BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that GMG and Rio Tinto have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto’s operations, explore working together to support GMG’s development of Graphene Aluminium-Ion (“G+Al”) batteries, and collaborate on mining and other industrial applications.

Under a non-binding term sheet, GMG and Rio Tinto will:

• discuss conducting trials of GMG’s energy saving products in both existing applications and new industrial applications, to deliver energy savings and associated carbon reductions to support Rio Tinto’s decarbonisation objectives;

• explore supply of aluminium materials, one of the key components in G+Al battery technology, by Rio Tinto to GMG with an aim to optimise and accelerate battery development;

• investigate the use of G+Al batteries in various Rio Tinto mining and industrial applications. Success could see significant performance enhancements and support Rio Tinto’s transition to low carbon operations.

Rio Tinto’s Chief Scientist, Nigel Steward, commented, “Our companies share a vision of a low carbon future and we see great potential in the partnership. We aim to develop a truly green battery from our low carbon aluminium, which could transform the way we supply and store energy to anything from a leaf blower to a mining haul truck. It is a very exciting prospect and we are looking forward to bringing together the technical ingenuity of both Rio Tinto and GMG.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto adds another key element in GMG’s leading partnerships to develop our G+Al Battery following recent agreements with Wood for scaling graphene production and Bosch for automated battery production. Rio Tinto’s supply of aluminium and development of material industrial battery applications also add to our battery development plans. 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 this technology.”

About Rio Tinto

Rio Tinto is a leading mining and metals company, operating in 35 countries and producing high-quality iron ore, copper, aluminium, and other materials that are essential for the low-carbon transition. Rio Tinto is committed to reaching net-zero by 2050 and is targeting a 15% reduction in scope 1&2 emissions by 2025 (from a 2018 baseline) and a 50% reduction by 2030. For more information visit riotinto.com.

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 to be entered into between Rio Tinto and the Company; Rio Tinto’s role as a technical development partner and supplier of aluminium and the impacts and benefits arising therefrom; GMG’s ability to produce its products and the benefits arising from such products; and the commercial progress and technical characteristics of certain products; the ability of GMG’s products to enhance Rio Tinto’s performance with regards to certain industrial applications, and reduce carbon emissions.

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, including that GMG and Rio Tinto will be unable to agree on terms and conditions for binding agreements; that such terms and conditions will differ from the Company’s expectations; that results and impacts arising from any binding agreements between GMG and Rio Tinto will differ from the Company’s expectations; changes to regional and global market trends; and that the Company will be unable to research, develop and produce certain products and technologies.

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 enter into binding agreements with Rio Tinto on the terms consistent with the Company’s expectations; that benefits and impacts arising from binding agreements between the Company and Rio Tinto will be consistent with the Company’s expectations; the Company’s ability to research, develop and test its products 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.

 

BRISBANE, AUSTRALIA – April 26, 2022 – Graphene Manufacturing Group Ltd (“GMG” or the “Company”) is pleased to announce that it has entered into the following agreements as the Company progresses to the next phase of its investor relations activities:

• a consulting services agreement with Triomphe Holdings Ltd. (DBA Capital Analytica), a private company headquartered in Nanaimo, British Columbia (“Capital Analytica”), having an effective date of April 25, 2022 (the “Capital Analytica Agreement”);

• an advertising and investor awareness campaign agreement with Dig Media Inc., (DBA Investing News Network) (“INN”), a private company headquartered in Vancouver, British Columbia (“INN”), executed on April 26, 2022 and having an effective date of April 19, 2022 (the “INN Agreement”);

• a terms of service agreement with C. Fleck and Associates. (website – KEReport.com), an organization headquartered in Vancouver, British Columbia (“K.E. Report”), executed on April 26, 2022 and having an effective date of February 1, 2022 (the ” K.E. Report Agreement”); and

• a services agreement with consulting agreement with Proactive Investors North America Inc., a private company with offices across North America, Australia and in Europe (“Proactive Investors”), having an effective date of April 25, 2022 (the “Proactive Investors Agreement”);

(collectively, the “IR Agreements”).Capital Analytics is an integrated media platform that produces in-depth business intelligence through its annual print and digital economic reviews, high-impact conferences, and events and top-level interviews via its video platform. Pursuant to the Capital Analytica Agreement, Capital Analytica will provide consulting services, including social media consultation, social engagement reporting and social media news and corporate video dissemination to GMG for a six-month term. In accordance with the Capital Analytica Agreement, the Company will pay Capital Analytica a fee of C$100,000, plus applicable taxes, at commencement of the Capital Analytica Agreement.

