Category: Engineering

GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry

Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the launch of SUPER G®, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.

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Figure 1

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Unleashing the Power of Graphene

SUPER G® is a graphene slurry which has been developed by GMG over the last 3 years for GMG’s own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.

The Graphene comes from GMG’s self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer’s lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.

GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.

Exceptional Performance Confirmed by Oxford University

A recent study conducted by Oxford University has confirmed the exceptional performance of GMG’s SUPER G®. Key findings include:

  1. SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.
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Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)

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  1. SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.
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Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing

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  1. Unlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.
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Figure 4: Nyquist Plot of EIS Response – Calendared vs. Uncalendared SUPER G®

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Table 1 shows SUPER G® in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for SUPER G® including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.

PropertyStandard Industry
Lithium-Ion
Battery Carbon
Additive		GMG SUPER G®
Bulk Density0.12-0.25 g/cm³0.3-0.4 g/cm³ 

Surface Area		~60 m²/g250 m²/g

Typical Loading in
Electrode		2-5 wt%0.5-2 wt %

High-Rate
Performance
Standard
application		Excellent for very high-rate
applications

Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity Additive

GMG’s Graphene has been found to increase rate tolerance of lithium-ion batteries – which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.

About GMG:

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving 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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. 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 of SUPER G® to be an additive to improve Lithium-Ion Batteries.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. 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: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, 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.

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GMG Provides Business Update on Working Capital and Cost Reductions

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.

Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government’s Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year’s R&D application, was deposited in full into the Company’s bank account. As at November 1, 2024, the Company’s cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry’s R&D Tax incentive scheme has played a vital role in supporting GMG’s ongoing research and development.

The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.

GMG’s CEO Craig Nicol stated, “The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives.”

GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products.”

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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. 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 Company’s new operating model, future cost reductions, and the Company’s focus on the sale of its energy saving products.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company’s focus will remain on growing the sales of its energy saving 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 Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving 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 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.

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The China-ASEAN “Gen Z” Youth Festival and Cultural Exchange Activity Officially Launched

The year 2024 is the China-ASEAN Year of People-to-People Exchanges. On November 8, the China-ASEAN “Gen Z” Youth Festival and Cultural Exchange Activity kicked off in Honghe Honi and Yi Autonomous Prefecture, southwest China’s Yunnan province.

The event was hosted by the China Public Diplomacy Association and the People’s Government of Honghe Hani and Yi Autonomous Prefecture, organized by Global Times Online and the Foreign Affairs Office of Honghe, and supported by the ASEAN-China Centre, People’s Government of Jinping Miao, Yao, and Dai Autonomous County, Honghe University and Huaqiao University.

Hua Chunying, Vice Minister of Foreign Affairs of China, delivered a video speech. Wu Hailong, President of the China Public Diplomacy Association, Cai Hao, Member of the Standing Committee of the CPC Honghe Prefecture Committee and Vice Governor of Honghe Prefecture, Muhamad Akmal Bin Abdul Wahab, Consul General of the Consulate General of Malaysia in Kunming, and Shi Ding, Executive Editor-in-Chief of Global Times Online, delivered remarks. Diplomatic envoys, internet influencers, and student representatives from various ASEAN countries, as well as foreign journalists from 14 Asia-Pacific countries, attended the event.

In her speech, Hua said, “Young people, as a vital force for China-ASEAN relations, play a crucial role in carrying forward the two sides’ longstanding friendship and promoting people-to-people connectivity.” Commenting on this exchange activity between young people from China and ASEAN countries, Hua said, “I believe that all our young friends present here will bring youthful, diverse and internationalized innovative ideas to the China-ASEAN relations, infusing youthful energy into the steady progress and long-term cooperation between the two sides, as well as the building of a peaceful, tranquil, prosperous, beautiful, amicable and harmonious home in Asia.”

Wu emphasized the special significance of youth to China-ASEAN people-to-people exchanges. “I believe youth are a crucial force in promoting exchanges and cooperation between China and ASEAN, and they are also the future of bilateral relations.”

“Events such as this are important to build a platform for youth exchanges to deepen mutual understanding and promote ASEAN-China relations,” Consul General Muhamad Akmal Bin Abdul Wahab said. “Therefore, youth cultural exchanges between ASEAN and China such as this could actively build people-to-people and cultural exchanges and mutual learning among the youths.”

Following the successful conclusion of the launching ceremony, attendees visited Honghe University in Mengzi. They had interactive exchanges with students, experienced local folk culture, and watched a basketball friendly between Chinese and ASEAN youth.

Chue Zin Zin Thaw, an internet influencer from Myanmar, believes that this event was crucial for the exchange and collision between different cultures. She felt honored to participate in the event, “In this event, I met international students from many countries and it was interesting to hear about the cultures of their respective countries.”

Company: huanqiu.com
Contact Person: Yu Jiayi
Email: yujiayi@huanqiu.com 
Website: http://www.huanqiu.com 
Telephone: 18001026933
City: Beijing, China
Address: 16th Floor, Zhongqing Building, No. 19 East Third Ring North Road, Chaoyang District, Beijing , China

The 14th PropertyGuru Asia Property Awards (Singapore) Celebrate Top Real Estate Achievements

The winners of the 2024 PropertyGuru Asia Property Awards (Singapore) were announced today during an exclusive ceremony at The Ritz-Carlton, Millenia Singapore.

The Winners and Highly Commended recipients of the 14th PropertyGuru Asia Property Awards (Singapore) 2024

The 14th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia and PropertyGuru.com.sg, recognised real estate excellence across 28 categories.

UOL Group Limited won the Best Developer award for the third time in the history of the Awards. The company was also distinguished as Best Hospitality Developer, Best Residential Developer, and Best Sustainable Developer.

UOL Group Limited receives Best Developer

Meyer Blue, a joint venture between UOL Group Limited and Singapore Land Group Limited, became one of the year’s most celebrated projects, winning Best Luxury Condo Development, Best Waterfront Condo Development, Best Luxury Condo Architectural Design, and Best Luxury Condo Landscape Design. UOL Group Limited and Pan Pacific Hotels Group also jointly won Best Hotel Interior Design for Pan Pacific Orchard.

FRX Capital Private Limited, awarded Best Boutique Developer and Best Landed Developer, won the prestigious Best Housing Development (Singapore) title for Mount Rosie Signature Collection, which was also named Best Landed Housing Development. The developer additionally won Best Boutique Condo Architectural Design for The Hillshore.

