GMG Provides Update on Modular Graphene Production Plant & Capital Expenditure
Graphene Manufacturing Group (TSXV: GMG) has provided an update on its recently commissioned Modular Graphene Production Plant in Richlands, Australia. The plant, operational since December 2023, has exceeded expectations in both graphene production rate and quality. GMG has authorized AU$250,000 in capital expenditure for new quality assurance equipment, including a Raman Spectrometer and a Particle Size Analyzer. This investment aims to enhance the company's self-sufficiency in testing nanomaterials for its Graphene Aluminium Ion Battery and liquid graphene products, THERMAL-XR® and G® Lubricant. The production system utilizes GMG's innovative plasma technology, which creates high-quality graphene essential for the company's end products.
Graphene Manufacturing Group (TSXV: GMG) ha fornito un aggiornamento sulla sua recentemente inaugurata Fabbrica di Produzione di Grafene Modulare a Richlands, Australia. L'impianto, operativo da dicembre 2023, ha superato le aspettative sia per quanto riguarda il tasso di produzione di grafene che la qualità. GMG ha autorizzato un investimento di 250.000 AUD in spese di capitale per nuovi equipaggiamenti di assicurazione qualità, tra cui un Spettrometro Raman e un Analizzatore di Dimensione delle Particelle. Questo investimento mira a migliorare l'autosufficienza dell'azienda nel testare i nanomateriali per la sua Batteria agli Ioni di Alluminio al Grafene e i prodotti di grafene liquido, THERMAL-XR® e G® Lubrificante. Il sistema di produzione utilizza la tecnologia innovativa al plasma di GMG, che genera grafene di alta qualità essenziale per i prodotti finali dell'azienda.
Graphene Manufacturing Group (TSXV: GMG) ha proporcionado una actualización sobre su recientemente inaugurada Planta de Producción de Grafeno Modular en Richlands, Australia. La planta, operativa desde diciembre de 2023, ha sorprendido las expectativas tanto en la tasa de producción de grafeno como en su calidad. GMG ha autorizado AU$250,000 en gastos de capital para nuevo equipo de aseguramiento de calidad, incluyendo un Espectrómetro Raman y un Analizador de Tamaño de Partículas. Esta inversión tiene como objetivo mejorar la autosuficiencia de la empresa en la prueba de nanomateriales para su Batería de Ión de Aluminio de Grafeno y productos de grafeno líquido, THERMAL-XR® y G® Lubricante. El sistema de producción utiliza la tecnología innovadora de plasma de GMG, que produce grafeno de alta calidad esencial para los productos finales de la empresa.
그래핀 제조 그룹 (TSXV: GMG)는 호주 리치랜즈에 새로 설치된 모듈 그래핀 생산 공장에 대한 업데이트를 제공했습니다. 이 공장은 2023년 12월부터 운영되고 있으며, 그래핀 생산 속도와 품질 모두에서 기대 이상의 성과를 거두고 있습니다. GMG는 새로운 품질 보증 장비인 라만 분광기와 입자 크기 분석기를 포함하여 AU$250,000의 자본 지출을 승인했습니다. 이 투자 목표는 그래핀 알루미늄 이온 배터리 및 액체 그래핀 제품인 THERMAL-XR®와 G® 윤활유에 대한 나노 물질 테스트의 자급자족 능력을 향상시키는 것입니다. 생산 시스템은 GMG의 혁신적인 플라즈마 기술을 활용하여 회사의 최종 제품에 필수적인 고품질 그래핀을 생성합니다.
Graphene Manufacturing Group (TSXV: GMG) a fourni une mise à jour sur sa Nouvelle Usine de Production de Graphène Modulaire récemment mise en service à Richlands, en Australie. L'usine, opérationnelle depuis décembre 2023, a dépassy les attentes tant en termes de taux de production de graphène que de qualité. GMG a autorisé 250 000 AU$ de dépenses en capital pour de nouveaux équipements d'assurance qualité, y compris un Spectromètre Raman et un Analyseur de Taille de Particules. Cet investissement vise à renforcer l'autosuffisance de l'entreprise dans les tests de nanomatériaux pour sa Batterie Lithium-Ion de Graphène et ses produits de graphène liquide, THERMAL-XR® et G® Lubrifiant. Le système de production utilise la technologie plasma innovante de GMG, qui produit du graphène de haute qualité essentiel pour les produits finaux de l'entreprise.