INN is a private company dedicated to providing independent news and education to investors since 2007. Pursuant to the INN Agreement, INN will provide advertising campaign services, including advertising profile, lead generation, press release syndication, banner advertising, email services and campaign metrics to GMG for a twelve-month term, unless terminated in accordance with its terms. In accordance with the INN Agreement, the Company will pay INN a fee of C$36,000, plus applicable taxes, in four equal instalments of C$9,000 each quarter in advance at commencement of the INN Agreement.

K.E. Report are in the business of development and distribution of an investment focused radio show and podcast. Pursuant to the K.E. Report Agreement, K.E. Report will provide professional services, including audio, radio and video interviews on a regular basis in unlimited number reporting GMG news and address investor questions, webinars, introductions to newsletter writers, industry analysts and fund managers, and banner advertising for an initial six-month term, which may be extended for a further six-month term, unless terminated in accordance with its terms. In accordance with the K.E. Report Agreement, the Company will pay K.E. Report a fee of C$9,000, plus applicable taxes, for each six-month period, in arrears. Corey Fleck, a principal of K.E. Report, holds 4,500 common shares in the Company.

Proactive Investors is a multi-media business and financial media portal that provides breaking news, commentary and analysis on hundreds of listed companies and pre-IPO businesses across the globe. Pursuant to the Proactive Investors Agreement, Proactive Investors will provide media services, including research reports and analyst videos, to GMG for a twelve-month term, unless terminated in accordance with its terms. In accordance with the Proactive Investors Agreement, the Company will pay Proactive Investors a fee of US$30,500, plus applicable taxes, for each six-month period, in advance.

The payments described herein will come from the Company’s general working capital account. Other than as disclosed herein, none of the investor relations service providers described above have any interest, directly or indirectly, in the Company or any right or intent to acquire such an interest. Each of the IR Agreements are with arm’s length parties to the Company. The IR Agreements remain subject to the approval of the TSX Venture Exchange (“TSXV”).

The previously announced agreement with Focus Communications Investor Relations Inc. continues, while the previously announced agreements with Generation IACP Inc., Brian Gusko Advisory Services Inc., Supercharged Stocks Ltd. and Hybrid Financial Ltd. have been concluded.

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 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, TSXV approval of each of the IR Agreements, the services expected to be received by the Company in connection with the IR Agreements, the Company’s business development plans, and the Company’s plans to work with third parties to progress R&D and commercialization of graphene aluminium-ion batteries. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including without limitation, risks related to: the TSXV’s failure to provide approval for the IR Agreements or any one of them on the current terms and conditions, or at all, the Company’s failure or the failure of any service provider to perform its respective obligations under the applicable IR Agreements, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and 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. Additionally, the forward-looking statements and information contained herein are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, assumptions regarding the expectation that the TSXV will provide approval for the IR Agreements in their current form, the expectation that the service providers will perform their respective obligations under the applicable IR Agreements, the accuracy of the Company’s cost and timing expectations, that the Company will be successful in the deployment of its resources and personnel, 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, 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.

 

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.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that GMG and Wood have agreed to a non-binding Letter of Intent, with the aim to agree on the terms of binding agreements for Wood to design and deliver major graphene manufacturing expansion projects.

Wood will support GMG in scaling up and automating its proprietary natural gas to graphene manufacturing process. The parties’ intent is for Wood to become GMG’s engineering, design and construction contractor for GMG’s near and long-term graphene manufacturing facility needs in Australia and overseas.

Graphene is one of the main components enabling the GMG and University of Queensland graphene aluminium-ion battery (“G+AI Battery”) technology. In 2017 and 2018, GMG developed and proved its proprietary graphene production process to produce graphene from natural gas (i.e. methane). This process produces high quality and scalable graphene, suitable for use in clean-technology applications, including G+AI Batteries. GMG’s arrangement with Wood is intended to support scaling and automation of the graphene production process to meet graphene supply requirements for GMG’s targeted G+AI Battery division.

A Letter of Intent was earlier signed with Bosch (news release 25 October 2021) for the design and delivery of targeted G+AI Battery manufacturing plants. GMG and Wood will work in collaboration with Bosch to create an aligned production process from graphene manufacturing through to final G+AI Battery products across the Company’s facilities.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are proud and excited to be collaborating with Wood who are a major, world leading engineering company with a significant focus on the energy transition. As we have told our shareholders, one of our key current activities is engagement with customer and industry partners for G+AI Battery development and this is another example of that progression. In parallel we are also building up our internal battery and graphene engineering capability further through a recruitment programme that is underway. Together with the partnership already established with Bosch, this is another important step towards GMG’s goal to become a major global supplier of G+AI Batteries as we continue to de-risk the commercial scale up of this technology.”

