GMG Provides Business Update on Australian Federal Government Engagement
Graphene Manufacturing Group (TSXV: GMG) has provided a business update on its engagement with the Australian Federal Government. The company recently visited the Australian Parliament in Canberra, meeting with key government officials:
1. Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, to discuss GMG's battery manufacturing progress and potential support from Federal Government policies.
2. Speaker of the House of Representatives, Honourable Milton Dick, to share progress since his 2023 visit to GMG's facilities.
3. Queensland Senator Anthony Chisholm, updating on developments since his 2022 visit to GMG's facilities.
GMG's CEO, Craig Nicol, emphasized the company's ongoing engagement with government at all levels to align its energy-saving and storage products with government policies supporting the energy transition.
Graphene Manufacturing Group (TSXV: GMG) ha fornito un aggiornamento sulle attività con il Governo Federale Australiano. L'azienda ha recentemente visitato il Parlamento Australiano a Canberra, incontrando funzionari governativi chiave:
1. Onorevole Senatore Tim Ayres, Assistente Ministro per il Commercio e Assistente Ministro per un Futuro Fatto in Australia, per discutere i progressi nella produzione di batterie di GMG e il potenziale supporto delle politiche del Governo Federale.
2. Speaker della Camera dei Rappresentanti, Onorevole Milton Dick, per condividere i progressi dal suo viaggio del 2023 presso le strutture di GMG.
3. Senatore del Queensland Anthony Chisholm, aggiornando sui sviluppi dal suo viaggio nel 2022 presso le strutture di GMG.
Il CEO di GMG, Craig Nicol, ha sottolineato il continuo coinvolgimento dell’azienda con il governo a tutti i livelli per allineare i suoi prodotti di risparmio e stoccaggio energetico con le politiche governative che supportano la transizione energetica.
Graphene Manufacturing Group (TSXV: GMG) ha proporcionado una actualización sobre su compromiso con el Gobierno Federal Australiano. La empresa visitó recientemente el Parlamento Australiano en Canberra, reuniéndose con funcionarios gubernamentales clave:
1. Honorable Senador Tim Ayres, Ministro Asistente de Comercio y Ministro Asistente para un Futuro Hecho en Australia, para discutir el progreso en la fabricación de baterías de GMG y el posible apoyo de las políticas del Gobierno Federal.
2. Presidente de la Cámara de Representantes, Honorable Milton Dick, para compartir avances desde su visita en 2023 a las instalaciones de GMG.
3. Senador de Queensland Anthony Chisholm, actualizando sobre los desarrollos desde su visita en 2022 a las instalaciones de GMG.
El CEO de GMG, Craig Nicol, enfatizó el compromiso continuo de la empresa con el gobierno en todos los niveles para alinear sus productos de ahorro y almacenamiento de energía con las políticas gubernamentales que apoyan la transición energética.
그래핀 제조 그룹 (TSXV: GMG)은 호주 연방 정부와의 협력에 대한 사업 업데이트를 제공했습니다. 회사는 최근 캔버라에 있는 호주 의회를 방문하여 주요 정부 관계자들과 만났습니다:
1. 호주에서 제조된 미래를 위한 무역 및 보조 장관인 팀 에이어스 상원의원과 만나 GMG의 배터리 제조 진행 상황과 연방 정부 정책의 잠재적 지원에 대해 논의했습니다.
2. 하원의장인 밀턴 딕 의원과 만나 2023년 GMG 시설 방문 이후의 진행 상황을 공유했습니다.
3. 퀸즐랜드 상원의원인 앤서니 치즐홈과 만나 2022년 GMG 시설 방문 이후의 개발 상황을 업데이트했습니다.
GMG의 CEO인 크레이그 니콜은 회사가 에너지 절약 및 저장 제품을 정부의 에너지 전환 지원 정책과 일치시키기 위해 모든 수준의 정부와 지속적으로 협력하고 있다고 강조했습니다.
Graphene Manufacturing Group (TSXV: GMG) a fourni une mise à jour sur son engagement avec le gouvernement fédéral australien. L'entreprise a récemment visité le Parlement australien à Canberra, en rencontrant des responsables gouvernementaux clés :
1. Honorable Sénateur Tim Ayres, Ministre assistant au commerce et Ministre assistant pour un avenir fabriqué en Australie, pour discuter des progrès de GMG dans la fabrication de batteries et du soutien potentiel des politiques du gouvernement fédéral.
