Engineering Archives - Page 13 of 27

GMG Appoints Nu-Calgon as THERMAL-XR(R) Distributor for North America

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that GMG has signed a THERMAL-XR(R) distribution agreement with Nu-Calgon Wholesaler, Inc (“Nu-Calgon”). Nu-Calgon is the leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with GMG to provide THERMAL-XR(R) to the HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corporation and Calgon Vestal Laboratories, has been a leader in North America’s HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Missouri, where it distributes its products to thousands of distribution and stocking locations. THERMAL-XR(R) allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

GMG is in the process of obtaining USA EPA approval for the THERMAL-XR(R) and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

GMG’s Managing Director and CEO, Craig Nicol, stated: “We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions – one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR(R) and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalised later this year. I commend the GMG team led by Mark Lock, the General Manager of Sales and GMG’s North American Representative Steve Hutchcraft, for their leadership.”

DeWight Wallace, Nu-Calgon’s President, commented: “We are very pleased to work with GMG on introducing the THERMAL-XR(R) product into the HVAC-R markets for North America – We are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its Energy-Saving opportunities for our customers.”

Figure 1
https://images.newsfilecorp.com/files/8082/175052_7df32eaf342c1aae_001full.jpg

GMG’s 4 critical business objectives are:

1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About Nu-Calgon (www.nucalgon.com)

Nu-Calgon supplies a complete line of specialty chemical products for the HVACR aftermarket that includes: coil cleaners, leak sealants, air purifiers and refrigeration oils, water treatment, ice machine maintenance, and other specialty applications. These products are marketed to air conditioning, heating, refrigeration, and plumbing wholesalers, food service/restaurant suppliers and OEMs.

Nu-Calgon has dedicated factory sales professionals located across the United States and Canada, providing many years of sales and product experience. A state-of-the-art order entry system accesses the Nu-Calgon inventory at the centralised distribution center, enabling prompt, accurate order processing and complete order shipment within 24 hours.

About GMG (www.graphenemg.com)

GMG is a clean-technology company that 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, the continued engagement and collaboration with Nu-Calgon pursuant to the distribution agreement, Nu-Calgon’s plan to purchase GMG’s THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of the distribution agreement with Nu-Calgon to result in the benefit’s management expects, Nu-Calgon’s plans to launch THERMAL-XR in early 2024, the timing and content of future announcements relating to GMG and Nu-Calgon’s partnership, and the Company’s and Nu-Calgon’s planned or contemplated business, development, and activities and the timelines relating thereto. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the continued engagement with Nu-Calgon pursuant to the distribution agreement, the plans for Nu-Calgon to purchase GMG’s THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of GMG to sell THERMAL-XR in Canada, Mexico, and Caribbean countries, the expected benefits of the engagement with Nu-Calgon pursuant to the distribution agreement, the expectation for Nu-Calgon to launch THERMAL-XR in early 2024, that the timing and content of future announcements regarding GMG and Nu-Calgon’s partnership will align with management’s expectations, and the feasibility of the Company and Nu-Calgon achieving the planned or contemplated business, development, and activities and the timelines relating thereto. 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: the engagement with Nu-Calgon pursuant to the distribution agreement will not continue as expected, the results of the distribution agreement with Nu-Calgon will differ from current expectations, Nu-Calgon will not purchase GMG’s THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, GMG will not be able to obtain EPA approval for TXR sales in the USA, the Company will be unable to sell TXR in Canada, Mexico and various parts of the Caribbean, the Company will not benefit from the Nu-Calgon distribution agreement as expected, Nu-Calgon may not launch THERMAL-XR on its expected timeline, the Company’s current business objectives and business focus may change, the Company and Nu-Calgon may not achieve the planned or contemplated business, development, and activities and the timelines relating thereto, customer interest and market demand for the use of THERMAL-XR(R) products will not be as expected, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of Nu-Calgon to distribute the Company’s products as anticipated, 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, 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 18, 2022 available for review on the Company’s profile at www.sedar.com.

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.

Sarawak Consolidated Commences Legal Action against Dynamic Prestige Consultancy

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that it has initiated legal proceedings against Dynamic Prestige Consultancy Sdn. Bhd from an unfulfilled refund of RM14,000,000.00.

Ku Chong Hong, Managing Director of SCIB

The sum was an initial payment in anticipation of a strategic business partnership in the Engineering, Procurement, Construction and Commissioning (EPCC) sector. As part of the agreement, Dynamic Prestige Consultancy Sdn. Bhd. was to propose a Redeemable Convertible Preference Shares (RCPS) scheme in their company. SCIB, having decided not to proceed with the RCPS, has sought the agreed refund. However, to date, Dynamic Prestige Consultancy Sdn. Bhd. (“Dynamic Prestige”) has failed to honour this agreement.

