CALB Group Co., Ltd. (CALB or the Company, stock code: 3931.HK) published a positive profit announcement. The Company is expected to record a net profit ranging from approximately RMB786 million to RMB874 million for the year ended 31 December 2024, representing an increase ranging from approximately 80% to 100% as compared to the net profit of RMB437 million for the same period last year. The expected growth is primarily attributable to the following factors: Firstly, the Company broadened its operations and achieved sustained business growth, which significantly improved its economies of scale; secondly, the Company, leveraging its advanced technology and robust product capabilities, continually improved its product performance and consistently lowered costs, therefore resulting in a year-on-year increase in profits during 2024.
CALB stated that, as one of the fastest-growing international new energy enterprises, the Company adheres to a dual-drive strategy focusing on power and energy storage, actively promotes global expansion, accelerates the construction of its global infrastructure, and improves its production, sales, and service networks to provide strong support for global delivery. With a series of world-first and innovative technologies and products, the Company has achieved exponential growth. Its products have been exported to more than 40 countries and regions worldwide, and established a good relationship with the world’s leading enterprises. The realization of scale effects from business growth is one of the primary reasons for the company’s significant revenue increase.
Furthermore, as a battery expert, CALB has been adhering to the philosophy of technological innovation, maintaining its leading position in both product and technology. The Company continues to increase its R&D investments, which not only reduces costs but also enables the launch of more high-performance and high-safety battery products. With the further expansion of global demand for power and energy storage markets, the Company is committed to developing products that are better suited to various application scenarios, in order to satisfy the ever-changing customer needs. CALB is expected to achieve sustained profit growth, thereby better rewarding investors and shareholders.
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.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the results of the multi-year performance testing of G® Lubricant, a transformative graphene liquid concentrate additive designed to enhance the performance of diesel and gasoline (petrol) engines. This product has the potential to reshape the future of the global liquid fuels industry and offers an innovative solution that optimizes efficiency and power for stationary or mobile engines.
GMG is in the process of preparing packaging and marketing materials for G® Lubricant, and expects to begin a direct marketing campaign, targeting fleet owners and initially commencing in Australia and then expanding into other markets from April 2025 onwards.
G® Lubricant, a graphene liquid concentrate that can be added to any mineral or synthetic oil used in an internal combustion engine, has been shown to increase fuel efficiency by up to 8.4% in a diesel engine. The amount of graphene in the final lubricant once G® Lubricant is mixed in is only ~ 1:10,000, with the balance of the concentrate consisting of lubricating base oil. As a result, G® Lubricant can be used safely in any internal combustion engine. Over the past four years, GMG has conducted environmentally controlled testing of G® Lubricant in internal combustion engines monitored and verified by The University of Queensland. GMG’s test results have been corroborated by similar savings realized by customers over a number of years of field testing.
Figure 1 below shows the high level fuel efficiency improvement provided by the G® Lubricant additive, while Figure 8 provides the detailed fuel testing parameters.
Figure 1: Diesel Engine Fuel Efficiency Improvement provided by G Lubricant
The data shows a clear increase in fuel efficiency performance from G® Lubricant when the load is increased on the engine. High loads for truck diesel engines are usually seen when the truck starts to move, and then at high speeds when encountering wind resistance. Usually stationary diesel engines for power generation operate at high load.
Figure 2 shows the potential savings for the main types of diesel engine commercial vehicles in use in Australia – with average vehicle data sourced from the Australian Bureau of Statistics[1] (ABS).
Figure 2: Potential Cost Savings per Vehicle Type provided by G Lubricant
Exceptional Performance Confirmed by University of Queensland
GMG’s Managing Director and CEO, Craig Nicol, commented: “G® Lubricant has taken over 4 years of advanced product testing and is transformational for energy efficiency and emissions reduction for the liquid fuels industry – it is the culmination of decades of lubricants, engines, energy markets and graphene knowledge which is inherent in the GMG business. The next challenge to commercialise this product awaits – which we are eagerly preparing for.”
GMG’s Chairman and Director, Jack Perkowski, commented: “G® Lubricant’s performance, which demonstrates an 8.4% improvement in fuel efficiency using only a very small amount of graphene in an easy to use graphene concentrate, is a ‘Category Creator’ that has the potential to redefine the multi trillion dollar liquid fuels market. The fact that only 1% of G® Lubricant is needed to achieve such savings provides a very attractive value proposition for fleet owners.”
Whilst G® Lubricant can be used to reduce fuel consumption in both diesel and gasoline/petrol engines GMG intends to focus on the diesel market initially, which is largely B2B focused, and therefore, more targeted as far as fuel cost savings and performance. GMG calculates that global diesel fuel sales totalled US$1.4 Trillion per annum[2] including taxes and duties on approximately 28 million barrels of diesel per day as detailed by the EIA2. Figure 3 shows the top 34 countries in the world with diesel fuel sales greater than US$10 Billion per annum.
Estimated US$ 1.2 Billion Per Annum Global Diesel Market For G® Lubricant
Assuming an average fuel savings of 8.4%, GMG believes that a conservative estimate of the potential market for G® Lubricant is 10% of the fuel savings realized by users annually. Assuming G® Lubricant pricing equal to 10% of the savings realized, GMG estimates that the potential global revenue for G® Lubricant is US$ 1.2 Billion sales per annum. Figure 4 shows GMG’s estimates of potential annual sales of G® Lubricant by country.
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:
A 30kVA (24 kW) Cummins diesel engine generator (with 14,784 hours of run time) as seen in Figure 5 and described in Figure 6 was purchased and 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 loads of 40%, 60% and 80% loads of the 40 kW power load bank – 12, 18, 24 kw respectively.