Kingsford Development Pte. Ltd. was recognised as Best Transnational Developer, with Kingsford Real Estate Development Pte Ltd scoring the Best Boutique Condo Development award for The Hill @ One North. The Best Mega Scale Condo Development award was presented to Chuan Park by Chuan Park Development Pte Ltd, a subsidiary of Kingsford Development Pte. Ltd.

TID Pte. Ltd. was named Best Lifestyle Developer while its project Lentoria won Best Private Condo Architectural Design. The Assembly Place won Best Co Living Operator, in addition to the Best Co Living Space award for Hafary House managed by The Assembly Place.

Lentor Mansion by GuocoLand and Hong Leong Holdings Limited wins Best Nature Integrated Development

Lentor Mansion by GuocoLand and Hong Leong Holdings Limited won the prestigious Best Condo Development (Singapore) title, plus the Best Private Condo Development, Best Nature Integrated Development, and Best Private Condo Landscape Design awards.

Another highlight was Regalità by Da Vinci Land, winner of the Best Bespoke Landed Interior Design award.

Lim Yew Soon, Managing Director, EL Development Pte Ltd was recognised as the Real Estate Personality of the Year
Jerome Ng, Director for Business Development at Chiu Teng Group, receives the Rising Star award from PropertyGuru.com.sg, the Official Portal

Two of the most accomplished achievers in the Singapore real estate industry were honoured during the gala. Lim Yew Soon, managing director of EL Development Pte Ltd, received the Singapore Real Estate Personality of the Year award from the editorial team of Property Report by PropertyGuru, the official magazine. Jerome Ng, director for business development at Chiu Teng Group, received the Rising Star award from PropertyGuru.com.sg, the official portal.

Jeremy Williams, managing director for Marketplaces at PropertyGuru Group, said: “We’d like to congratulate the outstanding recipients of the PropertyGuru Asia Property Awards (Singapore). The achievements of this year’s award-winning developers transcend the needs of individual property seekers; they embrace and harness the power of communities. From condominiums to landed housing, and from co-living spaces to lifestyle and hospitality amenities, their winning projects mirror the desires of Singapore property seekers for high-calibre homes as well as places that provide complete living experiences. Through the combined leadership of transnational and local developers, the property sector builds the spaces necessary for Singapore’s transformation into tomorrow’s city—where people enjoy a high quality of life and thrive in harmony with the environment.”

Kristin Thorsteins, chairperson of the Awards in Singapore, said: “Congratulations to the distinguished winners of the 2024 PropertyGuru Asia Property Awards (Singapore)! These golden statuettes underscore the industry-wide trust and confidence they have built among consumers, by positioning their brands and developments to stand out in a market increasingly focused on sustainable and new ways of living. These awards attest to exemplary achievements that transcend borders, serving as both validation and a catalyst for continual advancement in Singapore’s real estate sector for years to come.”

The independent panel of judges consists of Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd; Ar. Ivy Koh, dy. COO, SJ Architecture, Surbana Jurong Consultants Pte Ltd; Chua Shang Chai, partner, Dentons Rodyk & Davidson LLP; Dr Keow Yeong Ming, associate professor, National University of Singapore; Greg Shand, architect, Robert Greg Shand Architects; Henry Woon, director, Atelier Ten; Roy Ling, CEO, board director, and adjunct professor, FollowTrade; and Zhenru Goy, principal architect, Goy Architects.

The team of HLB Singapore Foo Kon Tan, led by Raymond Kong and Timothy Teh, supervised the selection process, upholding its credibility, fairness, and transparency. The official supervisor is part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.

Organised by PropertyGuru Group (NYSE:PGRU), the 14th PropertyGuru Asia Property Awards (Singapore) are made possible by gold sponsor Mitsubishi Electric Asia; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A, Gazet International, SquareRooms, and Top 10 Singapore; supporting association Singapore Estate Agents Association; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.

COMPLETE LIST OF WINNERS14th PropertyGuru Asia Property Awards (Singapore)

DEVELOPER AWARDS

Best Developer
WINNER: UOL Group Limited

Best Boutique Developer
WINNER: FRX Capital Private Limited

Best Hospitality Developer
WINNER: UOL Group Limited

Best Lifestyle Developer
WINNER: TID Pte. Ltd.

Best Residential Developer
WINNER: UOL Group Limited

Best Landed Developer
WINNER: FRX Capital Private Limited

Best Sustainable Developer
WINNER: UOL Group Limited

Best Transnational Developer
WINNER: Kingsford Development Pte. Ltd.

Best Co Living Operator
WINNER: The Assembly Place

DEVELOPMENT AWARDS

Best Mega Scale Condo Development
WINNER: Chuan Park by Chuan Park Development Pte Ltd

Best Luxury Condo Development
WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited
HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd

Best Private Condo Development
WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited
HIGHLY COMMENDED: Lentoria by TID Pte. Ltd.

Best Boutique Condo Development
WINNER: The Hill @ One North by Kingsford Real Estate Development Pte Ltd
HIGHLY COMMENDED: Ardor Residence by NS Property (Haig) Pte Ltd
HIGHLY COMMENDED: The Hillshore by FRX Capital Private Limited

Best Nature Integrated Development
WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited

Best Waterfront Condo Development
WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited

Best Landed Housing Development
WINNER: Mount Rosie Signature Collection by FRX Capital Private Limited

DESIGN AWARDS

Best Luxury Condo Architectural Design
WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited
HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd

Best Private Condo Architectural Design
WINNER: Lentoria by TID Pte. Ltd.

Best Boutique Condo Architectural Design
WINNER: The Hillshore by FRX Capital Private Limited
HIGHLY COMMENDED: Ardor Residence by NS Property (Haig) Pte Ltd

Best Hotel Interior Design
WINNER: Pan Pacific Orchard by UOL Group Limited and Pan Pacific Hotels Group

Best Bespoke Landed Interior Design
WINNER: Regalità by Da Vinci Land

Best Luxury Condo Landscape Design
WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited
HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd

Best Private Condo Landscape Design
WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited

Best Co Living Space
WINNER: Hafary House managed by The Assembly Place

BEST OF SINGAPORE AWARDS

Best Condo Development (Singapore)
WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited

Best Housing Development (Singapore)
WINNER: Mount Rosie Signature Collection by FRX Capital Private Limited

PORTAL’S CHOICE        

Rising Star      
WINNER: Jerome Ng, Director for Business Development, Chiu Teng Group

PUBLISHER’S CHOICE

Singapore Real Estate Personality of the Year           
WINNER: Lim Yew Soon, Managing Director, EL Development Pte Ltd

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024. 