In response to the ongoing litigation, Mr. Ku Chong Hong, Group Managing Director of SCIB, stated, “The initiation of this legal action is a necessary step to protect our company’s interests and uphold our financial integrity. We have always operated with full adherence to our contractual obligations and expect the same level of commitment from our partners. We remain confident in our legal position and are committed to ensuring the best outcome for our shareholders and stakeholders.”

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SCIB Celebrates Sarawak Day With Life-Saving Blood Donation Drive

SCIB CSR Team and Sarawak Blood Bank Jointly Organize ‘SCIB Blood Donation Day’

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB or the Company) is pleased to announce that they have organised their annual blood donation drive in collaboration with the Sarawak General Hospital Blood Bank in honor of Sarawak Day. The initiative, known as SCIB Blood Donation Day, is part of the company’s ongoing commitment to giving back to society.

Under the lively banner “Ohh Kitak Juh Derma Darah”, the event is scheduled for 22nd July 2023, from 9am to 2pm. The venue is the Department of Transfusion Services and Blood Bank at Sarawak General Hospital, Kuching. SCIB is extending a heartfelt invitation to the community to join hands in this lifesaving cause. This marks SCIB’s 4th collaboration with Sarawak General Hospital Blood Bank since their first collaboration in 2020.

“A fundamental part of our ESG philosophy at SCIB is giving back to the community,” said Mr. Ku Chong Hong (‘Mr. Ku’), Managing Director of SCIB. “This blood donation drive not only aligns with our social responsibility but also embodies the spirit of Sarawak Day – unity and care for one another. We strongly believe that this initiative will enhance community bonding.”

To show gratitude to the generous donors, SCIB will be gifting a microfibre shirt to the first 120 participants. This token is a symbol of appreciation and recognition of their invaluable contribution to society.

“Blood donation is a simple act that has an extraordinary impact. We hope that this event will raise awareness about the constant need for blood and inspire more people to become regular donors,” added the spokesperson.

SCIB’s commitment to sustainability and community investment is a key component of its operating ethos. The company consistently seeks to balance its industrial activities with the welfare of its stakeholders. The SCIB Blood Donation Day is one of many initiatives demonstrating how SCIB fulfils its ESG commitments while making a real difference to people’s lives.

The company is encouraging everyone who can to support this critical cause. “Come, join us, and make a difference. Donate blood, save lives. Let’s work together to create a healthier Sarawak,” urged Mr. Ku.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Dematic Reduces Noise of Supply Chain Facilities, Enhances Worker Experience With 3D Noise Mapping Audit

Today, Dematic announced the global launch of its Noise Reduction Portfolio, a comprehensive solution to address loud work environments across supply chain facilities. The offering includes before and after 3D noise mapping audits throughout a facility, enhanced rollers, slats, and belt conveyors that can reduce noises at their source by up to 15 decibels.

“The well-being of our customers and their employees is a high priority that includes protecting hearing when working in loud environments like distribution centers,” says Andy Randles, Senior Director, Global Lifecycle Support. “By implementing this portfolio of technology, our customers can take the noise levels down in their facilities from a concert hall to a classroom chat. It’s a huge step forward in improving work environments.”

To diagnose noise levels, Dematic uses 3D noise mapping to conduct on-site testing at customer facilities that visually identifies acoustic hazards, similar to the way a heatmap identifies temperature hazards. Dematic then builds a noise model to simulate how upgrading equipment would reduce noise levels. The company recommends upgrades and installs quiet rollers, slats, and conveyors as needed. Dematic conducts a second test after installation to demonstrate the difference before and after the upgrade was made.

“We’re proud to provide such a comprehensive noise reduction portfolio,” says Randles. “Reducing noise levels in facilities is not only meaningful for worker health and safety, but also to job satisfaction. We’ve heard from customers that morale and productivity among workers goes up when noise levels are lower.”

According to the National Institute for Occupational Safety and Health (NIOSH), approximately 22 million workers in the U.S. are exposed to noise loud enough to damage their hearing each year. Similarly, studies in Europe have found up to 30 million workers are exposed to occupational noise that endangers their hearing. Results of research studies like these underscore the importance of furthering technology and solutions that protect worker hearing and improve safety.

The new portfolio continues Dematic’s focus on reducing noise levels in customer facilities so workers can better communicate and hear safety sounds. In 2022, Dematic introduced new noise reduction features on its linear sorter that included quiet shoes, merge wedges, and slider belts.

