THERMAL-XR® PROJECT UPDATE: INTERNATIONAL FOOD BRAND MANUFACTURING SITE IN SINGAPORE, DAIKIN CHILLER HE 402C, 11.6% ENERGY REDUCTION UTILISING THERMAL-XR®
In tropical climatic conditions, THERMAL-XR® powered by GMG Graphene continues to perform.
| Total Energy | 11.6% Improvement |
| Measurement | Pre & Post Energy Calculation |
| Unit | Daikin Chiller HE402 C |
| Date | April 2022 |
| Calculation Method | Pre & Post GMG Management Energy Calculation Estimate |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kits are available.
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG”) is pleased to announce that GMG and OzKem Pty Ltd (“OzKem”) have signed a binding agreement for GMG to acquire the manufacturing intellectual property and brand rights of OzKem’s THERMAL-XR® coating products. OzKem developed the THERMAL-XR® coating system products using GMG graphene together with OzKem’s base HVAC (Heating Venting and Air Conditioning) coating. GMG is an international distributor of THERMAL-XR® products with a number of global commercial demonstrations underway or initial sales completed. Following the completion of the agreement GMG will own the THERMAL-XR® brand, will buy the base coatings product from OzKem, and GMG will manufacture the THERMAL-XR® products containing GMG graphene.
Under a binding detailed agreement, GMG and OzKem have agreed to the following terms:
• Transfer THERMAL-XR® manufacturing intellectual property from OzKem to GMG to enable GMG to manufacture the products with GMG graphene going forward;
• Transfer the THERMAL-XR® branding ownership from OzKem to GMG;
• GMG to buy exclusively from OzKem the base coating at agreed prices for a fixed period of five years. OzKem agrees not to develop graphene-based coatings for the same fixed period; and
• GMG to pay to OzKem an initial AU$1 million cash and a subsequent AU$1 million in ordinary shares in the Company, conditional on a successful commercial batch blend of the THERMAL XR® product completed by GMG.
OzKem’s Managing Director, Terry Kobler, commented “OzKem has been working with GMG since 2018. It was obvious to OzKem that the quality of graphene supplied by GMG could make a positive impact in our development of a conductive coating to restore lost efficiency in air conditioning units. Since those early days, our partnership has grown significantly. It is a natural development in the business for GMG to take over the THERMAL XR® business and work to develop the potential of this technology.”
GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited with this next stage of the commercial maturation of THERMAL-XR® products. Together, with the partnerships already established, this is another important step towards GMG’s goal to become a major global supplier of energy saving products as well as G+AI Batteries as we continue to de-risk the commercial scale up of these technologies.”
About OzKem Pty Ltd
OzKem is a world leading coating technology company focused on the protection of heat exchange coils. OzKem formulates, develops and supplies world leading coating technology for the protection and maintenance of heat exchange coils. OzKem’s main goal is to provide long term corrosion and biofouling protection which will deliver long term energy efficiency. The corner stone of the OzKem business philosophy is technical support. Helping customers not only with their specific issues related to corrosion protection but also more broadly with heat exchange manufacturing processes and system efficiency.
About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
For further information, please contact:
• Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding timing, completion and the final terms and conditions of binding agreements entered into between OzKem and the Company; the impact, effects and capabilities of GMG and its products; GMG’s ability to produce its products and the benefits arising from such products; GMG’s plans and business strategies; the successful completion of a commercial batch blend of the THERMAL XR® product completed by GMG; the production process and raw inputs used therein; the commercial progress and technical characteristics of certain products; performance regarding to certain residential and industrial applications; and the commercial maturation of THERMAL-XR® products.
These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources; that the results and impacts arising from the binding agreement between GMG and OzKem will differ from the Company’s expectations or be realized at all; changes to regional and global market trends; that the Company will be unable to develop and produce certain products and technologies; that commercial progress, technical characteristics and benefits will not be consistent with management’s expectations; and that GMG will not be able to successfully complete a batch blend of the THERMAL XR® products In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to complete the binding agreement with OzKem and that benefits and impacts arising from binding agreements between the Company and OzKem will be consistent with the Company’s expectations; the Company’s ability to research, develop and test its products, including THERMAL XR®, within anticipated timelines; and market demand for the Company’s products.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
After coating with THERMAL-XR® on a public library air conditioner, a 52% ENERGY SAVINGS was measured and verified by an independent third-party certified verification and measurement professional (CVMP). It confirmed that the THERMAL- XR® treatment yielded an estimated savings of 52% or 348 kWh ± 91kWH with a relative uncertainty of 26% at a confidence level of 90%.
