BRISBANE, QUEENSLAND, AUSTRALIA – June 17, 2021 – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to announce the signing of a non-binding Letter of Intent (LOI) with OPENIA Project Management Services LLC (“OPENIA”) for the exclusive distribution of THERMAL-XR ®~ powered by GMG Graphene throughout the United Arab Emirates.

Under the auspices of His Excellency Ahmed Al Khatib, Chief Development & Delivery Officer Expo 2020 Dubai, and Trade and Investment Queensland Commissioner Middle East Ms. Donna Massie, OPENIA Chairman Mohammed Fadel Al Mazrooei and GMG CEO & Managing Director Craig Nicol signed the Letter of Intent – taking place simultaneously in the Australian Pavilion at EXPO 2020 DUBAI and the Trade and Investment Queensland office in Brisbane.

THERMAL-XR®~ powered by GMG Graphene is a coating system for restoring and improving energy efficiency to corroded or poorly performing refrigeration and air conditioning coils. The process coats, protects and rebuilds lost thermal conductivity by leveraging GMG’s Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and Co2 emission for customers.

GMG CEO and Managing Director Craig Nicol stated, “The growing demand for cooling is impacting power generation and distribution capacity and is often one of the highest costs of a company’s operation. GMG’s THERMAL-XR® coating system is a high-tech but easy to apply solution to improve efficiency and save energy. The technology is a clear example of GMG’s Graphene’s ability to transfer heat, providing measurable efficiency gains for air conditioning asset owners. The Letter of Intent between GMG and OPENIA builds on the introduction by the Queensland Government’s global business agency, Trade and Investment Queensland (TIQ), which has been very helpful. I am very pleased about reaching this milestone and very excited to see THERMAL-XR® penetrating the strategic Middle-East market”.

OPENIA Chairman Mohammed Fadel Al Mazrooei said, “We are very pleased to progress our relationship with GMG in the UAE. The potential of this innovative product to bring both emission and energy savings to customers throughout the region aligns with our country’s strategy for environment and sustainability. The importance of THERMAL-XR® and Clean-tech Graphene products in general to this part of the world is recognised today with the attendance of His Excellency Ahmed Al Khatib, and the Honorable Ms. Donna Massie here at the Australian Pavilion of EXPO 2020 DUBAI.”

Trade and Investment Queensland Commissioner Middle East Ms. Donna Massie said, “GMG is an exceptional Queensland company with excellent values providing sustainable, innovative world-class energy saving and storage solutions. Trade and Investment Queensland are very pleased to support this LOI and to continue to assist and support GMG’s growth and development in all Middle East markets.”

GMG’s Middle East and North Africa Representative Mounir Bouaziz added “This region has a big challenge when it comes to the energy costs to cool buildings. A simple solution such as Thermal-XR that can reduce energy costs has great potential here. The Letter of Intent provides a rapid pathway for mobilisation, operations, and future growth between GMG and OPENIA for the distribution of THERMAL-XR® within the United Arab Emirates”.

About OPENIA
OPENIA is a Dubai-based local solutions provider that helps international companies and startups establish and develop their business throughout the Middle East and North Africa. By researching new solutions and opportunities, they consult with their clients and regional partners to develop and implement strategies to maximize their impact within the region. For further information regarding OPENIA, please contact Chris Pugh, General Manager, at chris@openia.ae, +971 58 9771493.