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 2024.

PROPERTYGURU CONTACTS:

General Enquiries:Richard Allan Aquino, Head of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com   

Media & Partnerships:
Piyachanok Raungpaka, Senior Media & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg 

Interroyal Engineering PCL (SET: IROYAL) Posts Strong Showing on First Trading Day

– Aiming to Lead in Electric Power Solutions Business
– Ready to Meet Demand Across Industries, Accelerating Project Bids

Interroyal Engineering PCL (SET: IROYAL), a provider of engineering services and specialized products, staged an impressive debut on the Market for Alternative Investment (MAI) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future. The company is moving forward to expand its capabilities, ready to meet demand from multiple industries, and confident in its strong business foundation. IROYAL aims to grow its sustainable, environmentally friendly energy business to ensure continuous long-term growth.

Mr. Panapat Mekasuwandumrong, Chief Executive Officer of Interroyal Engineering PCL (IROYAL), reported that IROYAL shares started trading on November 5, 2024, on the MAI in the services sector under the ticker symbol “IROYAL.” With over 40 years of experience in the industry, the company has accumulated a wealth of knowledge, understanding, and diverse skills that meet customer needs, earning the trust of leading organizations in the country. This strong foundation is expected to make IROYAL an appealing new IPO to investors.

The company plans to drive continuous growth by investing to enhance its competitive capabilities and meet service demand from various industries. It also sees opportunities to expand into technology projects, leveraging its expertise in the steps, processes, and products used in power generation to improve the current operational processes of power plants.

Additionally, the company has recently expanded its customer base into more diverse industries to broaden its clientele, targeting sectors like oil refineries or petrochemical plants with combustion systems, and cement plants with flue gas management systems. It has also begun expanding its product offerings to include items used in uninterruptible power supply (UPS) systems, aimed at customers in hotels, large buildings, and hospitals—sectors that require backup power and energy systems.

Ms. Prapapan Prapatpotipong, Director of Interroyal Engineering PCL (IROYAL), stated that the company plans to use funds raised from the IPO, after deducting related expenses, to grow the business and strengthen its position as a leader in innovative energy solutions. The objectives include: 1) using 280 million THB in 2024-2025 for bidding and guaranteeing performance for public sector, state enterprise, and private sector projects, which will enhance the company’s future business opportunities, and 2) allocating 78.21 million THB as working capital in 2024-2025. Additionally, IROYAL has set a dividend policy to pay shareholders at a rate of not less than 50% of net profit, after tax and reserve allocations, as stipulated by law and company regulations.

The group has always emphasized research and development to maintain high product quality, sourcing from manufacturers with leading innovation and technology in production processes. These products, which meet international quality standards, come from globally recognized brands based in the United States, the United Kingdom, Germany, Switzerland, Italy, Australia, Japan, China, and Singapore, among others. As of the first half of 2024, the company’s backlog stands at 63.01 million THB, with revenue recognition expected at 28.11 million THB this year and the remainder recognized in the following year.

As the lead underwriter, Ms Nalyne Viriyasathien, Managing Director of Investment Banking and Advisory at Maybank Securities (Thailand) PCL, stated that Inter Royal Engineering PCL (IROYAL) has over 40 years of experience and expertise in the industry. The company leverages its knowledge, understanding, and diverse skills set to effectively meet client needs, earning the trust of top organizations nationwide. This has resulted in a solid customer base in both the public and private sectors, domestically and internationally, within electric power and other industries. Notable clients include Hongsa Power Co., Ltd. (Hongsa Power Plant in Laos), the Electricity Generating Authority of Thailand (EGAT), TPI Polene PCL (TPIPL), and PTT Global Chemical PCL (PTTGC). IROYAL aims to maintain these customer relationships by offering maintenance and efficiency improvement services.

Mr. Somsak Sirichainarumitr, CEO of Asset Pro Management Co., Ltd., as the financial advisor, noted that IROYAL is well-positioned for growth opportunities within the electrical energy and key industry sectors by providing specialized engineering products and services, while maintaining long-term relationships with clients. This positions IROYAL’s revenue growth to align with the revenue growth in the electric power sector. Additionally, the company has the potential to participate in bidding for projects in core and new sectors, supporting its long-term sustainability.

Released by Public Relations Dept, MT Multimedia Co., Ltd for Interroyal Engineering PCL, or IROYAL

For more information, please contact:
Pipop Kongwong, T: +66 81-929-8864; E: pipop.k@mtmultimedia.com  

Interroyal Engineering PCLL [SET: IROYA, IROYA-R, IROYA/F] https://www.interroyalengineering.com/ 

The Future of Southeast Asia’s Ceramics and Natural Stone Industry to be Unveiled in Ho Chi Minh City

ASEAN Ceramics 2024 will return to Vietnam for its 8th edition, happening from 11thto 13th December 2024. Organised by MMI Asia, the regional subsidiary of Messe München GmbH and Vietnam Building Ceramic Association (VIBCA), ASEAN Ceramics 2024 is the leading international exhibition of machinery, technology, and materials for manufacturing white-ware, heavy clay, and advanced ceramics. The exhibition will be co-locating with a debuting exhibition, ASEAN Stone 2024, which involves the participation of international exhibiting companies and brands of machinery, tools, chemicals and materials of the Stone industry.

Group picture of organisers and associations supporting ASEAN Ceramics & ASEAN Stone 2024

Following the success of the previous edition in Hanoi, ASEAN Ceramics is set to receive continued endorsement from the Ministry of Construction of Vietnam and Ceramic Industry Club ASEAN (CICA). The exhibition has garnered robust support from both domestic and international government entities,  Association of Italian Manufacturers of Machinery and Equipment for Ceramics (ACIMAC), China Council for the Promotion of International Trade (CCPIT) Building Materials Sub-Council, Vietnam Ceramic Consumer Association (VCCA), Vietnam Association for Building Materials (VABM), Vietnam Institute for Building Materials (VIBM), and Saigon Construction and Building Material Association (SACA), Thai Ceramic Society (TCS), Bangladesh Ceramic Manufacturers & Exporters Association (BCMEA), Southern Construction Materials  (VLXD-MN), Bach Khoa University (formerly Ho Chi Minh City University of Technology) and Cambodia Stone Quarries Association.

