Category: Manufacturing

GMG Announces Internal G(R) Lubricant Testing Results Showing 10% Fuel Savings and 33% Reduction in Particulate Emissions

Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the following internal GMG run engine test results when G® Lubricant was added to a Caterpillar 22 kVA diesel engine run at an 80% Load. Test results show a 10% increase in energy efficiency (kwh/litres), and also a 33% reduction in harmful diesel engine exhaust particulate matter emissions, when three doses of G® Lubricant, with a maximum graphene dosage of 0.03%, was added to the standard diesel engine oil.

It is noted that the test engine was not operating optimally before G® Lubricant was added – the engine was overheating at long runs of sustained high loads. As a result, after the initial dose of G® Lubricant was added, an additional two dosages of G® Lubricant were used to hopefully bring the engine into a more stable operating regime, an outcome that was generally achieved.

Detailed Equipment and Process for Testing G® Lubricant

The following describes the equipment used and the process followed by the Company in demonstrating the fuel saving demonstration of the G® Lubricant in the diesel engine generator:

  • The same testing equipment, data systems and processes were used which was verified by the University of Queensland and detailed in GMG’s previous press release on the 25th February, https://graphenemg.com/gmg-unveils-g-lubricant-engine-performance-testing-results-a-transformative-graphene-energy-saving-solution-for-the-multi-trillion-dollar-global-liquid-fuel-industry/
  • GMG also added the following testing equipment to the testing program:
    • Testo 340 Diesel Kit 2 engine emissions test kit which was newly calibrated by the third-party supplier.
    • PDSA DPM-RT-2 particulate matter test unit which was newly calibrated by the third-party supplier.
  • A 22kVA Caterpillar diesel engine generator (with 1,959 hours of run time) was setup in the GMG Richlands warehouse.
  • The generator was connected to a 40-kW power load bank which consumed the energy produced by the generator and created the load and a 500-litre self-contained fuel tank.
  • Two calibrated flow sensors were connected (inflow and return/outflow) to the fuel lines and to a data logger which recorded the fuel consumption.
  • An Energy Analyzer was used to log and track energy produced by the generator.
  • Tests were conducted on 80% loads of the engine from the 40-kW power load bank – 22 kW.
  • A baseline to record diesel fuel consumption under normal engine oil and operating conditions was completed with newly changed recommended premium diesel engine oil and a new oil filter. This oil change was carried out by a professional engine maintenance service company.
  • The engine was run at 80% load and the baseline and G® Lubricant data set used for the analytics is when the maximum ambient temperature for the day was less than 33 degrees Celsius and relative humidity was between 50% and 80% with no rain. Fuel consumption for diesel engines changes when operating in rain or very high humidity or temperatures, so the fuel consumption data baseline and G® Lubricant engine oil additive performance testing were excluded for these times.
  • Only steady state data was used and so any variance or anomalous data seen in either baseline or G® Lubricant datasets were removed from the analytics. Data sets were grouped into minute blocks.
  • Once the baseline fuel tests were completed, G® Lubricant with approximately 1:100 concentration was mixed at approximately 1% ratio by weight into the existing engine oil. This was done another 2 times. The end ratio of GMG’s Graphene to the diesel engine oil was approximately 3:10,000 by weight.

GMG’s Managing Director and CEO, Craig Nicol, commented: “G® Lubricant is not only increasing fuel efficiency it is also reducing particulate matter – which is amazing to see – we will need to do more tests to see what the long-term performance is for this.”

GMG is continuing to conduct more tests to determine the total performance regime of the G® Lubricant. These performance tests will be announced as the information becomes available.

GMG’s Chairman and Director, Jack Perkowski, commented: “Fantastic news – G® Lubricant testing data are exciting – well done to the team – showing great promise as a way to reduce fuel costs and emissions across the multi-trillion dollar liquid fuels industry.”

About GMG:

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

The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG’s 4 critical business objectives are:

  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 G® Lubricant to optimize efficiency and power for stationary or mobile engines, the potential of G® Lubricant to reshape the future of the global liquid fuels industry, GMG’s intention to commercialise and market G® Lubricant, the progress of the Company’s patent applications, the potential market for G® Lubricant and the potential revenue available for G® Lubricant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G® Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant, that the Company’s patent applications will progress as anticipated, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. 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 G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G® Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant as anticipated, that the Company’s patent applications will not progress as currently anticipated, that the potential market and revenue available for the G® Lubricant product is not as currently calculated, 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/253490

CALB (3931.HK) Announces Proposed Controlling Shareholding in Jiangsu Olive Sensors

– Anchoring Strategic M&A in New Energy Industry

On 6 May 2025, CALB Group Co., Ltd. (CALB or the Company, HKG: 3931) announced that it intends to acquire 11% of the shares of A-share listed company Jiangsu Olive Sensors High-tech Corporation Limited (Jiangsu Olive Sensors, stock code: 300507.SZ) through the Share Transfer Agreement. Since the Jiangsu Olive Sensors’ original actual controller gives up majority of the voting rights, CALB will become the controlling shareholder and actual controller of Jiangsu Olive Sensors. The re-elected board of directors of Jiangsu Olive Sensors will consist of five directors, all of whom shall be nominated by CALB. In addition, Jiangsu Olive Sensors intends to private place its 15% shares to CALB, after these shares issuing, CALB’s shareholding and voting rights will increase to 22.61%.

This transaction highlights expectations of the original actual controller of Jiangsu Olive Sensors for the strategic entry of CALB. Moreover, through the deep empowerment of CALB, Jiangsu Olive Sensors will be deeply integrated into the new energy industry chain, anchored in a broader market and sustained performance growth, and achieve a dual enhancement of performance and valuation in the wave of new energy development and revolution. Leveraging its global market presence and chain-leading position in the new energy sector, CALB will provide Jiangsu Olive Sensors with comprehensive, multi-scenario empowerment, further promoting Jiangsu Olive Sensors’ future development across the upstream and downstream industrial chain.

This transaction is one of the limited cases that H-share listed company acquires A-share listed company since the introduction of the “Six Articles on M&A”. It will become another benchmark case for M&A and restructuring to enliven the capital market and promote industrial upgrading. In April 2024, State Council of China issued “Nine New Guidelines” for capital market, which clearly indicated that it would intensify the reform of M&A and take measures to activate the market of M&A and restructuring. In September 2024, China Securities Regulatory Commission issued the New Measures Aimed at Guiding Mergers and Acquisitions among Listed Companies, which further pointed out that it supports listed companies to transform and upgrade themselves in the new qualitative productivity and encourages listed companies to strengthen industrial integration.