For more information about Dematic, visit dematic.com or follow us on LinkedIn, Facebook, and Twitter.

About Dematic
Dematic designs, builds, and supports intelligent automated solutions empowering and sustaining the future of commerce for its customers in manufacturing, warehousing, and distribution. With research and development engineering centers, manufacturing facilities, and service centers located in more than 35 countries, the Dematic global network of over 11,000 employees has helped achieve successful customer installations for some of the world’s leading brands. Headquartered in Atlanta, Dematic is a member of KION Group, one of the world’s leading suppliers of industrial trucks and supply chain solutions.

Media Contact:
Mandi Baronas
Senior Manager Communications
mandi.baronas@dematic.com
dematic.com

Disclaimer:
This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, for example, changes in business, economic, and competitive conditions (including with respect to further developments in relation to the COVID-19 pandemic), regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release.

Contact Information
Mandi Baronas
Senior Manager Communications
mandi.baronas@dematic.com

EGO Announces New Partnership with John Deere to Drive Innovation in the Outdoor Power Equipment (OPE) Industry

Chervon Holdings Limited (HKG: 2285) recently announced a strategic agreement with John Deere. This enables EGO branded battery products to be sold through John Deere dealers, and both parties will also collaborate on developing new products in the future.

John Deere is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. With the technology-enabled products ( Autonomous 8R Tractor, See & Spray(TM), and E-Power Backhoe), John Deere helps meet the world’s increasing need for food, shelter, and infrastructure. Chervon, the parent company of EGO and a leading global player in the Battery-Powered Outdoor Power Equipment (OPE) and Power Tool industry, its products are sold in more than 100 countries.

As part of this agreement, EGO’s complete range of mowers, blowers, trimmers, edgers, chainsaws, and snow blowers will be available at John Deere dealers in the United States and Canada starting in the fall of 2023. This collaboration will enable customers to access EGO’s innovative and high-performance products conveniently through John Deere’s extensive network, known for its commitment to excellence and customer service. In addition, Chervon and John Deere will collaborate on the development of new products in the future.

Currently, the global Outdoor Power Equipment (OPE) industry is undergoing a rapid transformation, and the lithium-ion OPE sector is experiencing a golden period of accelerated growth. Chinese manufacturers have emerged as strong players in the race, capitalizing on their strong lithium-ion supply chain advantages, excellent research and development capabilities, and forward-looking strategies. Among them, Chervon has established a solid competitive barrier through its three pillars of “Product + Brand + Channel”. Since its introduction in 2014, its EGO brand has experienced rapid development, leading-edge triple battery technology, and high product quality to secure a prominent position in the industry. The 56V battery pack platform fits all EGO branded products, help consisting the EGO battery pack ecosystem, and has become the top-ranked brand in the lithium-ion platform outdoor power equipment sector. The strong collaboration between Chervon and John Deere, brings together the integrated benefits of technology, channels and brand value, setting an example for leading industry participants actively driving industry innovation.

Taiwan Excellence Pavillion Fosters Connections in ASEAN and Beyond Through Successful Debut at AT X SG

Excellence in design, quality, Taiwanese R&D, manufacturing and innovation. These attributes of Taiwan Excellence were on full display at the Asia Tech x Singapore (AT x SG) event from 6 to 9 June. The show, which concluded today, saw an array of award-winning technologies in the fields of 5G and smart telecom, security and solutions for enterprises and Artificial intelligence of things (AIoT) smart applications from 15 Taiwanese tech brands showcased to over 17,000 attendees from across the globe.

These leading Taiwanese companies including AIFA, Nilvana, PanelSemi, PLANET, MSi, TPI Software, and Z-Com came together for the first time at AT x SG to display solutions ranging from mini LED displays to smart home controllers, and industrial wireless routers.

Ms Wu Yiling, Director of Taiwan Trade Centre Singapore, said, “We are delighted to make a successful debut at this landmark event. Singapore is an important trade partner of Taiwan, and we have a close and long established bilateral relationship. Through Taiwan Excellence’s inaugural participation at ATxSG, we hope to promote partnerships, share our cutting-edge technologies, and facilitate knowledge exchange between leading Taiwanese companies, innovators and members of the ICT industry in the Southeast Asia region, affirming Taiwan’s commitment to Singapore and to the region.”

Key products that were on display included:

PanelSemi’s MagiCylinder, the world’s first AM Mini LED direct view display that is flexible, rollable and multi-tiling-able. The MagiCylinder offers low energy consumption and a good cooling system, and is the world’s thinnest at only 1mm thickness.

