Energy Savings Projects with Singapore Bank to Scale
Graphene Manufacturing Group (TSXV: GMG) has announced successful completion of energy savings case studies in partnership with C&W Services Singapore and ACMES for a Singapore bank using their Thermal-XR technology.
The studies demonstrated significant energy savings ranging from 10% to 20% on average, with one specific case showing approximately 33% energy reduction in daily consumption after coating application compared to pre-washing conditions.
Following these positive results, the Singapore bank is now considering expanding the application of Thermal-XR Enhance across additional branches.
Graphene Manufacturing Group (TSXV: GMG) ha annunciato il completamento con successo di casi studio sul risparmio energetico in collaborazione con C&W Services Singapore e ACMES per una banca di Singapore utilizzando la loro tecnologia Thermal-XR.
Gli studi hanno dimostrato significativi risparmi energetici che vanno da un 10% a un 20% in media, con un caso specifico che ha mostrato un riduzione del 33% del consumo energetico giornaliero dopo l'applicazione del rivestimento, rispetto alle condizioni pre-lavaggio.
In seguito a questi risultati positivi, la banca di Singapore sta ora considerando di espandere l'applicazione di Thermal-XR Enhance in ulteriori filiali.
Graphene Manufacturing Group (TSXV: GMG) ha anunciado la finalización exitosa de estudios de casos sobre ahorro energético en colaboración con C&W Services Singapore y ACMES para un banco de Singapur utilizando su tecnología Thermal-XR.
Los estudios demostraron ahorros energéticos significativos que oscilan entre un 10% y un 20% en promedio, con un caso específico mostrando una reducción del 33% en el consumo diario de energía después de la aplicación del recubrimiento en comparación con las condiciones previas al lavado.
Tras estos resultados positivos, el banco de Singapur ahora está considerando expandir la aplicación de Thermal-XR Enhance a más sucursales.
그래핀 제조 그룹 (TSXV: GMG)는 싱가포르 은행을 위해 C&W Services Singapore 및 ACMES와 협력하여 Thermal-XR 기술을 사용한 에너지 절약 사례 연구의 성공적인 완료를 발표했습니다.
이 연구들은 평균적으로 10%에서 20%까지의 상당한 에너지 절약을 입증했으며, 한 특정 사례에서는 코팅 적용 후 세척 전 조건에 비해 일일 소비에서 약 33%의 에너지 감소를 보여주었습니다.
이러한 긍정적인 결과에 따라, 싱가포르 은행은 이제 Thermal-XR Enhance의 적용을 추가 지점으로 확장하는 것을 고려하고 있습니다.
Graphene Manufacturing Group (TSXV: GMG) a annoncé l'achèvement réussi d'études de cas sur les économies d'énergie en partenariat avec C&W Services Singapore et ACMES pour une banque de Singapour utilisant leur technologie Thermal-XR.
Les études ont démontré des économies d'énergie significatives allant de 10% à 20% en moyenne, avec un cas spécifique montrant une réduction de 33% de la consommation quotidienne d'énergie après l'application du revêtement par rapport aux conditions avant lavage.
Suite à ces résultats positifs, la banque de Singapour envisage maintenant d'étendre l'application de Thermal-XR Enhance à d'autres succursales.
Graphene Manufacturing Group (TSXV: GMG) hat den erfolgreichen Abschluss von Fallstudien zum Energiesparen in Zusammenarbeit mit C&W Services Singapore und ACMES für eine Bank in Singapur bekannt gegeben, die ihre Thermal-XR-Technologie verwendet.
Die Studien zeigten signifikante Energieeinsparungen von durchschnittlich 10% bis 20%, wobei ein spezifischer Fall eine Reduzierung des Energieverbrauchs um etwa 33% nach der Beschichtungsanwendung im Vergleich zu den Bedingungen vor dem Waschen zeigte.
Nach diesen positiven Ergebnissen zieht die Bank in Singapur nun in Betracht, die Anwendung von Thermal-XR Enhance auf weitere Filialen auszudehnen.
- Demonstrated energy savings of 10-20% on average, with peak savings of 33%
- Potential business expansion through scaling to more bank branches
- Successful proof of concept in commercial banking sector
- None.
Brisbane, Queensland, Australia--(Newsfile Corp. - March 12, 2025) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG, C&W Services Singapore and ACMES, GMG's Singapore Thermal-XR distributor, have successfully completed energy savings case studies with a Singapore bank. The energy savings was seen on average between
Figure 1 shows ~
Figure 1: Daily Energy Consumption Reduction due to Thermal XR Coating (after washing) on Bank Air Conditioner
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/244317_0264293a642e5ab7_002full.jpg
GMG's Managing Director and CEO, Craig Nicol, commented: "Our partnership with C&W Services and ACMES has been very successful thus far and we look forward to implementing more energy savings projects with THERMAL-XR® Powered by GMG Graphene with various other companies in Singapore and around the world."
About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural 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 initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
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"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.
GMG's 4 critical business objectives are:
- Produce Graphene and improve/scale cell production processes
- Build Revenue from Energy Savings Products
- Develop Next-Generation Battery
- Develop Supply Chain, Partners & Project Execution Capability
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations, 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) 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 the bank chain applying Thermal-XR Enhance to all of its remaining branches, GMG's continued partnership with C&W and the potential application of Thermal-XR Enhance to other companies around the world.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the bank chain will apply Thermal-XR Enhance to all of its remaining branches and that GMG and C&W will implement energy savings case studies with other companies in Singapore and worldwide. 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, that the bank chain will not apply Thermal-XR Enhance to all of its remaining branches and that GMG and C&W will not be able to implement energy savings case studies with other companies in Singapore and worldwide.
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/244317
FAQ
What energy savings did GMGMF achieve in the Singapore bank case study?
How is the Singapore bank planning to implement GMGMF's Thermal-XR technology?
Who are GMGMF's partners in the Singapore energy savings project?
What is the commercial application of GMGMF's Thermal-XR technology in this project?