In the background of M&A and restructuring wave continues to promote, CALB’s acquisition of holding Jiangsu Olive Sensors is a positive response to the national strategy but also plays a strategic practice of the “chain leader” role leading the new energy industry chain. This transaction will help to achieve the strong combination of the two companies and together to promote the high-quality development of the new energy industry through the two companies’ synergistic empowerment in many areas. Industry insiders pointed out that industrial upgrading and efficiency improvement due to M&A and integration is expected to result in a valuation premium, and industry chain leaders will have more opportunities for valuation reshaping.

In fact, CALB and the target company Jiangsu Olive Sensors are both in the automotive industry chain and are the leading enterprises in their respective segments. CALB is the first EV battery company listed on the Hong Kong Stock Exchange. As a globally influential battery specialist, its passenger vehicle clients have covered major domestic and international automakers, including XPeng, Geely, Changan, GAC, Leapmotor, Toyota, Honda, Volkswagen, Audi. In the commercial vehicle sector, its key clients have encompassed leading enterprises across the light and heavy commercial vehicle fields such as Chery, Geely, Ruichi, Foton, Dongfeng, Sinotruk, XCMG, SANY, and Shaanxi Automobile. In the field of energy storage sector, CALB has established cooperative relationship with the “Five Leading and Six Major” power groups, and has achieved strategic cooperation with many leading enterprises such as Sungrow Power, SPIC, CNN Rich Energy and China Energy Construction, etc. In 2024, CALB’s installed capacity of EV batterie ranked fourth globally and the third domestically, and its energy storage cell shipments also ranked fifth globally, building a closed loop of the new energy industry ecosystem with a diversified layout covering all scenarios such as passenger vehicles, commercial vehicles, energy storage, ships, and eVTOL.

For CALB, this acquisition will also further enhance the Company’s value. It is reported that Jiangsu Olive Sensors, the target of this acquisition, is one of the leading domestic automotive sensor companies. The company has more than 30 years of professional experience in the industry. Since 2022, its revenue growth has continued to grow at double digits, and its business transformation has shown results. In recent years, with the rapid innovation of the automotive industry, new energy and intelligence have entered the critical phase, and Jiangsu Olive Sensors has also taken the initiative to transform and upgrade to the field of new energy vehicle parts. From an industry perspective, the sensors and thermal management systems it focuses on have important application space in the fields of battery intelligence and battery safety. Against this background, CALB will give full play to its resources and advantages in the new energy industry chain through M&A, empowering the business development of Jiangsu Olive Sensors and further enhancing the corporate value of both parties.

Overall, CALB’s strategic deployment will leverage its resources and advantages across the new energy and automotive industry chains. This will enable it to empower high-potential targets with technological expertise, unlock the growth potential of Jiangsu Olive Sensors, and establish a development model where chain-leading enterprises drive innovation in specialized and sophisticated enterprises that produce new and unique products—ultimately accelerating industrial upgrading. Moving forward, the two parties are expected to foster more extensive and in-depth cooperation, creating synergies in industrial chain coordination and market expansion, thereby enhancing comprehensive competitiveness in new energy and smart technologies, enabling mutual growth and stronger market positions for win-win development. On a strategic level, CALB’s acquisition of Jiangsu Olive Sensors may reflect longer-term and more profound strategic considerations.

About CALB
CALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.

Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities.

Wallace MacDonald Holdings (WMH) Ignites a New Era of American Manufacturing with Revolutionary “Made in America” Technology Complex in Nevada

The First Fully Integrated U.S. Technology Hub for Semiconductors, Solar Wafers, Energy Storage, Advanced Solar Modules, and Cutting-Edge Aerospace Research, Powered by President Donald J. Trump and Vice President JD Vance’s Vision for American Industrial Dominance

WMH proudly unveils the United States’ first fully integrated Technology Complex in Reno,Nevada, a historic $6.5 billion investment in American manufacturing that stands as a testament to President Donald J. Trump and Vice President JD Vance’s unwavering commitment to restoring U.S. industrial prominence. This state-of-the-art facility will produce 100% domestically sourced semiconductor wafers, solar cell wafers, cutting-edge energy storage systems, and high-efficiency Heterojunction (HJT) Bifacial Solar Modules, while pioneering one of the world’s most advanced aerospace research programs in collaboration with MIT and other leading institutions. Aligned with current administration’s 6417- 6418 45X advanced manufacturing production tax credits (MPTC), Made in America, and Build America, Buy America (BABA) initiatives, the WMH Technology Complex embodies our fervent dedication to revitalizing U.S. manufacturing, strengthening national security, and driving sustainable economic prosperity. By leveraging pro-manufacturing and energy independence policies such as tax incentives, tariffs on foreign imports, regulatory streamlining, workforce development, and critical mineral access WMH ensures a resilient, self-sufficient supply chain, positioning the U.S. as the global leader in critical technology and aerospace sectors. This advanced technology complex is a beacon of American ingenuity, proudly showcasing our love for domestic manufacturing and our commitment to America, inspiring a brighter future for generations.

Why WMH Will Lead as America’s Premier Producer of Semiconductors, Solar Wafers, Energy Storage, and Aerospace Innovation.

WMH is poised to redefine U.S. leadership in advanced manufacturing and aerospace through a vertically integrated, 100% domestic supply chain, producing:

  • Semiconductor Wafers: Ultra-pure silicon wafers with defect rates below 0.01%, optimized for AI, 5G, and automotive applications (3nm-5nm process nodes), leveraging 99.8% pure silica for superior performance.
  • Solar Cell Wafers and HJT Bifacial Modules: Photovoltaic cells with 25% energy conversion efficiency and HJT modules (600-770W, 24.6% efficiency) for utility-scale and commercial applications, optimized for 400-1100nm wavelengths.
  • PerovHybrid Helix Energy Storage System (PHESS) Novexion Q12: A patented battery system with ~1.8-minute recharge (100C rate), 955.7-1276 Wh/kg energy density, and 20 kW/kg power density, revolutionizing microgrid, utility-scale, EV, satellite, and military applications.
  • Aerospace Research and Development: In partnership with MIT, WMH will establish a world-class aerospace program to develop next-generation propulsion systems, fusion reactors, and advanced PHESS-based power systems for satellites and military applications, supported by a gifted program for young engineers and astrophysicists.

The $6.5 billion investment across three phases will build domestic production capacity, expand our integrated campus, and create a hub for technological innovation. Our partnership with MB Rail, led by CEO Avory Beggs, a trailblazing second-generation leader, enhances logistics through a USA-made rail network, aligning with our current administration’s focus on domestic infrastructure. Kristen Island, Director of Procurement, drives BABA-compliant sourcing, while Roderick Grier, Director of Civil and Structural Engineering, leverages American engineering to achieve global benchmarks. “Our engineering prowess, rooted in American resolve, builds a future where every wafer, cell, module, and propulsion system embodies the strength of our nation,” Grier stated, encapsulating WMH’s mission. This synergy, fueled by our passion for American manufacturing excellence, positions WMH as a global leader.