Graphene Manufacturing Group (TSXV: GMG) hat ein Update zu seiner neu in Betrieb genommenen Modularen Graphen Produktionsanlage in Richlands, Australien, bereitgestellt. Die Anlage, die seit Dezember 2023 in Betrieb ist, hat die Erwartungen übertroffen sowohl in Bezug auf die Graphenproduktionsrate als auch auf die Qualität. GMG hat 250.000 AU$ für neue Investitionen in Qualitätsprüfgeräte genehmigt, darunter ein Raman-Spektrometer und einen Partikelgrößenanalysator. Diese Investition zielt darauf ab, die Selbstversorgung des Unternehmens bei der Prüfung von Nanomaterialien für seine Graphen-Aluminium-Ionen-Batterie und die flüssigen Graphenprodukte THERMAL-XR® und G® Schmiermittel zu verbessern. Das Produktionssystem nutzt die innovative Plasmatechnologie von GMG, die hochwertiges Graphen erzeugt, das für die Endprodukte des Unternehmens von entscheidender Bedeutung ist.
- Newly commissioned Graphene Production Plant exceeding expectations in production rate and quality
- AU$250,000 investment in quality assurance equipment to enhance self-sufficiency in nanomaterial testing
- Innovative plasma technology creating high-quality graphene for end products
- None.
Brisbane, Queensland, Australia--(Newsfile Corp. - September 3, 2024) - Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") is pleased to announce this business update on its recently commissioned Modular Graphene Production Plant at Richlands, Australia.
Figure 1: Graphene Production Plant Project Team
To view an enhanced version of this graphic, please visit:
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The newly commissioned Graphene Production Plant as seen in Figure 1 has been operating and producing Graphene since its commissioning date in December 2023.
The performance of the production unit has exceeded the Company's expectations in both graphene production rate and graphene quality. The Company continues to perform minor optimisations with this new production plant which have both increased production yield and quality of the graphene.
The Company has also authorised a total of AU
GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to see the new modular plant exceed expectations in terms of graphene production and quality. The expansion of our graphene characterisation equipment will also reduce learning loop times for optimisation projects where we no longer have to wait for University equipment access. The graphene production system uses GMG's self developed innovative plasma technology which creates the high quality graphene GMG's end products need to deliver their notable benefits."
GMG's Chairman and Director, Jack Perkowski, commented: "It is great to see the Company's production technology maturing to this point as this is GMG's fundamental core competency. Ongoing graphene production and characterisation developments will only support the Company's ability to develop and provide its useful liquid graphene products and Graphene Aluminium Ion Battery."
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 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 G+AI Batteries.
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 relating to the type of equipment being procured by the Company and the operators of such equipment; and the expected benefits of the analytical and characterisation laboratory equipment.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation: assumptions relating to the type of equipment that will be procured by the Company; that the equipment will be operated by the Company's scientists and technicians; that once the equipment is procured the Company will be able to perform its own testing of nano materials; that the expansion of GMG's characterisation equipment will reduce learning loop times for optimisation projects as the Company will no longer have to wait for University equipment access; and that ongoing graphene production and characterisation developments will support the Company's ability to develop and provide its products.
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 Company will be unable to procure the expected equipment; that the Company's scientists and technicians will be unable to operate the new equipment; that even if the expected equipment is procured, that Company will not become self-sufficient in testing its own nano materials; that the expansion of the Company's graphene characterisation equipment will not reduce learning loop times for optimisation projects; that ongoing graphene production and characterisation developments will not support the Company's ability to develop and provide its products; 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 12, 2023 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/221932
FAQ
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