MSi FUNTORO’s TS Series, a smart and complete solution with a cloud management platform for electric buses. Through the integration of CANBUS and various sensors, the vehicle and driving data are collected and transmitted to the backend platform to allow real-time fleet management and remote monitoring on system devices, driver behaviors, on-duty time and battery efficiency to enhance fleet safety and operation efficiency.

Z-Com’s SP230-S5, an outdoor wireless AP which can operate in point to point, bridge & coverage modes. Based on 802.11ac Wave 2 technology, throughput is up to 1,167Mbps. With built-in high gain antennas & ERIP 38dBm, its coverage can be 400 meters & transmit over 6KM for video streaming at PTP mode.

Rick Ng, Business Development Manager, Z-Com Inc., said, “Being at this exhibition is an important step in gaining a foothold in Singapore and ASEAN. This show has provided us a good opportunity to showcase the latest technology from Z-Com Inc. which focuses on smart telecom including long range wireless routers.”

Yvonne Chien, General Manager Singapore, TPI Software, “This experience was definitely a good one, where we were able to showcase our award winning product that uses IP technology, the DigiRunner, a platform for businesses to manage their application programming interfaces, allowing us to form a deeper connection with customers from all over ASEAN.”

Chloe Hsu, Marketing Manager, PLANET Technology Corporation, added, “For 20 years in a row, a total of 63 products and solutions from PLANET have received the Taiwan Excellence Award. We are delighted to be able to showcase three of these award winning products and solutions here at the exhibition. We will continue to provide innovative network products for the global market, utilizing advanced technology and environmental sustainability to realize a sustainable network communication infrastructure.”

This marked Taiwan’s inaugural participation at Southeast Asia’s leading trade technology exhibition, which has opened up avenues for the market to reach out to not only their trading and technology partners in the region but also foster further collaborations with partners from ASEAN and the world.

More information about the products displayed at the Taiwan Excellence Pavilion can be found here. https://preciouscomms.box.com/s/p28iqs9c4xgmjcn01lxhsxxoe10atlm3

About Taiwan Excellence Awards

The Taiwan Excellence Awards were established by the Ministry of Economic Affairs in 1993. Every year, eligible candidates are subjected to a rigorous and stringent selection system that covers four major aspects of “R&D”, “Design”, “Quality” and “Marketing” to identify outstanding products that offer “Innovative Value” while satisfying the key criterion of being “made in Taiwan”. Products that have been selected for the Taiwan Excellence Awards would serve as examples of the domestic industries and be promoted by the government in the international market to shape the creative image of Taiwanese businesses.

The organizers of Taiwan Excellence

– The Bureau of Foreign Trade (BOFT), which was established by the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for formulating Taiwan’s international trade policies, promoting trade, and managing trade-related activities.

– Taiwan External Trade Development Council (TAITRA)
Founded in 1970, TAITRA is Taiwan’s foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

For Media Enquiries
PRecious Communications for TAITRA
Tel: +65 6303 0567
Email: taitra2023@preciouscomms.com

SCIB Announces Restructuring at Board Level

Company to appoint Abang Abdillah as Executive Chairman and Marcus Chin Choon Wei as Executive Director with immediate effect at its EGM

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB, Bursa: SCIB, 9237) today announced the appointments of Abang Abdillah Izzarim bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari as Executive Chairman and Marcus Chin Choon Wei as Executive Director.

Abang Abdillah Izzarim Bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari, Executive Chairman of SCIB

Marcus Chin Choon Wei, Executive Director of SCIB

Abang Abdillah Izzarim is the Chairman of the PP Telecom and a director for Cempaka Helicopter Corporation Sdn Bhd. Marcus Chin Choon Wei is the Chief Financial Officer of Artroniq Berhad, as well as an Executive Director at APB Resources Berhad.

At the same time, the Company is also announcing the appointments of Mr. Kang Wei Luen, Dr. Dang Nguk Ling, and Mr. Liaw Way Gian as Independent Non-Executive Directors, with immediate effect.

Mr. Liaw is an Executive Director and Chief Executive Officer (CEO) of Artroniq Berhad, while Mr. Kang is an Independent Non-Executive Director of Artroniq and APB Resources Berhad. Dr. Dang Nguk Ling is an Independent Non-Executive Directors of APB Resources Berhad where Mr. Liaw also serves as an Executive Director.

SCIB also announced the resignation of Group Chief Executive Officer and Managing Director, Encik Rosland Bin Othman today as well as three Independent Non-Executive Directors, namely En. Noor Azri bin Azerai, En. Mohd Shakir bin Shahimi, and En. Nuraiman bin Shaiful Annuar on Monday, 26 June.

Mr. Ku Chong Hong has since been redesignated to Managing Director, while En. Shamsul Anuar Bin Ahamad Ibrahim has been redesignated to Independent Non-Executive Director effective immediately.