Strategic Alignment with Trump and Vance’s Manufacturing and Energy Policies
MADE IN THE USA Partner & Strategic manufacturer Solarix VA, USA Builds Partnership with WMH, Due to the Domestic Supply Chain Needs of the U.S. Clean Energy Sector In the face of growing urgency to re-shore and secure America’s clean energy supply chain, Solarix (VA, USA) and WMH have forged a powerful partnership grounded in shared values, complementary expertise, and a bold industrial vision. This strategic alignment unites Solarix’s leadership in U.S.-made HJT solar modules with WMH’s fully integrated, domestic technology complex-creating a vertically aligned solution for solar, semiconductor, and energy storage components. By combining our engineering talent, production capabilities, and American manufacturing spirit, Solarix and WMH are answering the nation’s call for energy security, domestic job creation, and resilient infrastructure.

info@solarix.group

Current administration’s policies have been pivotal in enabling WMH’s $6.5 billion project, creating an ecosystem where American manufacturing and innovation thrive:

These policies, championed by the current administration, foster thousands of high-skill jobs, eliminate foreign supply chain vulnerabilities, and cement U.S. leadership in semiconductors, renewable energy, energy storage, and aerospace. WMH stands shoulder-to-shoulder with their “Made in the USA” mission, honoring their vision for a manufacturing renaissance that ensures prosperity for American workers, communities, and future generations.

Technical Excellence and Innovation
Ultra-Pure Raw Materials
WMH’s proprietary access to 99.8% pure silica (0.02% impurities), sourced from U.S. mines under the Critical Minerals Security Act, enables:
Semiconductors: High-performance chips with <0.01% defect rates, supporting 3nm-5nm nodes for AI, 5G, and automotive (10(15) cm-3»³ carrier concentration).
Solar Modules: 25% cell efficiency and 24.6% module efficiency, with anti-reflective coatings (ARC) optimized for 400-1100nm wavelengths, reducing reflection losses to <2%.

PHESS and Aerospace: Ultra-pure silica for perovskite synthesis and HTS coils, ensuring high-purity YBCO superconductors for magnetic reconnection.

Advanced Manufacturing Ecosystem
The $6.5 billion investment across three phases delivers:
Phase 1 (2025-2026, $2.5B): 3,200 high-skill jobs (mechanical, electrical, nuclear, process engineering) and 5,000+ construction roles, injecting $1.2B into Nevada’s economy. Establishes semiconductor and solar production, plus initial aerospace research facilities with MIT.
Phase 2 (2026-2027, $2B): Scales production to 10,000 wafers, 5,000 cells, 1,000 HJT modules, and 500 PHESS modules/day, adding 2,000 jobs. Expands aerospace program with fusion reactor prototypes and gifted engineering program.
Phase 3 (2027-2028, $2B): Full capacity at 50,000 wafers, 20,000 cells, 5,000 HJT modules, and 1,000 PHESS modules/day, with 8,000 total jobs. Completes aerospace campus, producing PHESS-based propulsion systems and satellite power units.

Key technologies include:
Horn Glass Industries: Supplies 1000-8000 TPD glass lines for float, pattern, and 2mm solar glass, with 99.9% transparency.

Semiconductor Furnaces: Enable ingot production with precise dopant control (boron/phosphorus) for p-type/n-type wafers.

Automated Metrology: Ellipsometry, X-ray diffraction, and impedance spectroscopy ensure <0.005% variance in wafer thickness and module efficiency.

Scalability: Modular design from 10 kWh (residential) to 100 MWh (utility-scale), with stackable helix modules.

Pulsed Magnetic Reconnection Details:

PHESS production integrates with WMH’s complex, using domestic silica for perovskite synthesis and HTS coils, ensuring BABA compliance and leveraging CHIPS and Science Act and Advanced Energy Research and Development Act funding.

Aerospace Research Program with MIT
In collaboration with MIT and other leading institutions, WMH will establish a technologically advanced aerospace program within the Nevada Technology Complex, supported by the Advanced Energy Research and Development Act. Key initiatives include:

  • Fusion Reactor Development: Designing compact fusion reactors for clean energy and propulsion, targeting 100 MW output by 2030, using PHESS-derived magnetic reconnection principles.
  • PHESS-Based Propulsion Systems: Developing lightweight, high-density PHESS units (1500 Wh/kg by 2028) for satellite and military applications, enabling 10x longer mission durations.
  • Gifted Engineering and Astrophysics Program: A selective program for 100+ young engineers and astrophysicists annually, mentored by MIT faculty, to innovate in fusion, propulsion, and PHESS systems for space and defense.
  • Military Applications: Ultra-reliable PHESS units for drones, satellites, and directed-energy systems, enhancing national security under Trump’s America First defense priorities.

The aerospace program will occupy a 2M ft² campus within the complex, with $1B of the $6.5B investment dedicated to R&D, creating 1,000+ specialized jobs.

Sustainability and Economic Impact

WMH reduces carbon emissions by 30% through:

Energy-Efficient Processes: 20% lower kWh/unit via optimized PECVD, CZ, and HTS systems.

Renewable Integration: 50MW on-site solar and 10MW wind power, supported by the Clean Energy Manufacturing Initiative and Energy Independence and Security Act.

Circular Economy: 95% material recycling for silica, glass, and metals, aligning with Trump’s American Energy Dominance resource efficiency focus.

The $6.5B investment creates 8,000+ direct jobs and 15,000+ indirect jobs, with $2.5B annual economic impact by 2028. Partnerships with UNR, UNLV, and MIT train 1,500+ engineers and astrophysicists annually, bolstered by the American Workforce Policy Advisory Board.

Strategic Advantages of Nevada

Logistics: Proximity to I-80 and Union Pacific rail, enhanced by MB Rail’s rail park, supported by the Infrastructure Investment and Jobs Act.

Talent: 10,000+ STEM graduates annually, with MIT’s involvement elevating expertise, trained via Trump’s Hire American policies.

Governance: $50M in state incentives from Governor Joe Lombardo, GOED, and EDAWN, aligned with federal-state synergy.