Additionally, the debut of German Pavilion German Pavilion is backed by the German Federal Ministry of Economic Affairs & Climate Action (BMWK), Deutsche Keramische Gesellschaft (DKG), and Association of German Trade Fair (AUMA). The Indian Pavilion is supported by the Federation of Indian Export Organizations (FIEO). The exhibition will also benefit from the partnership of Vietnam Exhibition and Event Services Co., Ltd (VnEES), with advisory support from Asian Exhibition Services (AES). Proudly sponsored by Esmalglass-Itaca Group as the Gold Sponsor, and ACIMAC and Confindustria Marmomacchine as Silver Sponsors, the event also recognizes Minnovation Group as a Bronze Sponsor.

Keeping in mind of “Sustainability and Diversity through Innovation and Collaboration” as the theme of ASEAN Ceramics this year, the exhibition will be strongly highlighting ceramic companies that spearhead the use of latest innovations and technology to create sustainable production methods. The 3-day conference will engage unique and pressing industry trends and worldclass industry speakers will share their insights on topics such as “From Climate Change to Net Zero Society” and “Staying Resilient in Ceramic Industry”, which will foster indefinite growth and innovative ideas to be formed to elevate the ceramics industry to further heights.

Michael Wilton, CEO & Managing Director of MMI Asia, stated during the press conference, “The ceramics industry is evolving rapidly, driven by advances in automation and sustainability. This exhibition will highlight the latest in ceramic manufacturing equipment, energy-efficient solutions, and much more. We aim to give visitors the chance to see first-hand how these businesses are reshaping the future of ceramics production.”.

Mr. Michael Wilton, CEO & Managing Director of MMI Asia

ASEAN Ceramics 2024 will be featuring more international pavilions than ever, with China, Italy, Vietnam, Thailand, Germany, and India country pavilions, providing a diverse range of raw materials, machinery and technologies spearheaded by the countries across continents. Ceramic Raw Materials will take center stage with industry giants – Imerys, Mactus Minerals, Sibelco Group, Kaolin EAD, Amberger Kaolinwerke, WA Kaolin, CCS, PURESIL, CrownSinoGroup, MMA Bentonite, and Zircon Industry Association , along with machineries and technologies from Officine Smac, Certech, Tecnoferrari Group, ECT-Kema, NETZSCH, Bruker, Castimo, INMATEC, LK Lab Srl, Eirich, Keramischer Ofenbau and Vitreus to name a few, with biggest local distributors TQT and VITIS Vietnam. The exhibition also provides exclusive three pre-event factory tour on ceramic slabs, sanitaryware, and tiles and trade visitors can look forward to Buyer-Seller meetings, pre-arranged Hosted Buyers Program, Manufacturers’ Gallery and many more functions catered to optimise their business opportunities over the next significant three days.

The ASEAN Ceramics & ASEAN Stone Press Conference held in Hanoi, Vietnam

Alongside the 8th edition of ASEAN Ceramics, ASEAN Stone will be introduced for its first edition, co-locating with ASEAN Ceramics. ASEAN Stone is Southeast Asia’s Only International Exhibition for the Natural Stone Industry. The exhibition offers buyers, specifiers, and influencers the opportunity to source products, gain design inspiration, and expand their businesses with the latest innovations in equipment, tools, and technology. Both local stone quarries and international natural stone brands, such as Bao Lai Stone, Fortune Stones, and The Square Stone will be featured. The premier event is supported by Confindustria Marmomacchine of Italy, CCPIT Building Sub-Council of China and FIEO of India. Connect with influential players in the stone industry to forge essential business partnerships and expand your reach in the region. Don’t miss the ASEAN Stone Conference, where you can gain insights into the latest industry trends, giving your company a competitive advantage. The co-location of the two exhibitions will feature a joint Opening Ceremony on the first day, uniting industry leaders from Ceramics and Stone for a revolutionizing event.

ASEAN Ceramics and ASEAN Stone 2024 are set to be pivotal events in the ceramics and stone industry respectively, propelling innovation, collaboration, and growth. The opportunity to visit the only co-located exhibition for the ceramics and stone industry in the region is here. Stay updated on the latest news, exhibitor profiles, and conference schedules by visiting the official ASEAN Ceramics 2024 website at www.aseanceramics.com.

Left: Mr. Tống Văn Nga, Chairman of Vietnam Association of Building Materials (VABM)
Right: Mr. Lê Trung Thành, Head of the Building Materials Department of the Ministry of Construction,Vietnam

About MMI Asia Pte Ltd

Established in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of world-leading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.com.

About Vietnam Building Ceramic Association (VIBCA)

Vietnam Building Ceramic Association is a professional organization, non-governmental, voluntary, established under Decision No. 41/1999 / QD – BTCCBCP dated 04-10-1999 of the Minister, Head of the Organizing Committee Government personnel. Currently VIBCA includes around 100 members are enterprises of different economic sectors, operating mainly in the field of building ceramics, including the associate members are research institutions, investment consulting, manufacturing and mechanical engineering. VIBCA is a member of the Association of ASEAN Ceramics Industry CICA and intimate relationship with the Association Ceramics of countries in ASEAN and in the world.

Contact:

MMI Asia Pte. Ltd.
Daniel Shi
Exhibition Director
Daniel@mmiasia.com.sg

Vietnam Building Ceramic Association
Ms Vu Thi Kim Dung – 84 915114000
Chief of Foreign Affairs: vibcaoffice@gmail.com

Diverse achievements celebrated in 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty

The highest achievements of the real estate industry were celebrated today at the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty, held at The St. Regis Kuala Lumpur.

The 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty, held on October 25 at The St. Regis Kuala Lumpur, celebrated the highest achievements in the real estate industry. This year, awards were given across 58 categories, highlighting excellence in development, design, and ESG. Supported by leading property portals PropertyGuru.com.my and iProperty.com.my, the event brought together experts and consumers to raise industry standards.

This year’s ceremony distinguished stellar companies across 58 categories, exemplifying excellence in development, design, and ESG. With support from Malaysia’s leading property portals, PropertyGuru.com.my and iProperty.com.my, experts and thought leaders joined consumers to set new benchmarks and raise the standards of the property sector.