About Wood

Wood is a global leader in consulting and engineering across energy and the built environment, helping to unlock solutions to some of the world’s most critical challenges. Wood provides consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people. www.woodplc.com

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 to be entered into between Wood and the Company; Wood’s role as a technical development partner and the impacts and benefits arising therefrom, including facility needs; GMG’s ability to produce its products and the benefits arising from such products; and the commercial progress and technical characteristics of certain 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, including that GMG and Wood will be unable to agree on terms and conditions for binding agreements; that such terms and conditions will differ from the Company’s expectations; that results and impacts arising binding agreements between GMG and Wood will differ from the Company’s expectations; changes to regional and global market trends; and that the Company will be unable to research, develop and produce certain products and technologies.

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 enter into binding agreements with Wood on the terms consistent with the Company’s expectations; that benefits and impacts arising from binding agreements between the Company and Wood will be consistent with the Company’s expectations; the Company’s ability to research, develop and test its products 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.

 

BRISBANE, QUEENSLAND, AUSTRALIA – September 13th, 2021 – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to formalise its support to Queensland University of Technology – Centre for Biomedical Technologies (“CBT”) for the development of Piezo-Supercapacitors for Self-Powered Medical Implants by a Pilot Project Agreement (the “Agreement”). The Agreement details GMG’s contribution of expertise and graphene for the project.

The initial Industry Engagement Grant entitled “Piezoelectric Supercapacitors for Self-Powered Medical Implants” was awarded to Professor Cameron Brown, Associate Professor Deepak Dubal, Dr. Hong Duc Pham, and the Chief Scientific Officer of GMG, Dr. Ashok Kumar Nanjundan.

Most modern electrical medical implants (such as pacemakers, insulin delivery pumps, and as shown in figure 1) actively regulate or replace bodily functions, and thus require batteries capable of reliably functioning for many years without failure. Implanted batteries typically require secondary surgeries for replacement, incurring significant inconvenience to patients in the forms of high costs, discomfort, and the risk of infection.

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

About GMG

GMG is an Australian based clean-tech disruptive company listed on the Canadian 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 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:

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 development of the Piezo-Supercapacitor by GMG contemplated by the Agreement and the viability and effectiveness thereof, and the benefits of the Piezo-Supercapacitor versus implanted 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.com, many 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 that the development and effectiveness of the Piezo-Supercapacitor will be consistent with anticipated results. 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.

Independent third parties carried out a project utilising THERMAL-XR ® on a diesel bus’s air conditioner and showed a 2.7% FUEL SAVINGS and 25% less cooling time to reach the set operating temperature. The results are highlighted in the table below.

Source: Results from over a two (2) hour period in a controlled facility whilst monitoring time and fuel usage. A Thermo King DAS (Data Acquisition System), standalone data recorder, (not connected to the AC system) with TK Wintrac 5 software was used to download the data for the Pull Down Test, and a proprietary Volvo Telematic System recorded the fuel data. Test was conducted inside a Spray ‘n’ Bake paint booth Model TNT-3-20/6.

GMG CEO Craig Nicol stated, “Where a city bus uses 25,000 litres of diesel fuel per year, with approximately 220 hours per month, THERMAL-XR® powered by GMG graphene based off these test results could potentially save over 650 litres of diesel fuel per year per bus – a significant cost saving for a city bus operator. This would also mean reducing approximately 1.8 tonne of carbon dioxide emissions per annum for each bus.”

“These results highlight the opportunity that THERMAL-XR® powered by GMG graphene also has with transport air conditioning – saving diesel fuel and improving driver and passenger comfort. There are approximately 3 million city buses in the world (~13% being electric) which could use our product to save fuel/energy and emissions or extend battery life (if electric) – which is obviously a significant opportunity for GMG” said Craig Nicol.

 

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 independent third party projects.

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 independent third party projects, and that the market demand for the Company’s THERMAL-XR® will be consistent with the Company’s expectations. 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) the expected results of cooling and the THERMAL-XR® will not be consistent with the Company’s expectations as a result of the independent third party projects, and (b) there will be not 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.

Graphene Manufacturing Group Ltd (TSXV:GMG) has worked with the Australian Government’s Department of Health to have its Graphene approved for use as a component within industrial coatings.

The Commercial Evaluation Authorisation encourages innovation by providing a pathway to manufacture chemicals in Australia for the purpose of evaluating its commercial potential.  The Authorisation was granted after GMG’s submission was assessed against specified criteria including management of potential health and environmental risks.

This authorisation is issued under the Industrial Chemical Act 2019 and approves the use of THERMAL-XR RESTORE® powered by GMG Graphene, to authorised GMG customers covered by the approval.