Strategic Partnerships
WMH collaborates with:

  • Talent: 10,000+ STEM graduates annually, with MIT’s involvement elevating expertise, trained via Trump’s Hire American policies.
  • Governance: $50M in state incentives from Governor Joe Lombardo, GOED, and EDAWN, aligned with federal-state synergy.
  • Strategic Partnerships
  • WMH collaborates with:
  • New Intermodal Site : Owned and managed, revolutionizing logistics efficiency.
  • General Contractor : Partnering with a globally acclaimed North American construction services firm known for delivering mega projects.
  • A&E Design Firms : SSOE, a globally acclaimed firm with 76 years of expertise in the battery/solar industries, chosen to design our cutting-edge complex.
  • Rail Logistics Consultation and Engineering : Via Rail Engineering, crafting a regional rail park for robust material flows.
  • Horn Glass Industries AG : Providing world-class glass plant consultation and engineering.
  • Linde Chemical & Gas : Supplying critical materials to power our advanced manufacturing.
  • Government Partners : Nevada Governor’s Office of Economic Development (GOED), Reno/Sparks/Tahoe Economic Development Authority of Western Nevada (EDAWN), The Honorable Joe Lombardo, Governor of Nevada, and The Honorable Donald J. Trump, President of the United States of America.

Contact press@wallacemac.com or visit wallacemac.com.

Leadership Vision
Hygenes A. Garcia, WMH Director of Engineering, with close to 30 years of Advanced Technology Facilities (ATF) experience, states: “Inspired by current administration vision, WMH’s $6.5B Nevada complex is a monument to American manufacturing and innovation. Our 100% domestic supply chain, HJT modules, PHESS technology, and MIT-led aerospace program redefine resilience, prosperity, and global leadership. We invite partners to join us in making America the world’s manufacturing and technological powerhouse.”

About WMH
WMH is a leader in U.S. advanced manufacturing and aerospace, producing 100% domestically sourced semiconductors, solar wafers, modules, energy storage systems, and propulsion technologies. With offices in Arizona, Nevada, Florida, and New York, WMH drives innovation and economic growth.

Media Contact: press@wallacemac.com 

Technical Contact: Tech@wallacemac.com

WMH Engineering & Development: 2325 East Camelback Road, Suite 417, Phoenix, AZ 85016
WMH Corporate Headquarters: 830 Brickell Plaza, Floor 32, Miami, FL 33131
Economic Impact: 3,200+ jobs in Phase 1, $1.2B economic injection.

Strategic Partners: SSOE, Via Rail Engineering, Linde Chemical & Gas, Horn Glass Industries, Governor Joe Lombardo, and federal/state agencies.

Contact: press@wallacemac.com, Tech@wallacemac.com

As WMH pioneers vertical integration in solar wafer, module, and energy storage production, strategic allies like H2GEMINI are enabling the domestic ecosystem with advanced fabrication equipment and recycling infrastructure. Together, these U.S.-based efforts create a powerful manufacturing corridor that fulfills President Donald J. Trump’s call for energy independence, technological supremacy, and American resilience .

H2GEMINI , a global leader in high-efficiency solar manufacturing solutions, has launched a major U.S. expansion-building a 25,000 m² facility in Nevada dedicated to producing advanced equipment for:

  • Epitaxial wafer fabrication
  • Turnkey HJT production lines
  • Wafer manufacturing systems
  • PV module assembly
  • Integrated recycling for end-of-life panels

“This administration has created the environment we’ve been waiting for-one that values speed, innovation, and domestic capability,” said Uwe Habermann , CEO of H2GEMINI. “By producing our high-efficiency solar technologies in the U.S., we reduce costs for partners, create local jobs, and contribute to a more resilient energy future.”

“We’re not just producing equipment-we’re investing in American talent and a self-reliant clean energy future,” added Lisa Grant , VP of U.S. Manufacturing.

H2GEMINI deliberately waited for President Trump’s return to office before launching U.S. production, aligning its investment with a policy environment focused on reshoring, permitting reform, and industrial revitalization. Their Nevada expansion complements WMH’s Technology Complex by powering the very tools used in American wafer and module production-forming a closed-loop supply ecosystem that is 100% Made in America .

Patriotic Leadership and Strong Alliances
WMH stands shoulder-to-shoulder with President Trump and Vice President JD Vance , embracing the call to Make America Great Again by restoring high-skill manufacturing. Our coalition includes:

  • MB Rail – Logistics powered by a next-gen intermodal site led by Avory Beggs , a trailblazing American CEO
  • SSOE Group – A 76-year veteran of solar and battery plant design
  • Linde Chemical & Gas , Horn Glass , and Via Rail Engineering – Leading global providers in materials, systems, and transport

Investor Opportunity: Reshoring’s Next Major Play
Backed by a patriotic vision and unmatched vertical integration, WMH offers investors a unique position in exploding markets:

  • Semiconductors : $150B by 2030
  • Solar : $200B by 2028
  • Energy Storage : $435B by 2030
  • Technologies that touch AI, aerospace, defense, EVs, and the grid

A Vision Worth Building
“Wallace MacDonald is leading a revival of American innovation,” said Hygenes Garcia, President of WMH . “With our Nevada complex, we’re not just building technology – we’re building legacy. We invite investors, partners, and communities to join us as we restore American greatness and light the way for generations to come.”

Contact & Info
Wallace MacDonald Holdings
Engineering & Development
Press: press@wallacemac.com

Technical: tech@wallacemac.com
Website: wallacemac.com

2325 E Camelback Rd #417
Phoenix, AZ 85016

H2GEMINI Media Contact
Uwe Habermann, CEO
info@h2gemini.com

SOURCE: Wallace MacDonald Holdings Inc.

Graphene Manufacturing Group Provides Quarterly ATM Sales Update

Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company“) provides a quarterly update with respect to the Company’s previously announced “at-the-market” equity program (the “ATM Program“) launched on June 13, 2024. The ATM Program allows the Company to issue and sell, from time to time, up to C$20,000,000 of its ordinary shares (“Ordinary Shares“) from treasury to the public, at the Company’s discretion, pursuant to an equity distribution agreement between the Company and Cantor Fitzgerald Canada Corporation (the “Agent“).

During the quarterly period ended March 31, 2025, the Company issued a total of 866,500 Ordinary Shares on the TSX Venture Exchange (the “TSXV“) at an average price of C$0.7965 per share under the ATM Program, providing gross proceeds of C$690,196.80. Commissions of C$20,705.90 were paid to the Agent in relation to these distributions, resulting in net proceeds to the Company of C$669,490.90.

For further details on the ATM Program, see the Company’s news release dated June 14, 2024.

About GMG www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of G+AI Batteries.

For further information please contact:

  • Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
  • Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249768

CIMC Group Announces 2024 Annual Results

– Achieved Strong Growth: Record-High Revenue, Outstanding Performance in Container Manufacturing and Offshore Engineering Businesses
– Net Profit Attributable to Shareholders Surges over 6 Times YoY Proposed Dividend of RMB 945 million

HONG KONG, Mar 28, 2025 – (ACN Newswire) – China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the audited annual results for the 12 months ended 31 December, 2024 (the “Reporting Period” or the “Year”).

