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.

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.

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)

 

Monday, April 19, 2021

Guy Outen, Chair of the Board and Craig Nicol, Managing Director, Chief Executive Officer and Founder, Graphene Manufacturing Group Ltd. (“GMG” or the “Company”) (TSXV: GMG), and their team joined Arne Gulstene, Head, Company Services, TMX Group, to celebrate the Company’s new listing on TSX Venture Exchange and close the market. GMG is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane instead of mined 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.

https://www.tsx.com/news/market-opens

Cuspis is pleased to announce that GMG has filed and obtained today a receipt for a final non-offering prospectus with the securities regulatory authorities in the provinces of Alberta, British Columbia, Saskatchewan, and Ontario. The subscription receipts investment round closed over subscribed with over C$2M of funds.

Toronto, Ontario–(Newsfile Corp. – April 6, 2021) – Cuspis Capital Ltd. (TSXV: CUSP.P) (the “Company” or “Cuspis”), a capital pool company as defined under TSX Venture Exchange (“TSXV” or the “Exchange“) Policy 2.4 – Capital Pool Companies (“Policy 2.4“), is pleased to provide an update to its press releases of August 19, 2020, August 31, 2020, November 1, 2020, November 4, 2020, December 22, 2020, and February 5, 2021 regarding its transaction with Graphene Manufacturing Group Pty Ltd. (“GMG“), a private company incorporated under the laws of Australia, the intended target of Cuspis’ Qualifying Transaction, as such term is defined in Policy 2.4 (the “Transaction“).

Full details are available at

https://finance.yahoo.com/news/cuspis-capital-ltd-announces-filing-231800496.html

The Lastest Investment Overview for GMG by CEO, MD, Founder ~ Craig Nicol on GMG’s new website, all set for TSX-V listing in the near future.