About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is also in the early stages of pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
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, leo@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 press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to: (a) the deployment of the Company’s resources, including its personnel; (b) global market trends, including the growing demand for cooling, its impacts on power generation, distribution capacity and business operational costs; (c) potential applications and expected performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system; (d) the Company’s expansion and potential for growth in the Middle-East market and the regional importance of THERMAL-XR®; (e) future collaboration between the Company and OPENIA for the distribution of THERMAL-XR® within the United Arab Emirates; (e) the intention of the Company to research, develop and produce certain products; and (f) the Company’s intention to engage third parties to assist in the development of its products.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the accuracy of the Company’s cost and timing expectations, the ability of the Company to achieve the expected results of its THERMAL-XR® coating system, that the Company will be successful in the deployment of its resources and personnel, that the Company will be able to negotiate and enter into a definitive binding agreement with OPEINA with respect to the exclusive distribution of THERMAL-XR®, that market demand for the Company’s products will be consistent with the Company’s expectations, that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the Company’s ability to research, develop and test its products within anticipated timelines, that results of testing and development data will be consistent with anticipated results and estimates. Additionally, forward-looking information involve 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) GMG’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact GMG’s business and the ability of the Company to produce, develop or distribute its products; (c) the volatility of global capital markets; (d) political instability; (e) the failure of GMG to attract and retain skilled personnel; (f) unexpected development and production challenges; (g) GMG could face technology or software disruptions; (h) unanticipated costs; (i) the transactions contemplated by the LOI may not be completed; (j) market demand for GMG’s THERMAL-XR® coating system may not meet the Company’s expectations; and (k) the risk factors set out under the heading “Risk Factors” in the Company’s final long form non-offering prospectus dated March 31, 2021 available for review on the Company’s profile at www.sedar.com, many of which are beyond the ability of the Company to control or predict. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither GMG nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither GMG nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release.

 

 

 

Queensland University of Technology (QUT) – Centre for Biomedical Technologies (CBT) and GMG was successful in the application for an Industry Engagement Grant.

Graphene Manufacturing Group Ltd (GMG) has a long-term collaboration with A/Prof. Deepak Dubal and QUT and this project is another step towards their strong commitment to real-world implications.

The Industry Engagement Grant entitled Piezoelectric Supercapacitors for Self Powered Medical Implants was awarded to Prof Cameron Brown, A/Prof Deepak Dubal (MCR), Dr. Hong Duc Pham (ECR), Dr. Ashok Kumar Nanjundan.

The project aims to develop self-charging medical implants by engineering a novel power unit called “Piezo-Supercapacitor”, which can harvest human body motions into electricity and store them in a single unit. The concept, we introduce here is based on a fundamental mechanism that directly hybridizes the two processes into one, in which the mechanical energy is directly converted and simultaneously stored as electrochemical energy without going through the intermediate step of first converting into electricity.

To achieve this objective, innovative piezo-supercapacitors will be developed by using piezoelectric biological proteins (collagen) as separator and GMG graphene-based electrode materials in collaboration with industry partner Graphene Manufacturing Group Ltd. The piezoelectric potential from the collagen film created by mechanical straining acts as a charge pump to drive ions to migrate towards respective electrodes accompanying charging reactions at electrodes. This new technology can be applied to manufacture self-powered medical implants, which will eliminate risks to patient’s life and save large costs related to battery- replacement, and surgery.

By building safe, reliable, and high-performance power sources for medicine, this technology will enable a new generation of active implants that can monitor health, detect disease, and administer treatment.

About GMG
GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.

For further information, please contact:

Cautionary Note Regarding Forward-Looking Statements  

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, the development and viability of GMG’s production facilities, the location of GMG’s production facilities, and the results arising from and application of GMG’s graphene aluminium-ion batteries and other GMG graphene enhanced batteries and supercapacitors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s final long form non-offering prospectus dated March 31, 2021 available for review on the Company’s profile at www.sedar.commany of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

 

 

 

 

Graphene Manufacturing Group Ltd (GMG) was honoured to host the Queensland State Government, represented by The Honourable Sterling Hinchcliffe, Minister for Tourism Industry Development and Innovation, and Minister for Sport and Member for Mount Ommaney Jessica Pugh.

In the picture Minister Sterling Hinchcliffe, MP Jess Pugh with Sheena Ward (Chief Operations Officer) and Craig Nicol (CEO, MD, Founder) conducted a factory tour and were given insights into GMG’s Graphene innovations and recently announced Graphene Aluminium-Ion Battery technology by Dr Ashok Nanjundan (Chief Scientific Officer), (pictured below far left).

GMG was congratulated for its recent public listing on the TSX Venture Exchange (TSXV:GMG) and its strong share price performance since April’s listing.

Both Minister Sterling Hinchcliffe and MP Jess Pugh were impressed with the GMG and proud that a Queensland business in collaboration with The University of Queensland was able to produce world-leading planet-friendly innovations.