Financial Highlights

Performance Highlights
01. Profits of offshore engineering-related industries improved by nearly 900 million: The manufacturing division achieved its first-ever profit turnaround. CIMC Raffles’ revenue in 2024 increased by 58% year-on-year to RMB 16.556 billion, with a net profit of approximately RMB 224 million, and the gross profit margin increased by 7.8 percentage points to 12.8% in the second half of the year. During the Reporting Period, new effective orders for the offshore engineering division increased by 93.5% year-on-year to US$3.25 billion, a record high. Net profit of the financial and asset management division improved significantly by approximately RMB 640 million; the rental rate of drilling platform jack-up platforms was up by 100%, and the rental rate of Deepsea Yantai semi-submersible drilling platforms by more than 20%.02. Container manufacturing business achieves record-high performance: In 2024, dry cargo container sales experienced a year-on-year growth of 417.03%. The container manufacturing segment recorded a net profit of RMB 4.088 billion, up 128% year-on-year, with the gross profit margin increasing quarter by quarter.
03. Steady performance in core segments of road transportation vehicles and energy, chemical & liquid food equipment business: In 2024, CIMC Vehicles saw a 12.02% year-on-year increase in semi-trailer sales in China, maintaining its no.1 market share in the country for the sixth consecutive year, with revenue growing against market trends. CIMC Enric recorded over RMB 10 billion in new orders for its marine clean energy-related business, setting a new record.
04. The structure of interest-bearing debt continued to be optimized: The interest-bearing debt ratio dropped to 22.4%, and, by the end of the year, 1.89 billion floating interest-bearing US dollar bonds had been replaced, optimizing financing costs.

The Group’s management said, “In 2024, despite the global operating environment remaining complex and competitive, the Group continued to act pragmatically to deepen its core businesses, optimize order quality, and advance its various business segments in a coordinated manner, solidifying its strong manufacturing advantages and charting a new blueprint for high-quality development in the services sector. Leveraging its continuously strengthened global operational platform, the Group captured customer demand across regions, mitigated risks from single-market fluctuations, and achieved steady, quality growth.

In 2024, adhering to the principles of seeking progress while maintaining stability and upholding integrity while innovating, the Group capitalized on its global presence to navigate headwinds and achieve consecutive quarterly performance improvements. For the full year, the Group achieved record-high revenue of RMB 177.664 billion, a 39.01% year-on-year increase. Net profit attributable to shareholders surged 605.60% year-on-year to RMB 2.972 billion. Overseas and domestic revenue accounted for approximately 54% and 46%, respectively, capturing comprehensive growth opportunities across regional markets.”

Segments Results (RMB million)

2024 Business indicatorsRevenueAs % of the total revenueGross profitAs % of the gross profitGross profit marginNet profit
Container manufacturing62,20535.0%9,69943.6%15.6%4,088
Logistics services31,38917.7%1,9398.7%6.2%437
Road transportation vehicles20,99811.8%3,42715.4%16.3%1,081
Energy, chemical, and liquid food equipment25,57914.4%3,53315.9%13.8%732
Offshore engineering16,5569.3%1,5086.8%9.1%224

Core Business Performance

The container manufacturing business achieved outstanding performance once again, with the production and delivery volume of standard containers reaching a historic high. During the Reporting Period, global demand for goods trade picked up, and according to the report issued in February 2025 by CLARKSONS (a global authoritative industry analyst), global container trade volume increased by 5.9% year-on-year to 213 million TEUs in 2024; at the same time, the detour of European routes brought about by the Red Sea Incident and the port congestion caused by the strike of terminal workers resulted in lowered efficiency of container transportation, and increased container demand. Resultantly, during the Reporting Period, the production and sales volume of the Group’s container manufacturing business hit a record high. In particular, the accumulated sales volume of dry containers reached 3,433,600 TEUs (same period in 2023: 664,100 TEUs), representing a year-on-year increase of approximately 417.03%. The accumulated sales volume of reefer containers reached 138,600 TEUs (same period in 2023: 92,500 TEUs), representing a year-on-year increase of approximately 49.84%. In 2024, the container manufacturing business of the Group recorded a revenue of RMB 62.205 billion (same period in 2023: RMB 30.213 billion), representing a year-on-year increase of 105.89%, and a net profit of RMB 4.088 billion (same period in 2023: RMB1.794 billion), representing a year-on-year increase of 127.84%.

In the logistics services business, during the Reporting Period, global merchandise trade showed a rebound in growth, driving strong cargo demand in the international container transportation market. Meanwhile, the substantial rebound in the freight rates of container transportation contributed to the growth in demand in the air and land transportation markets. In 2024, the Group’s logistics services business continued to strengthen its direct customer acquisition capabilities. The business volume of its key core products saw growth ranging from 2% to 49%, achieving operating revenue of RMB 31.389 billion (same period in 2023: RMB 20.166 billion), representing a year-on-year increase of 55.65%, and a net profit of RMB 437 million (same period in 2023: RMB 187 million), representing a year-on-year increase of 133.27%. The yard business volume reached a new record high, with over 7.5 million TEUs of empty containers in and out of the yards for the whole year. During the Reporting Period, CIMC Wetrans ranked third among Chinese enterprises on the list of the 2024 Top 50 Ocean Freight Forwarders issued by Transport Topic, an authoritative magazine in the global logistics industry.

In the road transport vehicle business, CIMC Vehicles deepened its implementation of the “Star-Chained Plan”, achieving new-quality leadership. In 2024, despite a sluggish global commercial vehicle logistics market, the “Star-Chained Plan” enabled CIMC Vehicles to consolidate domestic semi-trailer factory resources and leverage superior product competitiveness to overcome challenges. This drove counter-cyclical growth in domestic vehicle sales and solidified its overseas market advantages. CIMC Vehicles increased its semi-trailer sales in the domestic market by 12.02% year-on-year, securing the nation’s top market share for the sixth consecutive year. Revenue grew against market headwinds, supported by strategic adjustments. The Company also aligned with new energy trends by launching its first pure electric tractors and trailers product. For 2024, CIMC Vehicles reported a revenue of RMB 20.998 billion (same period in 2023: RMB 25.087 billion), down 16.30% year-on-year, and net profit of RMB 1.081 billion (same period last year: RMB 2.448 billion), down 55.83% year-on-year. The decline primarily reflects the normalization of North American business from previously elevated levels. Additionally, in 2023, CIMC Vehicles generated a non-recurring gain of approximately RMB 848 million from the disposal of its equity in Shenzhen Special Vehicle.

