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.”
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.
– Leo Karabelas at Focus Communications, firstname.lastname@example.org, +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.
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.
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“).