Mr. Ku Chong Hong, the new Managing Director of SCIB, said, “I would like to thank the Board of Directors of SCIB for this appointment, and I would like to extend a warm welcome to Abang Abdillah as our newly appointed executive chairman. I would also like to welcome Mr. Marcus to the Board of Directors (BoD) along with Mr. Kang, Dr. Dang and Mr. Liaw. Together with our recently appointed Independent Non-Executive Director Ms. Toh Beng Suan, their contributions and advice will help bring the Company to new levels of success. I look forward to working closely with them as SCIB will certainly be able to leverage on their experience and expertise.”

“We would also like to wish En. Rosland bin Othman for his many years of dedication towards SCIB, and to En. Noor Azri bin Noor Azerai, En. Mohd Shakir bin Shahimi and En. Nuraiman bin Shaiful Annuar well and thank them for their guidance and advice in their time as directors of SCIB.”

SCIB has been leveraging on its expertise as an engineering, procurement, construction and commissioning (EPCC) to seek opportunities in small-to-mid-sized projects in rural areas across Malaysia. The Company’s wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SCIBIBS), was earlier this year awarded two school projects, an EPCC subcontract valued at RM16.8 million for the construction of Sekolah Kebangsaan Tambay, in Kota Samarahan and the rebuilding of a Daif school in Serian valued at RM20.65 million, both in Sarawak.

As at the end of 3QFY2023, SCIB’s order book stood at a cumulative contract value of RM495.3 million.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Taiwan Excellence Showcases over 30 Award-Winning Products at Asia Tech x Singapore 2023 Debut

TAITRA expands visibility in the ASEAN market for 15 participating Taiwan Excellence Award winning brands at ATxSG 2023

Taiwanese innovations were in the limelight at Asia Tech x Singapore (ATxSG) 2023, with over 30 award-winning products from 14 leading Taiwanese technology companies on display at the Taiwan Excellence Pavilion. Making its debut, Taiwan Excellence showcased cutting edge AI, Smart City, Industrial Internet of Things (IioT) and embedded systems solutions to crowds of visitors on the opening day of Asia’s largest technology event.

Mr. Tung Chen-Yuan, Representative of the Taipei Representative Office in Singapore, with the Taiwan Excellence Brands delegates at the Taiwan Excellence Pavilion

Established by the Bureau of Foreign Trade, MOEA and the Taiwan External Trade Development Council (TAITRA), Taiwan Excellence is an award-winning entity aimed at encouraging Taiwanese companies to innovate and add value to their products. Brands featured included E-Ink, Lanner, MSI, Nilvana, Planet and WebComm.

Guest of Honour, Mr. Tung Chen-Yuan, Representative of the Taipei Representative Office in Singapore, who made a special appearance at the pavilion to view the products and to speak to brand representatives said: “Taiwan Excellence is Taiwan’s brand name, and I am pleased that as a key player in the global technology sector and a dominant force in the different sectors of AI, 5G technology, Smart Home Solutions and enterprise security and solutions, Taiwan is able to demonstrate its innovation capabilities at ASEAN biggest tech event. With Singapore and Taiwan being strong trade partners, this exposure will help our companies gain more visibility and serve as an important opportunity to build inroads to more business and partnership opportunities not only in Singapore but in the region.”

All products and technologies at the Taiwan Excellence Pavilion have been distinguished with the Taiwan Excellence Award, the highest accolade bestowed upon Taiwan-originated products based on their excellence in design, quality, marketing, Taiwanese R&D, and manufacturing.

Said Ms Wu Yiling, Director, TAITRA Singapore: “This event is an ideal platform for us to showcase the excellence in innovation and design that Taiwanese companies can achieve to a global audience. In line with the Taiwan government’s initiatives, we aim to help these innovative products and brands break into the regional market and foster greater awareness and interest in Taiwan’s industries.”

Mr Wang Chao Cheng, Product Manager, AIFA Technology Corp. said: “Our products have been well-established in Taiwan, and we are proud to be here representing Taiwan Excellence at ATxSG. We hope that our products will show the progress that Taiwan has made in the field of smart home technology, providing new and innovative options for buyers and consumers alike.”

Crowley Wu, Vice President of Sales and Marketing, Zyxel Networks said: “During this event, we aim to showcase our technological advancements with our latest products, including the NWA50AX Access Point, the Cloud-based Smart Managed Switch GS1915-8EP, and the USG FLEX 100 firewall. As a leader in delivering secure and cloud-powered networking solutions, we are thrilled to connect with fellow innovators from around the world and exchange knowledge and experiences, as the tech industry is constantly evolving.”