In the Energy Field

In the offshore engineering business, the Group achieved its first profit turnaround. In 2024, the global shipping and offshore engineering market environment continued to improve, and international oil prices were at a relatively high level, which still had a promoting effect on the oil and gas production platforms. The continuous growth in marine operation activities drove the utilisation ratio and the rental for offshore engineering equipment to be on the rise, while the offshore engineering equipment market continued to recover. During the Reporting Period, CIMC Raffles secured new offshore engineering orders totaling US$ 3.250 billion (same period in 2023: US$ 1.680 billion), including the maintenance and reconstruction of one FLNG, two turnkey projects for FPSO hull construction, three ro-ro ships, and orders for other clean energy projects. As of the end of 2024, the accumulated value of orders on hand increased by 27% to US$ 6.920 billion (same period in 2023: US$ 5.470 billion), of which the proportion of the oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. The manufacturing of these orders has been booked up to 2027. During the Reporting Period, the offshore engineering business of the Group recorded a revenue of RMB 16.556 billion (same period in 2023: RMB 10.452 billion), representing a year-on-year increase of 58.41%, and a net gain of RMB 224 million (same period in 2023: net loss of RMB 31 million).

In the offshore engineering asset operation, the slow recovery of the global macro-economy and the volatility of crude oil prices continued to affect the global offshore drilling market. With intensifying market competition, both utilisation rate and rates of offshore drilling faced pressure market in the second half of the year, while oil companies re-examined new energy transformation, adjusted development strategies, slowed down the pace of transformation, and re-focused on oil and gas production. During the Reporting Period, the offshore engineering asset operation and management business of CIMC continued to leverage on its existing project experience and business capabilities, further consolidated its cooperative relationship with customers at home and abroad, and capitalised on its excellent offshore engineering platform operation and management capabilities to improve asset rental rates, successfully signing new lease contracts for 2 platforms. In 2024, the offshore engineering asset pool platform actively capitalized on asset revitalization opportunities, achieving a year-on-year increase in leasing and operational income and a notable reduction in losses.

In the energy, chemical, and liquid food equipment business, the Group has overcome cyclical misalignment and fluctuations, supporting the global demand for energy transition. The revenue growth and orders for clean energy have been remarkable, and the Group has continued to enhance its overseas business presence and upstream capabilities in hydrogen energy. In particular, the global shipping industry is accelerating its green transformation, and the cumulative new orders for CIMC Enric’s marine clean energy business exceeded RMB 10 billion, reaching a new high; the sales revenue of LNG vehicle cylinders reached RMB 1.140 billion, representing a year-on-year increase of 31%, reaching a historical high. In the chemical sector, the Group has maintained the number one global market share in tank containers for several consecutive years. In the liquid food segment, the Group seized growth opportunities in the domestic spirits market, achieving a year-on-year increase in revenue. Overall, this business achieved a revenue of RMB 25.579 billion (same period in 2023: RMB 25.026 billion), representing a year-on-year increase of 2.21%, and net profits of RMB 732 million (same period in 2023: RMB 854 million), representing a year-on-year decrease of 14.31%.

Future Development and Prospects

The Group’s management stated, “Looking ahead to 2025, the Group will continue to deepen the implementation of its Five-Year Strategic Plan and the strategic theme of “accelerating the construction of new growth drivers and focusing on promoting high-quality development” and coordinate the reasonable growth of “quantity” and the effective improvement of “quality”, to ‘become a high-quality and respected world-class enterprise’.

In terms of driving new growth momentum, CIMC Group will seize significant opportunities in green development and new quality production, actively expanding our strategic emerging business layout in areas such as clean energy and smart logistics. Balancing globalization, we will explore development opportunities in emerging markets such as Southeast Asia and the Middle East, and focus on upgrading core products and achieving breakthroughs in key technologies, advancing toward higher-value segments of the industrial chain. For high-quality development, we will prioritize improving quality and efficiency to achieve stable and sustainable returns on resource investments. Additionally, we will strengthen technological innovation and digitalization to further enhance product competitiveness while fostering strategic partnerships and industrial collaboration to establish high-quality development relationships.

The year 2025 marks a critical milestone for CIMC Group in our journey of “reaching higher.” We will continue to face challenges boldly and persevere with determination, seeking breakthroughs in adversity and crafting new chapters amid challenges. We aim to reward all shareholders through our steady and solid performance!”

About China International Marine Containers (Group) Co., Ltd.

The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB 177.664 billion, with gross profit margin remained remaining at 12.52% and net profit of RMB 4.195 billion. The Group was ranked 179th in the Fortune 500 China 2024. For more information, please visit http://www.cimc.com/.

Genes Tech Group Announces 2024 Annual Results

– Total revenue reached approximately NTD931.96 million
– Revenue from turnkey solutions reached approximately NTD418.45 million
– Basic earnings per share were NTD2.43 cents

2024 Annual Results Highlights

– Total revenue reached approximately NTD931.96 million
– Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million
– Revenue from turnkey solutions reached approximately NTD418.45 million
– Basic earnings per share were NTD2.43 cents

HONG KONG, Mar 25, 2025 – (ACN Newswire) – Genes Tech Group Holdings Co. Ltd (“Genes Tech Group” or “The Group”, Stock Code: 8257.HK) announces its annual results for the year ended 31 December 2024. (“During the period under review”). During the period under review, the Group recorded the total revenue of approximately NTD931.96 million, Profit for the year attributable to owners of the Company amounted to approximately NTD24.28 million. Basic earnings per share were NTD2.43cents. 

During the period under review, revenue from turnkey solutions amounted to approximately NTD418.45 million, accounting for approximately 44.90% of the Group’s total revenue. The revenue from the trading of parts and used Semiconductor Manufacturer Equipment (SME) amounted to approximately NTD513.51 million, accounting for approximately 55.10% of the Group’s total revenue. During the period under review, under the ongoing geopolitical tensions, the Group has established a solid strategic direction, as well as deepened cooperation with existing international clients and actively explored new models of collaboration. The Group’s revenue from operations in Japan significantly increased by 2,667.38% compared with last year, representing approximately 5.67% of the Group’s total revenue, while revenue from operations in Singapore increased by 41.56% from last year, representing approximately 12.29% of the Group’s total revenue.

Since 2024, the semiconductor industry has seen a significant recovery and entered an upward cycle. Given that the rise of artificial intelligence (AI) technology provides a new driver for the continuous development of the industry, it is generally predicted that generative AI will affect more than 70% of semiconductor products in the coming years. According to the Semiconductor Industry Association (SIA), global semiconductor chip sales hit record high at USD627.6 billion in 2024, representing an increase of 19.1%, benefiting from strong demand for AI processors and memory. The sales in the fourth-quarter amounted to USD170.9 billion, representing an increase of 17.1% as compared to the fourth quarter of 2023 and an increase of 3.0% as compared to the third quarter of 2024. The Market Intelligence & Consulting Institute (MIC) of Taiwan estimates that the production value of Taiwan’s semiconductor industry will reach NTD4.76 trillion in 2024, representing an increase of 21.3%. The mainstream communication product sector has stabilized and showed growth, which has injected growth momentum to certain sub-sectors. Looking ahead to 2025, advanced chips will continue to drive the output growth of semiconductor industry, and Taiwan’s semiconductor industry is projected to reach a total production value of NTD5.52 trillion in 2025, representing a 15.9% increase.

