in high-quality paint, plastics, cosmetics and other TiO₂ applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO₂, along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO₂ production methods.

 

About EMCO INORTECH

 

EMCO INORTECH, a subsidiary of EMCO Chemical Distributors, Inc., based in Wisconsin, United States, is a Canadian- based company specialized in the promotion & development of advanced performance materials in coatings, adhesives inks, sealants and elastomers.

 

Forward-Looking Statements

 

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at www.sedar.com ; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Contact:

Mazen Alnaimi

Chairman and Chief Executive Officer | Argex Titanium Inc.

info@argex.ca

 

Gladys Caron

Corporate Communications and Investor Relations | Argex Titanium Inc.

Gladys.caron@argex.ca

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ArgexNov272017.pdf

Source: Argex Titanium Inc. (TSX:RGX)

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