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.
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.
THERMAL-XR® HVAC ENERGY COATING SYSTEM was successful in achieving a 22% reduction in energy savings, 21,662 kg of CO2 emissions savings and over $7000 in energy costs. The unit was an 85 Kw size and was several years in age.
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