Mr.Yang Ming-Hsiang, Chairman and Chief Executive Officer concluded: “Although the semiconductor industry is expected to continue its upward trajectory, it will be subject to certain uncertainties, including geopolitical risks, volatility of global economic policies, changes in end-market demand and dynamic adjustment on demand and supply from new production capacity. In addition, the continued Sino-U.S. semiconductor technology rivalry, especially the tightened control of AI chips export across the globe by the United States, will become a critical and unneglectable issue in the development of semiconductor industry. As such, the Group will pay close attention to the variables and respond to market changes in a prudent and flexible manner to ensure sustainable development. The Group will also capture development opportunities and strengthen its core competitiveness to create long-term shareholder value.”

About Genes Tech Group Holdings Co. Ltd (Stock Code: 8257.HK)
Genes Tech Group Holdings Co. Ltd is a turnkey solution provider and exporter of parts and used SME in Taiwan. Since the commencement of its business in 2009, the Group mainly engaged in providing turnkey solution for parts and used SME for its customers and modifying and/or upgrading the semiconductor equipment of its production systems according to customers needs. In addition, the Group is also engaged in the trading of parts and used SME. The parts and used SME supplied by the Group included furnaces, clean tracks and other related items, which were used at the front-end of the semiconductor manufacturing process, wafer fabrication such as deposition, photoresist coating and development, and these were extensively applied in mobile phones, game consoles, DVD players, automotive sensors and other digital electronic products.

The press release is distributed by Vitalink Consultants Limited on behalf of Genes Tech Group Holdings Co. Ltd. For enquiry, please contact:

Ms. Natural Lau  Tel: (852) 2529 7999  Email: Natural.lau@vitalink.com.hk

Graphene Manufacturing Group Ltd. Announces Closing of Bought Deal Financing

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company“) is pleased to announce that it has completed its previously announced bought deal offering of 7,245,000 units (the “Units“) at a price of C$0.80 per Unit (the “Offering Price“) for aggregate gross proceeds to the Company of C$5,796,000, which includes the exercise in full of the Underwriters’ (as defined below) over-allotment option for 945,000 Units (the “Offering“).

Each Unit will consist of one common share of the Company (each, a “Unit Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant shall be exercisable into one additional common share of the Company for a period of 36 months from the closing of the Offering at an exercise price of C$1.10.

Under the Offering, Ventum Financial Corp. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Red Cloud Securities Inc. (the “Underwriters“) pursuant to the underwriting agreement entered into between the Underwriters and the Company dated March 14, 2025.

The Offering was completed pursuant to a prospectus supplement dated March 14, 2025 to the short form base shelf prospectus of the Company dated March 7, 2025 in each of the provinces of Canada (except Quebec), in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“) and applicable state securities laws and other jurisdictions outside of Canada and the United States on an exempt basis, provided that the issuance of the Units (including the underlying securities) is permitted under laws applicable to the Company (including the Australian Corporations Act 2001 (Cth). The Offering remains subject to the final approval of the TSX Venture Exchange.

The Company intends to use the net proceeds of the Offering to expand its production capacity to increase sales, continue ongoing research and development to progress the Graphene Aluminium-Ion Battery with the Battery Innovation Center of Indiana, prepare to uplist on a major United States exchange and working capital and general corporate purposes.

In connection with the Offering, the Company paid the Underwriter a cash commission equal to 7% of the gross proceeds of the Offering and issued to the Underwriter such number of compensation warrants as is equal to 7% of the number of Units sold pursuant to the Offering (the “Compensation Warrants“). Each Compensation Warrant is exercisable into a Unit Share at the Offering Price until 36 months from the closing of the Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons as defined under Regulation S, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About GMG:

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

The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R“) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries“). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG’s 4 critical business objectives are:

  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

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 business objectives, focus and strategy of the Company; ongoing R&D of the Company; the anticipated use of proceeds of the Offering; the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company’s ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; receipt of all necessary approvals the Company’s ability to list Common Shares on the TSX Venture Exchange; the Company’s performance and general business and economic conditions.

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: overall economic conditions, technical de-risking and market acceptance for the Company’s products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward looking statements; risks relating to the extent and duration of the conflict in Eastern Europe and the Middle East 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.

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

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Energy Savings Projects with Singapore Bank to Scale

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that GMG, C&W Services Singapore and ACMES, GMG’s Singapore Thermal-XR distributor, have successfully completed energy savings case studies with a Singapore bank. The energy savings was seen on average between 10% to 20%. Following the successful case study, the bank is now exploring the potential to scale the application of Thermal-XR Enhance across more branches.

Figure 1 shows ~33% energy saving by comparing post coating average daily energy consumption to before washing.



Figure 1: Daily Energy Consumption Reduction due to Thermal XR Coating (after washing) on Bank Air Conditioner

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/244317_0264293a642e5ab7_002full.jpg

GMG’s Managing Director and CEO, Craig Nicol, commented: “Our partnership with C&W Services and ACMES has been very successful thus far and we look forward to implementing more energy savings projects with THERMAL-XR® Powered by GMG Graphene with various other companies in Singapore and around the world.”

About GMG:
GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG’s 4 critical business objectives are:

  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 bank chain applying Thermal-XR Enhance to all of its remaining branches, GMG’s continued partnership with C&W and the potential application of Thermal-XR Enhance to other companies around the world.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the bank chain will apply Thermal-XR Enhance to all of its remaining branches and that GMG and C&W will implement energy savings case studies with other companies in Singapore and worldwide. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, that the bank chain will not apply Thermal-XR Enhance to all of its remaining branches and that GMG and C&W will not be able to implement energy savings case studies with other companies in Singapore and worldwide.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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Formerra Introduces Formerra+ Upgraded Ecommerce Site to Optimize Customer Experience

Formerra+(TM) delivers a faster, smarter, and more seamless way to do business with enhanced product search, intuitive navigation, and powerful management tools.

Formerra, a leader in performance materials distribution, today launched the Formerra+ ecommerce website, now upgraded to deliver a faster, more intuitive, and personalized experience for customers across multiple industries. The enhanced site provides purchasing, engineering, and quality control customers with easy access to ordering and technical information so that they can get the materials they need faster.