AME Development Sdn Bhd, Best Developer (Malaysia) Winner

In a first, AME Development Sdn Bhd triumphed with the biggest title of the year, Best Developer (Malaysia), as well as the prestigious titles of Best Industrial Developer and Best Sustainable Developer.

Malton Berhad was recognised as Best Developer (Central Malaysia), with wins for the projects Bukit Jalil City and The Park 2 Pavilion Bukit Jalil. Meanwhile, Berinda Group received the Best Developer (Southern Malaysia) title, buoyed by award-winning project Ponderosa Callista.

GSH Corporation Limited was celebrated as Best Luxury Developer, alongside award-winning project Coral Bay @ Sutera, while Astaka Padu Sdn Bhd was honoured as Best Lifestyle Developer with a win for Aliva Mount Austin. Matrix Concepts Holdings Berhad won Best Community Developer, plus golden statuettes for the projects Bayu Sutera, Bandar Sri Sendayan and Resort Villa, Bandar Sri Sendayan.

The inaugural ESG Developer Awards were presented to Iskandar Investment Berhad as Low Carbon Champion and Tanah Sutera Development Sdn. Bhd. as Social Impact Champion, a title it shares with Iskandar Investment Berhad. Lendlease & TRX City Sdn Bhd jointly garnered the title of Sustainable Design Champion, in addition to the prestigious Best High-Rise Development (Malaysia) accolade for the multi-awarded project TRX Residences.

Sime Darby Property Berhad was another Best of Malaysia winner, earning the Best Landed Development (Malaysia) title for its award-winning project, The Residences III at The Glades. The company also amassed golden statuettes for the projects Hype Residences; Serenia City; Serenia Industrial Park; The Serenade at The Glades; and Triara Residences.

Quayside JBCC by Bangsar Heights Pavilion was named Best Designed Development (Malaysia) in one of four golden statuettes for the project. Horizon Hills by Horizon Hills Development Sdn Bhd was named Best Township Development (Malaysia) while The MET Corporate Towers by Triterra Sdn Bhd won Best Commercial Development (Malaysia).

Residents of Malaysia voted for the nation’s top 10 companies with the People’s Choice Awards. This year’s accolades went to, in alphabetical order, Armani Group; Gunung Impian Development Sdn Bhd; Mah Sing Group Berhad; Malton Berhad; Matrix Concepts Holdings Berhad; Perbadanan Kemajuan Negeri Selangor (PKNS); Sime Darby Property Berhad; Teladan Group Berhad; Tropicana Corporation Berhad; and UDA Holdings Berhad.

As the official balloting partner of the People’s Choice Awards, HLB Ler Lum Chew – HLB Malaysia, part of the “2024 Network of the Year” winner HLB International, independently verified the results of the vote.

Other winning companies this year include Casa Bayu Idaman Sdn Bhd; City Motors Group; Coronade Properties Sdn Bhd; Eden at Botanica CT Sdn Bhd; Eupe Corporation Berhad; JLand Group Sdn Bhd; Joland Group; KCC Development (M) Sdn Bhd; R&F Development Sdn Bhd; Radium Development Berhad; Teladan Group Berhad; and WCT Green Sdn Bhd.

Dato’ Tengku Ab. Aziz Tengku Mahmud, CEO of PNB Merdeka Ventures, accepted the golden statuette for Malaysia Real Estate Personality of the Year from the editorial team of Property Report by PropertyGuru, the official magazine, with PropertyGuru Group’s Managing Director, Data and Software Solutions, Shyn Yee Ho-Strangas 

Dato’ Tengku Ab. Aziz Tengku Mahmud, CEO of PNB Merdeka Ventures, accepted the golden statuette for Malaysia Real Estate Personality of the Year from the editorial team of Property Report by PropertyGuru, the official magazine.

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “Malaysia’s finest developers have introduced communities and projects that champion environmental stewardship, spur economic growth, and promote property ownership opportunities across diverse market segments. From mega townships to mixed-use developments and industrial estates, this year’s awardees exemplify the cities of tomorrow—offering spaces where property seekers not only live but also work, thrive, and unlock their full potential. The achievements of this year’s winning developers support a property market increasingly driven by social awareness and positive change. Overall, these accolades recognise the strategic thinking that propels Malaysian real estate towards a more sustainable and progressive future. Congratulations to the winners.”

Kenneth Soh, country manager for Malaysia at PropertyGuru Group

Kenneth Soh, country manager for Malaysia at PropertyGuru Group, said: “Congratulations to this year’s award recipients. Our award-winning companies have truly captured the pulse of Malaysia’s property seekers and gained the validation of experts. These successful enterprises lead the way in development and design through a broad spectrum of projects, ranging from expansive townships to affordable and high-value residential properties. By uplifting communities and making an impact on consumers and investors, the awardees have rightfully earned their elevated status on our platform.”

Datuk Ar. Ezumi Harzani Ismail, chairperson of the Awards in Malaysia, said: “The achievements of this year’s honourees deserve to be celebrated as they have strived to address the needs of property seekers throughout Malaysia. These outstanding companies are testing the limits of innovation in their respective fields. Whether it’s developing the cities of tomorrow or promoting homeownership with competitively priced homes, these fine developers are paving the way for a more accessible property market, facilitating a resilient economy that balances growth with social and environmental awareness. We offer our congratulations to the winners for their efforts in advancing Malaysian real estate and their contributions to the industry’s future.”