The Taiwan Excellence Pavilion is located at Singapore Expo, Hall 3, Booth 3L2-03, and can be visited until June 9, 2023. The Taiwan Excellence Pavilion features an interactive platform, offering visitors a close-up experience with the products on exhibit. Located strategically, the pavilion helps hightlight the innovative brilliance of Taiwanese tech leaders and bolster their brands reputation and esteem.

About Taiwan Excellence Awards
The Taiwan Excellence Awards were established by the Ministry of Economic Affairs in 1993. Every year, eligible candidates are subjected to a rigorous and stringent selection system that covers four major aspects of “R&D”, “Design”, “Quality” and “Marketing” to identify outstanding products that offer “Innovative Value” while satisfying the key criterion of being “made in Taiwan”. Products that have been selected for the Taiwan Excellence Awards would serve as examples of the domestic industries and be promoted by the government in the international market to shape the creative image of Taiwanese businesses.

The organizers of Taiwan Excellence
– The Bureau of Foreign Trade (BOFT), which was established by the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for formulating Taiwan’s international trade policies, promoting trade, and managing trade-related activities.

– Taiwan External Trade Development Council (TAITRA)
Founded in 1970, TAITRA is Taiwan’s foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

For Media Enquiries
PRecious Communications for TAITRA
Tel: +65 6303 0567
Email: taitra2023@preciouscomms.com

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

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(R) (TXR) in a range of applications.

ENERGY SAVINGS WHEN THERMAL-XR(R) APPLIED TO A NEW CONDENSER COIL

In their ISO-approved facilities, GMG’s testing partner Supercool Asia Pacific Pty Ltd undertook two comparison tests to assess the impact of TXR in enhancing the operating efficiency of a cooling system. The equipment used in the tests was a new customised 4.3kW Refrigeration Unit with an electronic expansion valve with variability disabled (Figure 1 outlines the test room layout). The pre-TXR-treated condenser coil had an existing industry standard coating (as seen in Figure 2), on which tests were run. This condenser coil was then coated with TXR (as seen in Figure 2) and the same tests were run again.

Figure 1: Test room for both comparison tests
https://images.newsfilecorp.com/files/8082/168332_gmg_fig1_550.jpg

Figure 2: Condenser Coil Prior to THERMAL-XR(R) Coating (left) and Condenser Coil Post THERMAL-XR(R) Coating (right)
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The first comparison test conducted was a Pull Down Test which assessed the time and energy required to reach a set temperature of 20C in the heat controlled room with an initial set temperature of 300C, controlled constant humidity level, and an outdoor temperature of 350C. This simulates a typical cold storage room with traffic subject to heat losses and required to cool down on multiple occasions to the set temperature. The quicker time to reach the set point cooling temperature, under the same conditions, highlights a reduction in energy consumption for the THERMAL-XR(R) coated condenser coil.

As seen in Table 1 the THERMAL-XR(R) coated coil resulted in 15.7% Energy Savings and a 16.1% time savings for the Pull Down test.

Table 1: Pull Downtime and energy consumed prior to and post TXR coating.
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The second comparison test was an uninterrupted 48-hour Temperature Cycle test. This tests the impact of TXR on maintaining a constant set point temperature (for example where there is no periodic access to a cool room). The test measured the energy required over a 48-hour period to keep a cooling set temperature of 20C in a heat-controlled room with an outside temperature of 350C and controlled constant humidity level. The lower amount of energy required by the THERMAL-XR(R) coated unit, under the same conditions, highlights the energy savings.

Table 2 shows the THERMAL-XR(R) coated coil delivered 4.69% Energy Savings for the 48-hour Temperature Cycle test.

Table 2: 48 Hour Cycle Energy Test Prior to vs Post TXR Coating
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Full test results will be available on GMG’s website.

Craig Nicol, GMG’s CEO summarised as follows “The Energy Savings results of THERMAL-XR(R) in an independent, third party, ISO-accredited testing laboratory with two testing methodologies is very exciting. The graphene-enhanced heat transfer properties of THERMAL-XR(R) have demonstrated that the performance of a new coil can be enhanced. This has significant potential for our targeted market of new air conditioners or Original Equipment Manufacturers (OEMs), as well as our existing target market of installed air conditioners. It also helps put into context those GMG projects where results on old equipment have achieved even higher energy savings.”

HEAT TRANSFER VERIFICATION

GMG has also been working with potential industrial customers to demonstrate the potential for improved heat management through the application of TXR. As part of this demonstration programme, GMG has commissioned the University of Queensland Materials Performance Consultancy to verify a number of heat transfer demonstrations.