“Our customers are looking for efficiency, accuracy, and convenience when managing orders and purchasing materials,” said Cathy Dodd, Chief Executive Officer at Formerra. “The upgraded Formerra+ online and mobile experience reflects our commitment to delivering the best digital tools and 24/7 ordering experience to customers worldwide.”

Formerra+ offers simplified navigation and a modern user interface along with improved search and filtering capabilities, new payment options, and a streamlined checkout process. Together, these improvements make ordering, reordering, documentation downloads, and answers to material availability and pricing quicker and easier. In addition, the site will be rolling out additional features aimed at personalizing individual customer experiences.

“We continue to advance our digital capabilities to simplify our customers’ access and material selection process,” Dodd added. “Our goal is to create an online experience that not only meets industry standards but sets a new benchmark for convenience and accessibility. This development also supports our supplier partners by providing more visibility into material demand, helping to streamline planning and collaboration.”

Formerra+ reflects the company’s ongoing investment in digital innovation to support customers with dependable supply chain solutions, collaborative technical guidance, and proactive sustainability strategies.

To access the enhanced site, customers can visit formerra.com and click on Formerra+ in the top menu.

About Formerra

Formerra is a preeminent distributor of engineered materials, connecting the world’s leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways – driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.

Media Contact
Juan Guerrero
Marketing Communications, Formerra
juan.guerrero@formerra.com
+1 630-972-3145

SOURCE: Formerra

Salary Reality Gap: 52% of Malaysian Employees See Scope for Salary Growth, foundit Survey Reveals

Key findings from the survey: 

  • A majority of professionals (45%) expect a 0-10% growth in their next appraisal
  • 52% of respondents believe their salary is below average compared to industry peers
  • Only 32% of respondents are satisfied with their salary growth opportunities
  • 36% of employees reported no major change in their salary over the past three years
  • Skills in demand (31%) and economic trends (30%) are the primary drivers of current salary trends

Malaysian employees and employers appear to be on different pages when it comes to compensation, according to new research. A comprehensive salary survey by foundit, a leading jobs platform, reveals that while many professionals see room for salary growth, organisations are focusing on strategic compensation planning to retain talent in a competitive job market. The research highlights evolving compensation trends in Malaysia, with a growing awareness among professionals about market benchmarks. More than half of the surveyed employees recognise the need for salary adjustments to align with industry standards, while nearly half anticipate modest single-digit salary growth in their upcoming reviews.

These insights present valuable opportunities for organisations to enhance their talent strategies, ensuring competitive compensation structures that attract and retain top talent. With compensation playing a central role in both recruitment success and employee loyalty, these insights into workforce sentiment provide valuable intelligence for business planning.

V Suresh, CEO of foundit, commented on the findings: “This research offers fascinating insights into Malaysia’s compensation landscape, revealing both challenges and opportunities. The perception gap we’ve identified – where many employees believe their pay falls below industry standards – represents a critical area for employers to address. 

Malaysian businesses have a compelling opportunity to strengthen their position in the talent market through enhanced salary transparency and more effective communication about compensation. By helping professionals understand how their pay compares to true market rates and developing transparent frameworks for advancement, organisations can better align expectations with reality. This strategic approach benefits not just individual employees but strengthens organisational resilience and competitiveness. For Malaysia to continue its trajectory as a business hub in Southeast Asia, addressing these compensation perception gaps will be instrumental in attracting and retaining the best talent.” 

Key findings from the survey include: 

Salary Perception Across Experience Levels 

  • More than half (52%) of employees believe they are underpaid compared to industry peers.
  • 38% feel their salary is above average, while 10% are unsure how their pay compares to market rates.
  • Executive-level professionals (15+ years of experience) have the highest salary awareness, with only 4.48% unaware of market benchmarks, compared to mid-career professionals who display greater uncertainty.

Satisfaction with Salary Growth 

  • 30% of respondents are dissatisfied with their salary growth opportunities with majority in Engineering and Logistics sector.
  • 38% remain neutral, indicating mixed perceptions about compensation structures.
  • 32% express satisfaction, but satisfaction levels decline as professionals advance in their careers. IT (35.38%) leads in salary growth satisfaction.

Expected Salary Growth from Appraisal 

  • 45% of professionals expect only a 0-10% salary hike in their next review.
  • 28.7% anticipate a 6-10% increment, while 16.7% foresee just 0-5% growth.
  • 19.5% of professionals aim for substantial increases exceeding 30%.
  • Professionals with 4-6 years of experience are the most optimistic, with nearly 39% expecting 6-10% raises, while senior executives anticipate more conservative increases (0-5%). 

Salary Changes Over the Past Three Years 

  • 36% of professionals saw no salary growth, indicating wage stagnation.
  • 30% experienced salary reductions (19% minor, 11% significant).
  • 34% received salary hikes (18% modest, 16% substantial), highlighting industry-specific trends.

Future Salary Expectations: Industry Outlook 

  • Employees in the Engineering & Construction sector expect predictable salary growth (36.36% anticipate 6-10% raises).
  • BFSI professionals have the highest expectations, with more than 50% anticipating 30% above increments. 
  • Entry-level professionals remain the most optimistic, with 79% expecting salary growth, while expectations decline at senior levels (67% among executives).

Key Drivers of Salary Trends 

  • Skills in Demand: 31.2% of professionals believe in-demand skills significantly impact salaries.
  • Economic Trends: 30.5% see macroeconomic factors shaping pay scales.
  • Sector-Specific Challenges: 18% cite industry constraints as key influencers.
  • Technological Advancements: 12% recognise tech-driven disruptions affecting wages.

For organisations navigating the complexities of talent acquisition and retention in today’s competitive landscape, this research provides a valuable measuring stick for assessing current approaches and identifying areas for strategic improvement. By leveraging these insights to enhance both compensation structures and communication around pay, companies can create more appealing work environments that attract and retain top talent.

About foundit – APAC & Middle East 

foundit, formerly Monster (APAC & ME), is Asia’s leading jobs and talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to its innovative AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation and interview preparation. foundit has connected over 120 million job seekers across 18 countries with the right job roles and upskilling opportunities.

Over the last two decades, the company has been a leader in the world of recruitment solutions and has launched cutting-edge tools to give recruiters access to passive candidates in addition to active ones. With its advanced technology, foundit is efficiently bridging the talent gap across industry verticals, experience levels, and geographies.

Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place to Work, reflecting its dedication to fostering a supportive and dynamic work culture.

To learn more about, foundit in APAC & Gulf, visit: www.foundit.my | www.foundit.sg |www.foundit.com.ph | www.foundit.in | www.founditgulf.com |http://www.foundit.hk | www.foundit.id

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