2. Président de la Chambre des représentants, Honorable Milton Dick, pour partager les progrès depuis sa visite en 2023 dans les installations de GMG.
3. Sénateur du Queensland, Anthony Chisholm, pour donner des nouvelles des développements depuis sa visite en 2022 dans les installations de GMG.
Le PDG de GMG, Craig Nicol, a souligné l'engagement continu de l'entreprise avec le gouvernement à tous les niveaux pour aligner ses produits d'économie et de stockage d'énergie avec les politiques gouvernementales soutenant la transition énergétique.
Graphene Manufacturing Group (TSXV: GMG) hat ein Geschäftsupdate über seine Zusammenarbeit mit der australischen Bundesregierung bereitgestellt. Das Unternehmen hat kürzlich das australische Parlament in Canberra besucht und sich mit wichtigen Regierungsvertretern getroffen:
1. Ehrenwerter Senator Tim Ayres, stellvertretender Handelsminister und stellvertretender Minister für eine Zukunft Made In Australia, um d ie Fortschritte in der Batterieproduktion von GMG sowie mögliche Unterstützungsangebote durch die Bundespolitik zu besprechen.
2. Sprecher des Repräsentantenhauses, Ehrenwerter Milton Dick, um den Fortschritt seit seinem Besuch 2023 in den Einrichtungen von GMG zu teilen.
3. Queensland Senator Anthony Chisholm, mit Informationen zu den Entwicklungen seit seinem Besuch 2022 in den Einrichtungen von GMG.
Der CEO von GMG, Craig Nicol, betonte das fortlaufende Engagement des Unternehmens mit der Regierung auf allen Ebenen, um seine Energiekonservierungs- und Speicherprodukte mit den staatlichen Politiken zur Unterstützung des Energiewandels in Einklang zu bringen.
- Engagement with high-level government officials indicates potential support for GMG's initiatives
- Alignment of GMG's products with government policies on energy transition may lead to favorable opportunities
- None.
Brisbane, Queensland, Australia--(Newsfile Corp. - October 21, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the government engagement progress for the Company.
GMG continues to engage with various members of Australian Federal Government including a recent visit to the Australian Parliament in Canberra, Australia's capital city, to see the Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, as seen in Figure 1, to discuss GMG's battery manufacturing progress and how a number of Federal Government policies including the Future Made in Australia Battery Breakthrough could potentially support GMG.
Figure 1: GMG CEO and CFCO meet with Honourable Senator Tim Ayres
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001full.jpg
GMG also met the Speaker of the House of Representatives the Honourable Milton Dick, as seen in Figure 2, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2023 when Milton formally opened the Graphene coating blend plant.
Figure 2: GMG CEO and CFCO meet with Speaker of the House of Representatives Honourable Milton Dick
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002full.jpg
GMG also met Queensland Senator the Honourable Anthony Chisholm, as seen in Figure 3, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2022.
Figure 3: GMG CEO and CFCO meet with Senator the Honourable Anthony Chisholm
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003full.jpg
GMG's Managing Director and CEO, Craig Nicol, commented: "GMG continues to engage Government at all levels, including local, state and federal government, with the aim to help ensure its leading energy saving and energy storage products align with government policy to support the energy transition."
GMG's Chairman and Director, Jack Perkowski, commented: "We believe that Engagement with Government is important in the very dynamic markets GMG is focused on selling its product into, and we plan to continue engaging with Government as policies are rolled out in various key markets around the world."
About THERMAL-XR® powered by GMG Graphene:
THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.
THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING
About GMG www.graphenemg.com
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 coating), 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").
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, the potential for Federal Government policies to support GMG, the Company's belief that Engagement with Government could support GMG and help ensure its products align with government policy to support the energy transition, the potential for THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the Company's goal of achieving optimal production line performance for THERMAL-XR® and the entering of full production.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that Federal Government policies could support GMG, that Engagement with Government could help support GMG and help ensure its products align with government policy to support the energy transition, assumptions regarding the development of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will be able to derive the expected benefits from the Company's products, and that the Company will be able to achieve optimal production line performance for THERMAL-XR® and enter full production. 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 Federal Government policies do not support GMG to the extend expected or at all, that Engagement with Government does not support GMG and/or does not ensure its products align with government policy to support the energy transition to the extend expected or at all, that there will be no developments of extensions or enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will not derive the expected benefits from the Company's products, that the Company will be unable to achieve optimal production line performance for THERMAL-XR® or enter full production, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.
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/227262
FAQ
What government officials did GMG meet with in Canberra?
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