GMG is pleased to report that the University of Queensland Materials Performance Consultancy (“UQMP”) verified that GMG’s THERMAL-XR(R), demonstrations and results, when applied to Copper and Aluminium, changed the surface temperature when operating between 700C and 900C.

Copper Top Side Coating: Surface Temperature Reduction ~16%

As seen in Figure 3 GMG’s THERMAL-XR(R), when applied to a Copper plate, reduces the surface temperature by ~16% when operating between 700C and 900C compared with an uncoated plate. The chart below shows the temperature differences due to GMG’s THERMAL-XR(R) when applied on a Copper plate with the same heat load.

As seen in Figure 4, when the THERMAL-XR(R) coating was applied to the top side copper plate, greater heat transfer was observed away from the common heat source (compared to the panel with no coating). Furthermore, the non-coated underside of the coated panel – being the side directly exposed to the heat source – remained approximately 16% cooler than the heat-exposed side of the uncoated panel, within the temperature range of 70degrees C to 90degrees C.

Figure 3: Temperature Reduction of TXR coating vs Uncoated
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Figure 4: GMG’s demonstration of THERMAL-XR(R) coating increases heat transfer when applied to Copper.
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Aluminium top side Coating: Surface Temperature Reduction ~15%

GMG previously reported the UQ had verified a ~ 15% reduction when TXR was applied to the top side of aluminium, compared to un-TXR coated material (please refer to press release of 20th December 2022).

Underside Coating | Aluminium and Copper: Surface Temperature Increase

In addition to these two ‘top side’ coating tests, GMG is also pleased to release the results of testing of GMG’s THERMAL-XR(R) applied on the underside of both Aluminium and Copper (see Table 4), where the result was to see the underside of the plates increase in temperature, again following the same testing methodology.

Table 3: Temperature Increase from TXR Coating Underside.
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Summary of All Results to Date for TXR coating of Aluminium and Copper, either top side or underside

These results, shown in Figure 5, are very encouraging in outlining the application of TXR for various heat management applications creating the potential for operating efficiency and / or energy savings.

Figure 5: Temperature Increases and Decreases with TXR on Copper and Aluminium
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Relevance to Heat Exchangers in Air Conditioners and Industrial Applications

Copper and Aluminium are key metals used in HVAC-R equipment. This demonstration highlights that the external (top side) coating of the metal with THERMAL-XR(R) can improve heat transfer, potentially leading to Energy Savings because of reduced compressor and fan utilisation.

Figure 6
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Relevance to Other Potential Applications

The coating of metal with THERMAL-XR(R) exposed to a heat source (Under side coating) can potentially act as a heat sink to keep heat within a requirement.

“GMG’s THERMAL-XR(R)’s ability to increase and reduce heat transfer is clear in this simple demonstration with operating temperatures between 70degrees C to 90degrees C. The graphene-enhanced heat transfer properties of THERMAL-XR(R) seemingly outweigh the traditional insulating effect of coatings when cooling. GMG believes the ability to increase or reduce temperature with a simple application of the technically advanced THERMAL-XR(R) can significantly contribute to improved performance and efficiency while reducing energy demand in a wide range of applications,” stated by Managing Director and CEO, Craig Nicol.

THERMAL-XR(R) powered by the GMG Graphene coating system is a unique method of improving the conductivity of heat exchange surfaces, resulting in an efficiency improvement and a potential power reduction when applied to air conditioning condenser coils or other industrial processes needing heat transfer.

The performance of existing air conditioners can also be increased with THERMAL-XR(R) process fluids (PREP and ACTIVATE) which clean and remove corrosion on the coil before applying the THERMAL-XR(R) RESTORE.

GMG is undertaking further assessments on other metals used in heat transfer applications and at various temperature settings and will publish market updates from time to time on these.

GMG is working with a number of companies globally including four recently signed distributors in Asia (announced 24th May 2023) and direct sales for the HVAC-R maintenance market. Furthermore, GMG is engaging with various companies for direct selling of THERMAL-XR(R) for industrial applications with high energy requirements, and high emissions – including oil and gas production, power generation, liquified natural gas production, mining, and mineral processing.

In addition, a number of customers are interested in the protective features of TXR graphene-enhanced coating, especially in harsh environmental conditions.

GMG’s 4 critical business objectives are:

1. Produce Graphene and improve/scale the production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About The University of Queensland Materials Performance (UQMP)

UQ Materials Performance was founded in 1998 and has since grown to become one of Australia’s leading materials engineering consultancies. Our mission statement:

UQ Materials Performance serves the needs of society by applying research methodologies to answer technical questions. UQMP strengthens UQ research by building relationships of trust with industry partners, systematising knowledge gained in short-term projects, generating seed funding, and by direct involvement in structured research. UQMP inspires student learning by generating professional case studies which show their discipline in action.

