GMG Commissions G+AI Pouch Cell Equipment and Manufactures the First Pouch Cell Format Batteries

GMG Commissions G+AI Pouch Cell Equipment and Manufactures the First Pouch Cell Format Batteries

Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG " or the "Company") is pleased to announce that the Company has commissioned its graphene aluminium-ion batteries ("G+AI Batteries") in pouch cell format and that the first G+Al battery pouch cells have been manufactured. With the addition of the pouch cell equipment to the existing pilot production and testing plant ("Battery Pilot Plant"), GMG now has operationalised the Battery Development Centre ("BDC") to enable the productization of this technology for a wide variety of applications.

GMG's Managing Director and CEO, Craig Nicol, commented: "The commissioning of our pouch cell manufacturing equipment is another important milestone for GMG. It allows us to capitalise on the experience already gained with coin cell development and testing to open the avenues for our technology to a much broader application base. Much of the interest from prospective customers lies in our ability to productize the pouch cell, which can be found in a large range of end products ranging from personal and industrial appliances to grid batteries and EVs."

"Having our own fully equipped and staffed Battery Development Centre will further enhance our ability to co-innovate with partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries" Nicol said.

As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries with the development of G+AI Batteries in pouch cell format occurring in parallel in the Battery Development Centre. The location of this initial commercial manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located.

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 discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the productization of the pouch pack technology and its potential applications; and the effect of the BDC on innovation and partnerships.

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 its personnel; the successful commercialization and industrial application of the battery pouch pack format; the market demand for the Company's products; and the results and impacts of the BDC will differ from the Company's expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the benefits and impacts of the BDC; 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127839

News Provided by Newsfile via QuoteMedia

GMG:CA
The Conversation (0)
Graphene Manufacturing Group Appoints Former Chief Technology Officer of CATL Limited to its Board of Directors

Graphene Manufacturing Group Appoints Former Chief Technology Officer of CATL Limited to its Board of Directors

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to advise that Mr Bob Galyen, based in Indiana USA, will join the Company's board of directors effective 1 July, 2023. Mr. Galyen has been an advisory member of the Company's Technical Advisory Committee since June 2022.

Mr Galyen has global experience as a leading executive in the battery energy storage industry and science/engineering-based communities. Among his many roles Bob has been the Chief Technology Officer of Contemporary Amperex Technology Company Limited (CATL), which is the largest lithium ion battery manufacturer in the world, was Chair of the SAE International Battery Standards Steering Committee and is CTO and Chairman Emeritus of NATTBatt International. He serves on a number of Committees and Advisory Boards.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GMG Announces Independently Verified Heat Transfer and Energy Savings Results from THERMAL-XR

GMG Announces Independently Verified Heat Transfer and Energy Savings Results from THERMAL-XR

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to release further results of Energy Savings Tests on a 4.3kw refrigeration system and Heat Transfer demonstrations on Aluminium and Copper. The results provide additional confidence in the potential benefits of THERMAL-XR® (TXR) in a range of applications.

ENERGY SAVINGS WHEN THERMAL-XR® APPLIED TO A NEW CONDENSER COIL

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GMG Announces Battery, Team and Related Updates

GMG Announces Battery, Team and Related Updates

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide an update as to relevant changes following the recent Battery Joint Development Agreement (JDA) with Rio Tinto (17th May 2023) and the growing sales of Energy Saving products. These changes are designed to further align development activities and support the progression of the Battery JDA and the ongoing expansion of Thermal-XR sales following the recently announced distribution agreements (24th May 2023).

The Company had been working in parallel to progress its Graphene Aluminium Ion Battery technically while also seeking feedback from customers as to the highest priority applications. It became clear that pouch cell, rather than coin cell, batteries were of greatest interest to potential key customers. It is also clear that the progression of the battery from the current Battery Technology Readiness Level (BTRL) Level 2-3, (Scientific Proof of Concept into Electrochemical Development) could be accelerated by having key potential customer partners help define operating and design characteristics.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GMG Signs THERMAL-XR Distributor Agreements in 4 Asian Countries

GMG Signs THERMAL-XR Distributor Agreements in 4 Asian Countries

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed distribution agreements with four separate distributors ("Distributors") to buy GMG's THERMAL-XR® and resell in their respective countries in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets. The Distributors are focused on the following geographical markets: Thailand, Singapore, Indonesia and South Korea.

GMG and certain of the Distributors have successfully completed several THERMAL-XR® HVAC-R projects in South East Asia to provide case studies that illustrate the product's local benefits and customer value proposition in these countries.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GMG Announces Battery Joint Development Agreement with Rio Tinto

GMG Announces Battery Joint Development Agreement with Rio Tinto

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto have signed a binding Joint Development Agreement ("JDA") with the goal of accelerating the development and application of GMG's Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.

Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG's Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
globe with clean energy sources around it

5 Biggest Clean Energy ETFs in 2024

Exchange-traded funds (ETFs) have been gaining popularity in North America in a wide range of industries, including the clean energy sector, whose appeal is rapidly increasing.

For investors looking to gain exposure to the cleantech market, investing in individual stocks can be daunting considering the broad reach of this market sector, which includes renewable energy technologies such as wind and solar; battery technologies for electric vehicles and large-scale energy storage systems; agritech, water treatment and air purification systems; built environment technologies; carbon capture and green hydrogen. These are just some of the trends that will affect cleantech in 2024 and beyond.

ETFs have become so popular partially because they provide a safer way for investors to gain exposure to various industries while avoiding the volatility that comes with investing in individual stocks.

Keep reading...Show less
Carbonxt Group

Half Yearly Report and Accounts

Carbonxt Group Ltd (ASX:CG1) (“Carbonxt” or “the Company”) has released its Half-year report.

Keep reading...Show less
Carbonxt Group

Carbonxt Group Limited – HY24 Results

Carbonxt Group Ltd (ASX:CG1) (“Carbonxt” or “the Company”) has released its Half-year report for the half-year ending 31 December 2023 and provides the following update on the key areas of activity for the period -- all numbers are in A$.

Keep reading...Show less
Frontier Energy

Definitive Feasibility Study Confirms Strong Financial Returns, Rapid Payback for Waroona Renewable Energy Project

Frontier Energy Limited (ASX: FHE; OTCQB: FRHYF) (Frontier or the Company) is pleased to announce completion of a Definitive Feasibility Study (DFS or Study) for Stage One of its Waroona Renewable Energy Project in WA, comprising a 120MWdc solar facility and an integrated four-hour 80MW battery (the Project).

Keep reading...Show less
Frontier Energy

Appendix 4E

Frontier Energy Limited (‘FHE’) has released its Appendix 4E Report.
Keep reading...Show less
Frontier Energy

Frontier Energy Limited (ASX: FHE) – Trading Halt

Description

The securities of Frontier Energy Limited (‘FHE’) will be placed in trading halt at the request of FHE, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 29 February 2024 or when the announcement is released to the market.

Keep reading...Show less

Latest Press Releases

Related News

×