The independent panel of expert judges consists of Datuk Ar. Ezumi Harzani Ismail, president, Malaysian Institute of Architects (PAM) 2020-2022; Chris Tia, vice-chairperson of the Awards in Malaysia and principal and managing partner, Tia & Noordin; Adjunct Professor IDr Joe WH Chan, vice-president, The Malaysian Institute of Interior Designers (MIID) 2022-2024; Ar. Dr. Serina Hijjas, president, Malaysia Green Building Council 2023-2025; Ar. Mustapha Kamal bin Zulkarnain, founder and principal, Arkitek Mustapha Kamal; Assoc. Prof. LAr. Dr Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM); Datin TPr Hjh Noraida Saludin, president, Malaysian Institute of Planners (MIP); Dato’ Sr Lau Wai Seang, president, Royal Institution of Surveyors Malaysia (RISM): 2017-2018; Dr. Daniele Gambero, president, Malaysia Proptech Association (MPA); Ho Chin Soon, chairman, Ho Chin Soon Research; Ir. Dr. Zulhkiple A Bakar, managing director, Perunding ZAB Sdn Bhd; Ir Ashwin Thurairajah, executive director, GreenRe Sdn Bhd; Janice Chin, director, Capital Markets at JLL Appraisal & Property Services Sdn. Bhd.; PMgr Sr Low Han Hoe, registered valuer, property manager & estate agent; Sr Engad Ravana, managing director, ER Consult Sdn. Bhd.; Sr Subramaniam A/L Arumugam, president, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS); Tan Hui Yin, partner, Tan Chap & Associates; and YBrs Sr Haji Ishak Bin Ismail, president, Malaysian Institute of Property & Facility Managers (MIPFM) 2023-2025.

HLB Ler Lum Chew – HLB Malaysia supervised the judging process under the leadership of managing partner Kelvin Chew.

Winners may be eligible to vie for the Best in Asia awards at the 19th PropertyGuru Asia Property Awards Grand Final on 13 December 2024 in Bangkok.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty are made possible by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; media partners Kopi & Property, Marketing In Asia, Niaga Times, Penang Property Talk, The Grid Asia, The Malaysia Voice, and Top 10 Malaysia; supporting partner REHDA Institute; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: asiapropertyawards.com.

COMPLETE LIST OF WINNERS11th PropertyGuru Asia Awards Malaysia in partnership with iProperty

DEVELOPER AWARDS

Best Developer (Malaysia)
WINNER: AME Development Sdn Bhd

Best Developer (Central Malaysia)
WINNER: Malton Berhad

Best Developer (Southern Malaysia)
WINNER: Berinda Group

Best Luxury Developer
WINNER: GSH Corporation Limited

Best Industrial Developer
WINNER: AME Development Sdn Bhd

Best Sustainable Developer
WINNER: AME Development Sdn Bhd

Best Lifestyle Developer
WINNER: Astaka Padu Sdn Bhd

Best Community Developer
WINNER: Matrix Concepts Holdings Berhad

THE ESG DEVELOPER AWARDS

Low Carbon Champion
WINNER: Iskandar Investment Berhad

Social Impact Champion
WINNER: Tanah Sutera Development Sdn. Bhd.
WINNER: Iskandar Investment Berhad

Sustainable Design Champion
WINNER: Lendlease & TRX City Sdn Bhd

DEVELOPMENT AWARDS

Best Mega Township Development
WINNER: Serenia City by Sime Darby Property Berhad

Best Township Development (Central)
WINNER: Bukit Jalil City by Malton Berhad

Best Township Development (Southern)
WINNER: Horizon Hills by Horizon Hills Development Sdn Bhd

Best Mixed Use Development
WINNER: Quayside JBCC by Bangsar Heights Pavilion

Best Integrated Development
WINNER: Coronation Square by Coronade Properties Sdn Bhd

Best Luxury High-Rise Development (Central)
WINNER: TRX Residences by Lendlease & TRX City Sdn Bhd

Best Luxury High-Rise Development (Southern)
WINNER: R&F Princess Cove Phase 2 – Seine Region by R&F Development Sdn Bhd

Best Completed High-Rise Development
WINNER: The Park 2 Pavilion Bukit Jalil by Malton Berhad

Best High End High-Rise Development (Southern)
WINNER: Adison by WCT Green Sdn Bhd

Best Branded Residential Development
WINNER: Quayside JBCC by Bangsar Heights Pavilion

Best Premium Lifestyle High-Rise Development
WINNER: Aliva Mount Austin by Astaka Padu Sdn Bhd

Best Investment High-Rise Development
WINNER: Paragon Gateway by Joland Group

Best Mid End High-Rise Development (Central)
WINNER: Helix2 @ PJ South by Eupe Corporation Berhad

Best Eco Friendly High-Rise Development
WINNER: Alfa Bangsar by City Motors Group

Best Waterfront High-Rise Development
WINNER: Coral Bay @ Sutera by GSH Corporation Limited

Best Secure High-Rise Development
WINNER: The Serenade at The Glades by Sime Darby Property Berhad

Best Multigenerational Living High-Rise Development
WINNER: Radium Adesa by Radium Development Berhad

Best Lifestyle High-Rise Development
WINNER: Triara Residences by Sime Darby Property Berhad

Best Connectivity High-Rise Development
WINNER: Hype Residences by Sime Darby Property Berhad

Best Smart Home Landed Development
WINNER: Sanubari @ Bandar Dato Onn by JLand Group Sdn Bhd

Best High End Landed Development (Central)
WINNER: Resort Villa, Bandar Sri Sendayan by Matrix Concepts Holdings Berhad

Best High End Landed Development (Southern)
WINNER: Sutera Garden Village by Tanah Sutera Development Sdn. Bhd.

Best Value Mid-Rise Development
WINNER: The Senai Garden by KCC Development (M) Sdn Bhd

Best Value Landed Development
WINNER: St Marco Park by Casa Bayu Idaman Sdn Bhd

Best Investment Landed Development
WINNER: Iconia Garden Residence by Gunung Impian Development Sdn Bhd

Best Multigenerational Living Landed Development
WINNER: The Residences III at The Glades by Sime Darby Property Berhad

Best Lifestyle Landed Development
WINNER: Bayu Sutera, Bandar Sri Sendayan by Matrix Concepts Holdings Berhad

Best Mass Market Landed Development (Central)
WINNER: Avisa Residences, Tropicana Alam by Tropicana Corporation Berhad

Best Mass Market Landed Development (Southern)
WINNER: Taman Bertam Heights by Teladan Group Berhad

Best Mass Market Landed Development (Northern)
WINNER: Villa Natura by Eupe Corporation Berhad

Best Senior Living Development
WINNER: Eden at Botanica CT by Eden at Botanica CT Sdn Bhd

Best Industrial Development  
WINNER: Serenia Industrial Park by Sime Darby Property Berhad

Best Office Development   
WINNER: The MET Corporate Towers by Triterra Sdn Bhd

DESIGN AWARDS

Best Township Masterplan Design
WINNER: Medini Innopolis by Iskandar Investment Berhad

Best Mixed Use Architectural Design
WINNER: Quayside JBCC by Bangsar Heights Pavilion

Best High-Rise Architectural Design
WINNER: TRX Residences by Lendlease & TRX City Sdn Bhd

Best Landed Architectural Design
WINNER: Ponderosa Callista by Berinda Group

Best Landed Interior Design
WINNER: Ixora by Perbadanan Kemajuan Negeri Selangor (PKNS)

Best Landed Landscape Design
WINNER: Ixora by Perbadanan Kemajuan Negeri Selangor (PKNS)

Best Clubhouse Design
WINNER: Sutera Garden Village by Tanah Sutera Development Sdn. Bhd.

