Nexans Launches Innovative CANADEX® 2.0 Residential Cables

• Nexans offers CANADEX^® 2.0 line of residential NMD90 cables that enables faster installation and lowers overall project costs
• In line with our strategy to be true partners with our customers, the cables are designed using feedback from electricians and incorporates three key features to streamline workflow
• The cables are locally manufactured at Nexans' facilities in Fergus, ON and are constructed using partially recycled copper from our copper rod mill facility in Montreal

TORONTO, Jan. 16, 2023 /CNW/ -- Nexans, a global organization and key driver for the world's transition to a more connected and sustainable future, today announced the launch of the CANADEX^® 2.0 line of NMD90 cables, an upgrade to the existing line of CANADEX^® cables. The line is designed to accelerate the installation process, allowing electricians to perform more work in less time, cut overall project costs, and reduce their carbon footprints.

CANADEX® 2.0 cables are designed with the electricians' needs in mind with three key features intended to streamline the installation process. The "INSTAGLIDE^®" technology allows for fast and efficient installation and the 'Easy-Lift' handle on Spools is more ergonomic, which improves safety on job sites. Nexans has also added metre markings to the cable to account for every metre of cable installed, reducing product waste.

Jerome Leroy, Nexans' VP of Distribution and Usage Canada, said: " In developing CANADEX^® 2.0 cable, our team held focus groups with electricians to understand and gather qualitative insights and unmet needs to create a new line of cable with electricians in mind, democratizing the cable manufacturing process. This new line of residential cables is a revolutionary step in the electrification of Canadian households , using partially recycled copper from our copper rod mill facility in Montreal. Our cables are made by and for Canadians, and we are excited to embark on this new journey."

About NEXANS 
For more than a century, Nexans has played a crucial role in electrifying the planet and is committed to electrifying the future. With 25,000 staff in 42 countries, the Group is driving the change towards the new world of electrification — a safer, more sustainable, renewable, carbon-free world, accessible to all. In 2021, Nexans generated €6.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services in five main areas of activity: Energy Production & Transmission, Distribution, Usages, Industry & Solutions and Telecom & Data. Nexans was the first player in its industry to create a Corporate Foundation to support actions that promote access to energy for disadvantaged populations worldwide. The Group is committed to helping achieve carbon neutrality by 2030.

Nexans. Electrify the future.

Nexans is listed on the Euronext Paris stock market, compartment A.

For more information, visit www.nexans.ca

For more information about CANADEX^®, visit nexanscanadex.ca

SOURCE Nexans

Communications, Christopher Minardi, Tel.: [phone], [email protected]; Emmanuel Guinot, [email protected]; Investor Relations: Elodie Robbe-Mouillot, Tel.: [phone], [email protected]