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Graphene Manufacturing Group Ltd. reports developments in graphene-enabled energy-saving and energy-storage products. The Australian clean-technology company develops, makes and sells products based on graphene produced through its proprietary process that decomposes natural gas into carbon as graphene, hydrogen and residual hydrocarbon gases.
Recurring news covers THERMAL-XR graphene coating applications for HVAC-R and other industrial uses, G® LUBRICANT patent activity, verified graphene-producer and ISO 9001 quality updates, sales expansion, production growth plans, and progress on graphene aluminium-ion battery technology developed with the University of Queensland. Updates also address graphene additive slurry for lithium-ion batteries and regulatory authorizations for commercial product sales.
Graphene Manufacturing Group (TSXV: GMG) has announced several investor relations agreements to enhance its market presence. The company has entered into a 12-month service agreement with Proactive Investors North America Inc. for media services, including research reports and analyst videos, at a cost of US$25,000. This agreement is subject to TSXV approval. GMG is also extending its existing agreement with Focus Communications Investor Relations Inc. for an additional two years until July 1, 2026. Additionally, the company is continuing its issuer trading services agreement with Independent Trading Group, which automatically renews monthly. These strategic partnerships aim to boost GMG's investor relations outreach and market visibility.
Graphene Manufacturing Group (TSXV: GMGMF) has provided an update on its Graphene Aluminium-Ion Battery (G+AI Battery) development. The company is currently optimizing the pouch cell electrochemistry, a standard process in battery development. GMG previously achieved a 1000 mAh battery cell capacity in February 2024 and is confident in meeting its overall timeline on the battery cell roadmap.
The company follows a weekly 'Sprint' process for optimization, which includes making cells, testing performance, comparing results, reviewing options, and proposing new designs. GMG is also considering investing in an automated pouch cell battery pilot plant at its Richlands, Australia facility to produce cells for potential customer testing.
The G+AI Battery technology remains at Battery Technology Readiness Level 4. GMG sees a broad range of applications for its battery, with interest from global companies in various sectors. The company continues to work on improving performance metrics and moving towards commercialization.
Graphene Manufacturing Group (TSXV: GMG) announced that its THERMAL-XR® Powered by GMG Graphene coating won the Product Excellence HVAC Award at the ARBS Exhibition in Sydney, Australia, on May 29, 2024. The award recognizes innovations in air conditioning, refrigeration, and building services. The THERMAL-XR® Coating System enhances thermal conductivity and reduces power consumption, extending equipment life by protecting against corrosion. This achievement is endorsed by major HVAC industry associations and reflects GMG's progress in commercializing its product across various industries.
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