BEST OF MALAYSIA AWARDS

Best Township Development (Malaysia)
WINNER: Horizon Hills by Horizon Hills Development Sdn Bhd

Best High-Rise Development (Malaysia)
WINNER: TRX Residences by Lendlease & TRX City Sdn Bhd

Best Landed Development (Malaysia)
WINNER: The Residences III at The Glades by Sime Darby Property Berhad

Best Commercial Development (Malaysia)
WINNER: The MET Corporate Towers by Triterra Sdn Bhd

Best Designed Development (Malaysia)
WINNER: Quayside JBCC by Bangsar Heights Pavilion

PEOPLE’S CHOICE AWARDS

WINNER: Armani Group
WINNER: Gunung Impian Development Sdn Bhd
WINNER: Mah Sing Group Berhad
WINNER: Malton Berhad
WINNER: Matrix Concepts Holdings Berhad
WINNER: Perbadanan Kemajuan Negeri Selangor (PKNS)
WINNER: Sime Darby Property Berhad
WINNER: Teladan Group Berhad
WINNER: Tropicana Corporation Berhad
WINNER: UDA Holdings Berhad

PUBLISHER’S CHOICE 

Malaysia Real Estate Personality of the Year 
WINNER: Dato’ Tengku Ab. Aziz Tengku Mahmud, CEO of PNB Merdeka Ventures

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024. 

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn

(1) Based on SimilarWeb data between October 2023 and March 2024.
(2) Based on Google Analytics data between October 2023 and March 2024. 
(3) Based on data between January 2024 and March 2024.
(4) Based on data between October 2023 and March 2024.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Nate Dacua, Senior Manager, Media and Marketing Services
M: +66 92 701 2510
E: nate@propertyguru.com

Sales & Nominations:
June Fong, Director of Awards and Events (Malaysia)
M: +6019-319 0127
E: june.fong@iproperty.com.my

GMG Reaches Major Milestones in THERMAL-XR(R) Test Work

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a technical update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.

PRODUCT TECHNICAL UPDATE
THERMAL-XR® has now successfully passed 15,000 hours for corrosion protection under a salt sea spray industry standard test (ASTM B117) in a third-party laboratory in the US as seen in Figure 1. The Company believes that THERMAL-XR® is one of the longest lasting corrosion protection coatings available on the market. The testing will continue, and further reports will be updated by the Company.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg

Figure 1: THERMAL-XR® Coating Corrosion Test Results After 15,000 Salt Sea Spray Hours (ATM B117)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg

GMG can now accurately model and calculate the heat transfer rate expected from THERMAL-XR®, as compared to bare (uncoated) Aluminium, within 1% of actual results. This was reviewed and verified by the University of Queensland.

Figure 2 shows the simulation model used to calculate the heat transfer coefficients of bare aluminium, versus THERMAL-XR® coated aluminium, on the test rig that GMG built and operated to obtain the experimental data. The test was conducted at a temperature of approximately 100 degree Celsius.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_gmg_figure2_550.jpg

Figure 2: Estimation of Heat Transfer of THERMAL-XR® coated aluminium versus bare aluminium

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227525_gmg_figure2.jpg

Through this work, as shown in Figure 3, the Company has demonstrated that THERMAL-XR® provides approximately 8.6 times more radiative heat transfer than bare aluminium, due to its thermal radiation (passing of heat in wave forms) capabilities. THERMAL-XR® has been calculated to provide 8.15 W/m2K (Watts per metre squared Kelvin degrees), or approximately 1.44 Btu/hr ft2 F (British thermal units per hour foot squared Fahrenheit degrees), of heat transfer when applied properly on top of bare aluminium, as compared to 0.95 W/m2K or 0.17 Btu/hr ft2 for bare aluminium.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg

Figure 3: Thermal Radiation calculations of THERMAL-XR® coated aluminium versus bare aluminium

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg

Figure 4 shows THERMAL-XR® increases the overall heat transfer coefficient by 2.2 times more than bare aluminium, from 6.0 W/m2K up to 13.2 W/m2K because of the increase in the thermal radiation from the THERMAL-XR® coating. This was conducted at a temperature of approximately 100 degree Celsius for a 100mm diameter flat plate.

Thermal Coefficient (W/m2K)Bare AluminiumTHERMAL-XR® Coated Aluminium
Thermal Radiation0.958.15
Natural Convection (Air Cooling)5.085.08
Total Heat Transfer6.013.2
(2.2 Times)


Figure 4: NATURAL Convection Overall Thermal Coefficient of THERMAL-XR® versus bare aluminium

Figure 5 shows that THERMAL-XR® provides approximately 27% more heat transfer when including FORCED convection (fan air cooling) over bare aluminium from 26.6 W/m2K up to 33.8 W/m2K because of the increase in the thermal radiation from the THERMAL-XR® coating. This was conducted at a temperature of approximately 100 degree Celsius and with modelling of the air speed at an approximate 5 metres/second.

Thermal Coefficient (W/m2K)Bare AluminiumTHERMAL-XR® Coated Aluminium
Thermal Radiation0.958.15
Forced Convection (Fan Air Cooling)25.7125.71
Total Heat Transfer26.633.8
(27% Increase)


Figure 5: FORCED Convection Cooling Overall Thermal Coefficient of THERMAL-XR® versus bare aluminium

GMG’s Managing Director and CEO, Craig Nicol, commented: “GMG continues to make good progress in testing THERMAL-XR® for corrosion protection and heat transfer – our increased understanding of the heat rejection rate of the product allows us to better recognise how it can be of potential value for various types of products in various applications and markets.”

GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into so many industries – so it is great to see the progress.”