The laboratory testing and experiments have shown so far that the Graphene Aluminium-Ion Battery energy storage technology has high energy densities and higher power densities compared to current leading marketplace Lithium-Ion Battery technology – which means it will give longer battery life (up to 3 times) and charge much faster (up to 60 times).

GMG’s Head of Business Development Andrew Neilsen showcased THERMAL-XR® – An Energy-Saving HVAC Coating System. THERMAL-XR® has the potential to save the Queensland State Government electricity costs for schools and any government infrastructure using air-conditioning whilst at the same time reducing the carbon footprint and contributing towards a greener environment.

GMG thanks Minister Sterling Hinchcliffe and MP Jess Pugh for their time, their genuine support and welcome the opportunity to work with the State Government of Queensland in future developments to secure Queensland jobs and help grow the Queensland economy.

BRISBANE, QUEENSLAND, AUSTRALIA  May 11, 2021 – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to share the initial performance data when tested in coin cells for the patent-pending surface perforation of graphene in aluminium-ion batteries developed by the Company and the University of Queensland (“UQ”). The experiments were performed at the Australian Institute for Bioengineering and Nanotechnology (“AIBN”) at UQ. Initial performance data is presented below. Currently, GMG Graphene is being used to produce coin cell prototypes for customer testing in Q4 2021. 

Battery Technology Electrode Materials  Energy Density (Wh/kg)  Power Density (W/kg) Calculated Time to Fully Charge Average Phone Battery (minutes)
Taiwan/Stanford US1  Natural graphite/Aluminium  ~68.7  ~41.1 ~60-110 
Stanford US2  CVD graphitic foam/Aluminium 40 ~3000  1 – 5 
GMG+UQ GMG+UQ Graphene/Aluminium 150-160  ~7000  1 – 5 


Source: 1. Hongjie Dai, Nat. Commun., 2017, 8:14283 2. Hongjie Dai, Nature, 2015, 520, 325, and 3. University of Queensland testing data. 

GMG announced recently the execution of a research agreement with UQ’s AIBN to develop graphene aluminium-ion batteries (please refer to the Company’s News Release dated April 22, 2021, for further details). Under the agreement, GMG will manufacture commercial battery prototypes for watches, phones, laptops, electric vehicles and grid storage with technology developed at UQ. GMG has also signed a license agreement with Uniquest, the University of Queensland commercialisation company, which provides GMG an exclusive license of the technology for battery cathodes.      

GMG CEO and Managing Director Craig Nicol said, “We are currently looking to bring coin cell commercial prototypes for customer testing in 6 months and a pouch pack commercial prototype – used in mobile phones, laptops etc. – for customer testing in 18 monthsWe are really excited about bringing this to market. We aim to have a viable graphene and coin cell battery production facility project after customer validation that we would likely build here in Australia, said Craig Nicol.  

Dr Ashok Nanjundan, GMG’s Chief Scientific Officer, said, “This is a real game-changing technology which can offer a real alternative with an interchangeable battery technology for the existing lithium-ion batteries in almost every application with GMG’s Graphene and UQ’s patent-pending aluminium ion battery technology. The current nominal voltage of our batteries is 1.7 volts, and work is being carried out to increase the voltage to directly replace existing batteries and which lead to higher energy densities.”  

The real differentiator about these batteries is their very high power density of up to 7000 watts/kg, which endows them with a very high charge rate. Furthermore, graphene aluminium-ion batteries provide major benefits in terms of longer battery life (over 2000 charge / discharge cycles testing so far with no deterioration in performance)battery safety (very low fire potential) and lower environmental impact (more recyclable),” said Dr Ashok Nanjundan. 

GMG will make further disclosures regarding the performance and development of these graphene aluminium ion batteries as the research and development program progresses. 

About GMG 

GMG is an Australian based clean-tech disruptive company listed on the TSXV (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. 

  The Company is also in the early stages of pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels. 

 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, leo@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 press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the manufacturing of prototypes by GMG and UQ, anticipated timelines for commercial prototypes and customer testing, the development and viability of GMG’s production facilities, the location of GMG’s production facilities, and the results arising from and application of GMG’s graphene aluminium-ion batteries. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s final long form non-offering prospectus dated March 31, 2021 available for review on the Company’s profile at www.sedar.commany of which are beyond the ability of the Company to control or predict. Such risk factors may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information