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
BUILDING AIR CONDITIONING ENERGY SAVINGS:
The 53.2kW (Model OPA55RKTBG01-P) ducted system was studied over a 4 month period with energy and weather data obtained via remote wifi-connected energy sensors and third-party weather stations. Calculations for the regression model were carried out by an independent Certified Measurement & Verification Professional (CVMP) with reference to International Performance Measurement and Verification Protocol (IPMVP). Annualised calculations are projected over a full 12 months without any seasonality variance included and emissions reductions were based on the Queensland specific electricity grid greenhouse gas emission factors of 0.82 kg of CO2 / kW-hr. The above energy and emission calculation are based on 348 kWh ± 91kWH with a relative uncertainty of 26% at a confidence level of 90% over 18 days of regression modeling. The library has 4 operational days per week.
GMG CEO/MD/Founder Craig Nicol said, “According to the Australian Energy Regulator, Australia alone consumes nearly 200 TWh every year on the electricity grid with an estimated value of AU$60 billion. We believe approximately 20% is attributed to cooling costs which is AU$12 billion per annum which is obviously a significant opportunity for GMG”.
Cautionary Note Regarding Forward-Looking Statements.
This document contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation, including statements relating to: (a) the demand for THERMAL-XR® and cooling; and (b) management’s expectations of the effects of Thermal-XR® and cooling as a result of the Company’s air conditioning energy savings project and CVMP’s verification. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that the expected results of cooling and the THERMAL-XR® will be consistent with the Company’s expectations as a result of the Company’s air conditioning energy savings project and CVMP’s verification, and that the market demand for the Company’s THERMAL-XR® will be consistent with the Company’s expectations. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties, and other factors which may cause the actual plans, intentions, activities, results, performance, or achievements of GMG to be materially different from any future plans, intentions, activities results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) the expected results of cooling and the THERMAL-XR® will not be consistent with the Company’s expectations as a result of the Company’s air conditioning energy savings project and CVMP’s verification, and (b) there will be not a global market trend or demand for THERMAL-XR® or cooling; and (c) public health crises such as the COVID-19 pandemic may adversely impact the Company’s business.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
THERMAL-XR® PROJECT UPDATE: HEALTH & FITNESS CLUB #3, 22% ENERGY REDUCTION
After coating with THERMAL-XR® on a Brisbane Health & Fitness Club 85 kW Air Conditioner, a 22% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 22 % |
| Energy Savings | 1482 kWhr | Annualised Estimate 27046 kWhr |
| Emission Savings | 1187 CO2 kg | Annualised Estimate 21662 CO2 kg |
| Measurement Days | 39 (20 days normalised calculations) |
| Unit | 85 kW Air Conditioner |
| Date | January 2021 |
| Calculation Method | Regressional Analysis to IPMVP (B) GMG Management Estimate |
| Accuracy | 100% |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit Available
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: Cold Storage Facility in Singapore Savings, 8% Energy Reduction
After coating with THERMAL-XR® on a Singapore, Residential air conditioner, a 8% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 8% |
| Measurement Days | 76 days |
| Unit | Refrigerated System |
| Date | March 2021 |
| Calculation Method | GMG Management Estimate Calculation Pre vs Post Coating |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit available.
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: Poultry Processing Facility in Singapore Savings, 6.5% Energy Reduction
After coating with THERMAL-XR® on a Poultry Processing Facility in Singapore, a 6.5% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 6.5% |
| Energy Savings | 747 kWhr | Annualised Estimate 18177 kWhr |
| Emission Savings | 149.3 CO2 kg | Annualised Estimate 3625 CO2 kg |
| Measurement Days | 46 days (15 days of normalised calculations) |
| Unit | Split Ducted System with Triplet Compressors |
| Date | March 2021 |
| Calculation Method | Regressional Analysis to IPMVP (B) GMG Management Estimate |
| Accuracy | 99.99% |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit available.
www.graphenemg.com | TSXV:GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: Residential Singapore Air Conditioner Savings, 13.4% Energy Reduction
After coating with THERMAL-XR® on a Singapore, Residential air conditioner, a 13.4% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 13.4% |
| Energy Savings | 5.6 kWhr | Annualised Estimate 127.7 kWhr |
| Emission Savings | 5.6 CO2 kg | Annualised Estimate 127.7 CO2 kg |
| Measurement Days | 40 days (16 days of normalised calculations) |
| Unit | 5kW Air Conditioner |
| Date | November 2020 |
| Calculation Method | Regression Analysis GMG Management Estimate |
| Accuracy | 99.5% |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit Available.