UQMP has a dedicated team of engineers and industrial chemists with a wide range of experience and specialty skills. Our diverse and cross-disciplinary problem-solving approach also brings fresh perspectives to projects. Our team works closely together with our clients to clearly understand, define and tackle problems in a systematic yet direct manner. Our access to the world-class facilities of The University of Queensland puts us at the forefront of analytical science and engineering.

UQ Materials Performance operates out of The University of Queensland Advanced Engineering Building. We share the building with the Centre for Advanced Materials Processing and Manufacturing (AMPAM) and the School of Civil Engineering, allowing close collaboration on consulting and research projects.

About GMG

GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance-enhanced HVAC-R coating system.

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 Investor Relations, leo@fcir.ca, +1 647 689 6041
www.graphenemg.com

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 impact of THERMAL-XR(R) on heat transfer and its potential applications and expected performance, management’s expectations of the effects of Thermal-XR(R), the intention of the Company to research, develop and produce certain products, and the Company’s intention to engage third parties to assist in the distribution and sale of its products and statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to achieve the expected results of its THERMAL-XR(R), that the Company will be able to research, develop and produce certain products as anticipated, and that the Company will be able to engage third parties and develop relationships to assist in the development, distribution and sale of its products. 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: the Company will not be able to use THERMAL-XR(R) as expected or the performance, safety profile and production and maintenance requirements of the THERMAL-XR(R) coating system will not be consistent with management’s expectations, the impact of Thermal-XR(R) will not be consistent with management’s expectations, the Company will not be able to research, develop and produce certain products, the Company will not be successful in engaging third parties and developing relationships to assist in the development, distribution and sale its products, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop 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 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 18, 2022 available for review on the Company’s profile at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168332

Minetech Posts 46% Growth in Revenue for 4Q

LBT for FY2023 halved as civil engineering and bituminous products businesses continue to show earnings improvement

Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company reported a 46.1% increase in revenue to RM36.9 million for the fourth quarter ended 31 March 2023 (4Q FY2023) compared with revenue of RM25.2 million in 4Q FY2022.

Matt Chin, Executive Director of Minetech

The Company registered a loss before tax (LBT) of RM7.2 million for 4Q FY2023 compared with LBT of RM12.1 million in 4Q FY2022. For FY2023, the Company recorded a 45.4% growth in revenue to RM124.2 million compared with RM85.4 million in FY2022 while LBT for the period under review has been halved to RM10.2 million from RM24.3 million.

For the quarter under review, the civil engineering division recorded revenue of RM23.4 million with an operating profit of RM2.3 million compared with revenue of RM14.7 million and operating profit of RM0.9 million in 4Q FY2022. The bituminous products division’s revenue increased to RM8.6 million with an operating loss of RM0.2 million compared with revenue of RM5.1 million and an operating profit of RM0.5 million while the services division’s revenue decreased to RM0.4 million with an operating loss of RM0.6 million compared with revenue of RM1.7 million and operating loss of RM4.8 million in 4Q FY2022.

For FY2023, the Company’s adjusted EBITDA turned positive at RM0.75 million compared with adjusted negative EBITDA of RM11.2 million in FY2022.

Matt Chin, Executive Director of Minetech (Link)Matt Chin, Executive Director of Minetech, said, “The civil engineering and bituminous products businesses continue to be the significant contributors to revenue. For the civil engineering business, the much higher contribution to revenue of RM14.9 million from the Selinsing gold mine compared with RM8.9 million a year ago was due to an increase in work volume. The increase in sales of coating enamel resulted in higher revenue for the bituminous products business while the operating loss was due to one-off repair and maintenance cost.”

“The services business has seen an improvement with a much-reduced operating loss despite the decrease in revenue. The lower revenue was mainly due to lower supply of manpower, storage tank maintenance services and lower number of remittance transactions.”

“The Company remains focused on growing the new businesses that we have diversified into over the past three years, which includes financial technology and renewable energy (RE) that can help sustain earnings and growth over the longer-term. For the RE venture, we won a contract valued at RM36.7 million in January this year from Tesdec Hydropower Sdn Bhd for the development of a 3MW mini hydropower plant in Besut, Terengganu. We are cautiously optimistic for the Company’s outlook given the better-than-expected economic growth of 5.6% in 1Q that was underpinned by broad-based growth across all sectors of the economy.”

Minetech Resources Bhd: 7219 [BURSA: MINE], https://minetech.com.my/