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the heat 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 increasing service life, 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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. 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, that the Company will continue testing THERMAL-XR® and provide further updates, that increased understanding of THERMAL-XR® will allow the Company to better recognize how it can add value in various types of products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will continue to test THERMAL-XR® and provide updates, that an increased understanding of THERMAL-XR® will enable the Company to better identify how THERMAL-XR® can add value for various products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries. 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 not continue testing THERMAL-XR®, that the Company will not provide further updates regarding THERMAL-XR®, that a better understanding of THERMAL-XR® will not allow the Company to better recognize how it can add value in various types of products in various applications and markets, that THERMAL-XR® testing in corrosion protection and heat transfer will not be highly translatable into many industries, 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.

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GMG Provides Business Update on Australian Federal Government Engagement

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.

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Figure 1: GMG CEO and CFCO meet with Honourable Senator Tim Ayres

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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.

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Figure 2: GMG CEO and CFCO meet with Speaker of the House of Representatives Honourable Milton Dick

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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.

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Figure 3: GMG CEO and CFCO meet with Senator the Honourable Anthony Chisholm

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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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227262

GMG Provides Commercialisation Update on Energy Savings Coating THERMAL-XR(R)

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.

CUSTOMER ENGAGEMENT UPDATE

GMG continues to carry out both Supply and Service Coating for various Air Conditioning Manufacturers, Distributors, Contractors and end equipment owners – including the large HVACR condensing units showing the black coating of THERMAL-XR on the condenser coils seen in Figure 1.

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Figure 1: GMG Team Members in front of large HVACR condensing units coated with THERMAL-XR

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At an event on 4th October 2024 in Brisbane, Australia that included the broad participation of HVAC industry representatives, GMG successfully RE-launched THERMAL-XR® ENHANCE. The focus of the event was on Thermal-XR’s unique heat transfer and corrosion protection capabilities. When first developed, the product was named THERMAL-XR® RESTORE because the Company believed its principal benefit was to restore the heat transfer capabilities of existing installed air conditioners. However, GMG has since proved with third party verification that the product can also enhance the heat transfer of new equipment; hence the re-branding to THERMAL-XR® ENHANCE.

As a result, GMG now believes that THERMAL-XR® ENHANCE has exciting opportunities with HVAC Original Equipment Manufacturers (“OEMs”) in addition to its potential in the HVAC aftermarket. Over the past several months, GMG has completed on-site testing of THERMAL-XR® with global Air Conditioning Manufacturers in China and the USA for potential introduction into their factories. While further customer testing will be required, GMG believes early results are promising.

Apart from applications in the HVAC industry, the unique heat transfer capabilities of THERMAL-XR® ENHANCE has also led to potential new applications in a wide range of industries where reducing heat is important. For example, customer managed Third Party Laboratory Testing with THERMAL-XR® is now being done with companies that operate LNG facilities; companies that manufacture electronic products; and companies that produce motors for the industrial and automotive markets. Further testing will be required to confirm the benefits of using THERMAL-XR® ENHANCE in such applications.

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Figure 2: RE-LAUNCH of THERMAL-XR® ENHANCE

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As shown in Figure 2, THERMAL-XR® ENHANCE will now be available in 5 litre pails, instead of the original 10 litre containers. Customers have expressed their preference for lighter weight pails because they believe they are easier to lift onto roof tops for spraying in-situ air conditioners. Generally, 5 Litres of THERMAL-XR can be used to spray up to 5 small to medium size air conditioners, covering approximately 50 square metres of solid plate.

As previously announced, GMG and Nu Calgon have signed an agreement and are working with a consultant to prepare and submit a Pre-Manufacture Notice (“PMN”) in conjunction with its USA Environmental Protection Agency’s (“EPA”) application to import and sell in the USA. The PMN application is expected to be submitted before the end of October, and the approval is expected to take less than 12 months. The PMN will be substantially different from the Low Volume Exemption (“LVE”) PMN that was previously submitted by GMG. Unlike the LVE PMN application that was limited to 10 tons per annum and one application technique in the HVAC sector, the PMN EPA approval that GMG is now seeking will not be limited by volume, application and any one particular sector.

INDUSTRY RECOGNITION

THERMAL-XR® is a finalist in the AIRAH Product of the Year – to be announced on 21st November 2024. AIRAH, the Australian Institute of Refrigeration, Air Conditioning and Heating, is the peak body representing the HVAC&R industry in Australia. Officially incorporated by guarantee on March 29, 1920, AIRAH celebrated its Centenary anniversary in 2020.

The AIRAH Awards provide our industry with the opportunity to reflect, applaud, and raise a toast to our peers and their achievements – from promising future leaders to established sector veterans; from the finest new projects to the best retrofits; as well as the greatest in refrigeration, renewable energy, and research. Independent industry specialists determine a shortlist of finalists, from which a winner is selected by an expert judging panel. This rigorous and impartial process makes the AIRAH Awards the most highly prized accolades in Australia’s HVAC&R building services industry.



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GMG’s Managing Director and CEO, Craig Nicol, commented: “We believe GMG continues to make good progress in testing its products in large global OEM’s for various types of products in various applications whilst our technical understanding of the coating improves – creating an exciting cycle of innovation and learning with our customers and how we make the graphene and coating, how it is applied and also how it is marketed and sold.”

GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® testing in so many of these applications is very exciting to see and I am encouraged by its potential for progress in these markets.”

TEAM UPDATE

GMG would like to thank Bobby Bran, Chief Projects Officer (“CPO”), for his near 6-year service at the Company. In the Company’s continued efforts to transform into a commercial operation, the Company has decided to outsource major project activity going forward and as such will no longer need a CPO.

On behalf of GMG and its Board of Directors, Craig Nicol and Jack Perkowski would like to thank Bobby for his dedication and service during his near 6-year tenure at the Company.

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:

  1. Produce Graphene and improve/scale cell production processes
  2. Build Revenue from Energy Savings Products
  3. Develop Next-Generation Battery
  4. 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 THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the potential for THERMAL-XR® ENHANCE to enhance the heat transfer of new equipment and its opportunities with HVAC industry and other industries where reducing heat is important, the timing of submission of the Company’s PMN application, the receipt, timing and nature of approval by the EPA of the PMN application, 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 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, that the Company’s PMN application will be submitted on the timetable anticipated, that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA’s approval will be as anticipated, 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 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’s PMN application will not be submitted on the timetable anticipated or at all, that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA’s approval will not be as anticipated, 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226793