Research and Development trials conducted show that the coating -THERMAL-XR® powered by GMG Graphene, has the potential to save energy consumption and reduce emissions whilst providing ongoing asset protection in Heating, Ventilation, Air Conditioning and Refrigeration (HVAC-R) systems.

With cooling being the largest energy consumption in buildings (up to 60% according to International Energy Agency) and demand continuously on the rise, the opportunity for THERMAL-XR® is significant.

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) regulatory approvals for THERMAL-XR®; (b) the demand for THERMAL-XR® and cooling; and (c) management’s expectations of the effects of THERMAL-XR® and cooling as a result of its research and development trials.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to obtain all regulatory approvals for THERMAL-XR®, that the expected results of cooling and the THERMAL-XR® will be consistent with the Company’s expectations as a result of the research and development trials, 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 Company will not be able to obtain all regulatory approvals for THERMAL-XR®, (b) the expected results of cooling and the THERMAL-XR® will not be consistent with the Company’s expectations as a result of the research and development trials, and (c) there will be not global market trend or demand for THERMAL-XR® or cooling; and (d) 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.

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 – April 22, 2021 – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to announce the execution of a research agreement with the University of Queensland’s Australian Institute for Bioengineering and Nanotechnology (“AIBN”) for the development of graphene aluminium-ion batteries. Under the agreement, GMG will manufacture commercial battery prototypes for watches, phones, laptops, electric vehicles and grid storage with technology developed at the University of Queensland (“UQ”). GMG has also signed a license agreement with Uniquest, the University of Queensland commercialisation company, which provides GMG exclusive license of the technology for battery cathodes.

 

The Company will incorporate technology devised by AIBN Professor’s Michael Yu, Dr Xiaodan Huang and postdoctoral student Yueqi Kong that has made graphene into more efficient electrodes for powering batteries. The results are a battery with up to 70 times faster charging and more sustainability with a life up to three times greater than lithium-ion. UQ’s research team was awarded A$390,000 over three years to develop the graphene aluminium-ion technology from the Australian Research Council’s Linkage Project in 2020. Under the terms of the agreement, GMG and UQ have agreed to pay A$150,054 and A$82,788 respectively to carry out the project. GMG has also agreed to reimburse the incurred patent execution costs up to an agreed maximum amount.

 

AIBN Director Professor, Alan Rowan commented, “We are delighted to partner with GMG to translate scientific ideas into commercial solutions through the development of more efficient and greener batteries. After several years of dedicated research into improving the aluminium ion battery, we are excited to be at the phase of developing commercial prototypes for more sustainable, faster-charging batteries,” Professor Rowan said. Testing showed rechargeable graphene aluminium-ion batteries had a battery life of up to three times that of current leading lithium-ion batteries, and higher power density meant they charged up to 70 times faster. The batteries are rechargeable for a larger number of cycles without deteriorating performance and are easier to recycle, reducing potential for harmful metals to leak into the environment.”

 

UniQuest CEO, Dr. Dean Moss stated, “Aluminium-ion battery with graphene electrodes could transform the existing rechargeable battery market, dominated by lithium-ion. Lithium-ion batteries demand the extraction of rare earth materials using large amounts of water and are processed with chemicals that can potentially harm the environment. This project has real potential to provide the market with a more environmentally friendly and efficient alternative.”

 

GMG Head Scientist, Dr. Ashok Nanjundan commented, “The project could deliver far-reaching benefits for energy storage, while the batteries were also safer because they do not use lithium, which had been known to cause fires in some mobile phones. This project is a great example of academia and business working together. The current recyclability of batteries is highly problematic due to their chemical properties and the stockpiling of dead batteries presents a large and looming environmental and public safety concern.”

 

GMG CEO, Craig Nicol, “To use local raw materials to manufacture battery cells at a competitive cost to replace imported lithium-ion cells is a massive opportunity for GMG and Australia to reduce supply chain risks and create local jobs.   We’re excited about developing the commercial prototypes followed by initial production here in Australia – at a location yet to be determined.”

 

 

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 use of 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 the development of next generation batteries, collaborating with world leading universities in Australia, and investigating the opportunity to enhance the performance of biodiesel and diesel fuels.

 

For further information please contact:

– UniQuest, Brooke Baskin, b.baskin@uniquest.com.au, +61 7 3365 7480, +61 409 767 199

– 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) accepts 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 statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that 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, 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.com. 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.

“We’re excited about developing the commercial prototypes followed by initial production here in Australia – at a location yet to be determined” he said.

UQ’s research team was awarded $390,000 over three years to develop the graphene aluminium ion technology from the Australian Research Council’s Linkage Project in 2020.

Graphene Manufacturing Group CEO, Craig Nicol, joins Cory Fleck to introduce the Company as we commence trading on the TSX.V (April 15th, 2021)