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: FOOD INGREDIENT MANUFACTURER, 15% ENERGY REDUCTION
After coating with THERMAL-XR® on a Food Ingredient Manufacturer in Singapore, 11.2 kW Air Conditioner, a 15% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 15 % |
| Energy Savings | 3280 kWhr- annualised |
| Emission Savings | 3280 CO2 kg – annualised |
| Measurement Days | 45 (11 days normalised calculations) |
| Unit | 11.2 kW Air Conditioner |
| Date | July 2021 |
| Calculation Method | Regressional Analysis to IPMVP (B) GMG Management Estimate |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit Available.
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: LOGISTICS WAREHOUSE SINGAPORE, 15.7% ENERGY REDUCTION
After coating with THERMAL-XR® on a Logistics Warehouse Singapore 11.2 kW Air Conditioner, a 15.7% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 15.7 % |
| Energy Savings | 1482 kWhr | Annualised Estimate 49175 kWhr |
| Emission Savings | 149.3 CO2 kg | Annualised Estimate 4954 CO2 kg |
| Measurement Days | 45 (11 days normalised calculations) |
| Unit | 11.2 kW Air Conditioner |
| Date | January 2021 |
| Calculation Method | Regressional Analysis to IPMVP (B) GMG Management Estimate |
| Accuracy | 99.97% |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit Available.
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.
THERMAL-XR® PROJECT UPDATE: HEALTH & FITNESS CLUB #2, 14% ENERGY REDUCTION
After coating with THERMAL-XR® on a Brisbane Health & Fitness Club 14 kW Air Conditioner, a 14% Energy Reduction was measured by management regression analysis estimate.
| Energy Reduction | 14 % |
| Energy Savings | 457 kWhr | Annualised Estimate 6177 kWhr |
| Emission Savings | 457 CO2 kg | Annualised Estimate 6177 CO2 kg |
| Measurement Days | 42 (27 days normalised calculations) |
| Unit | 16.5 kW Air Conditioner |
| Date | January 2021 |
| Calculation Method | Regressional Analysis to IPMVP (B) GMG Management Estimate |
| Accuracy | 99.9% |
THERMAL-XR® powered by GMG Graphene is a coating application for restoring and improving energy efficiency to refrigeration and air conditioning coils on both building and transport cooling systems (HVAC-R). The process coats and rebuilds lost thermal conductivity to the coil by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and CO2 emissions for customers.
Contact GMG for further information and/or partnership pricing. Starter Kit Available
www.graphenemg.com | TSXV: GMG
DISCLAIMER
All information provided in this update represents management’s best judgment based on information available to GMG. Unless otherwise indicated, the information in this update is current only as of the date of the document that contains the information or the date on which the document is posted. No such information can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on such information.
You hereby assume all risk and responsibility for the reliance on the information in this update. To the full extent permissible by applicable law, GMG disclaims any representation, warranty, or condition of any kind, express or implied. GMG assumes no responsibility to you or any third party for any errors or omissions and will not be liable for any damages of any kind arising from the reliance of the information in this update (including indirect, direct, incidental, special, punitive, or consequential damages and loss of profits, opportunities or information).
GMG may at any time change or update the information in this update without prior notice. The information and materials contained therein could include technical, typographical, or photographic errors. Although GMG believes the information to be correct at the time it is posted, GMG does not warrant the accuracy, completeness, or currency of this information at all times.
Exclusion of Liability. GMG shall not be liable for any claims, expenses, damages (including direct, indirect, special, or consequential damages), loss of profits, opportunities, or information arising from: the use of or reliance on information contained in this update; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to our website; and any other matter connected with this update; even if GMG is made aware of the possibility of such claims, expenses, damages, or losses.
Business Update is Provided as a Service Only. This update is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Australia or Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by GMG to that effect. The information on/in this update is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to GMG and should not be used for the purpose of making investment decisions concerning GMG securities.