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 the different loads (40%, 60% and 80%) 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, the engine oil was drained and the oil filters were replaced. G-Lubricant with approximately 1:100 concentration was mixed at approximately 1% ratio by weight with a new batch of the same premium recommended engine oil and added to the generator engine. The end ratio of GMG’s Graphene to the diesel engine oil was approximately 1:10,000 by weight. The oil change was carried out by the same professional engine maintenance service company.
G® Lubricant Packaging
G® Lubricant is currently sold by GMG in different small pack sizes, a 500 ml pack is shown in Figure 5 which can be diluted into 50 litres of engine oil to provide improved engine performance. GMG intends to direct market the product to its targeted markets through various pack sizes for direct and bulk use.
Figure 5: G® Lubricant 500 ml pack (which can be used to dose 50 litres of engine oil)
As seen in Figure 9, G® Lubricant GMG improves fuel efficiency by creating less friction in the boundary layer lubrication of the pistons inside the cylinder block of the engine. It is widely accepted that approximately 30% of the fuel is used in an engine to overcome internal friction, and that approximately 60% of the engine friction is in the piston area. Graphene has also been seen to prevent wear and also fill in wear scars of an engine, helping to improve piston sealing.
Figure 9: G® Lubricant is believed to reduce friction in the engine pistons.
GMG submitted a patent application on the G® Lubricant product as soon as it was possible, and this is progressing through the usual process to be approved for the main target markets.
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:
Produce Graphene and improve/scale cell production processes
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.
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.
CALB Group Co., Ltd.(CALB or the Company, stock code: 3931.HK) announced that it has been included in the Hang Seng Composite Index as of February 21, 2025, with effect from March 10, 2025.
The Hang Seng Composite Index is a benchmark index for the Hong Kong stock market, representing the largest and most liquid companies in the market. CALB’s inclusion in the index means the Company has met the criteria for inclusion in the Hong Kong Stock Connect trading program. This cross-border trading mechanism between mainland China and Hong Kong promotes the opening and cooperation of the two capital markets, offering global investors more opportunities. As a frontrunner in the battery industry, CALB’s inclusion will attract more investors from both mainland China and overseas, enhancing stock liquidity and potentially diversifying its shareholder base.
As a leading international new energy technology enterprise, CALB is committed to driving energy transformation and technological innovation, with the mission of “achieving greatness through win-win cooperation, and benefiting mankind for a better world.” Leveraging its strong technological R&D capabilities and innovative potential, the Company focuses on multiple applications related to E-transformation, including electric vehicles (EVs) and energy storage systems (ESS). In 2024, CALB’s installed capacity of EV batteries firmly ranked the second place among the third-party EV battery enterprises in China and third globally. In the energy storage market, the Company, in collaboration with Sungrow, secured the world’s largest energy storage battery order in 2024, earning high recognition from strategic customers for its products and delivery capabilities. In the marine market, the Company partnered with several well-known enterprises to promote the operation of the world’s first-of-its-kind 10,000-ton pure electric container ship. CALB continues to innovate, supporting the “carbon peaking and carbon neutrality” goals, and actively explores battery recycling and reuse to foster the development of the circular economy. The Company strives to establish a battery full life cycle management system in the new energy industry, meeting the growing market demand for sustainable and environmentally friendly solutions.
CALB stated that inclusion in the Hang Seng Composite Index will open more capital market opportunities, facilitate its inclusion in the Hong Kong Stock Connect program, accelerate its internationalization, expand global influence, and enhance long-term shareholder value. This milestone not only supports the Company’s growth but also provides additional capital to drive breakthroughs in the global new energy market.
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.
Formerra, a leader in performance materials distribution, announced today that Kyle Poyta has joined the company as Chief Commercial Officer, a newly established role at Formerra. Kyle most recently led Quaker Houghton’s North American commercial organization, with prior roles at DuPont.
Kyle Poyta named Chief Commercial Officer at Formerra.
Kyle’s 26 years of experience in specialty chemicals, industrial minerals, and polymer industries will help him to lead and execute Formerra’s commercial strategy as the Company enters an inflection point driven by commercial investment, global expansion, and accelerated growth.
“As our global strategy unfolds, we’re well positioned for an inflection in growth supported by significant investments in our commercial capabilities over the last two years,” says Cathy Dodd, Chief Executive Officer, Formerra. “In recent periods, we completed strategic acquisitions in Europe and Mexico, invested in our growing footprint in Europe and Southeast Asia, expanded our product offering in elastomers and high-performance polymers, enhanced our digital e-commerce platform and established ISCC PLUS certifications, bringing greater value for customers worldwide. Kyle’s expertise in commercial strategy and leadership and his track record of success at Quaker Houghton and DuPont aligns thoroughly with this momentum.”
In addition, Formerra has announced two leadership changes aimed at increased operational excellence and building strong global supplier partnerships. Doug Zupan, formerly Vice President of Operations, has been promoted to Chief Operating Officer. He will be responsible for optimizing global operations, efficiency, and alignment between teams. Michael Ellison, former Senior Director, Product Management, has been promoted to Vice President, Product Management. In this role, he will lead the group to strengthen and augment supplier partnerships globally.
Lastly, Robert Zusy, Vice President of Sales, is retiring from the Company. Robert spent his 30-year career serving in many commercial roles and made a significant impact on Formerra’s commercial initiatives that will continue to support its commercial teams well into the future.
About Formerra
Formerra is a preeminent distributor of engineered materials, connecting the world’s leading polymer and specialty materials 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.
DEXIS, an international leader in dental imaging technologies, celebrates the 2024 launch of its DEXIS digital ecosystem along with other AI-powered imaging solutions. The company also announces that 2025 will bring further innovations, with presentations at two major dental technology conferences.
“For DEXIS, 2024 was a year of tremendous innovation, as we continue to provide dental professionals with the most powerful, efficient and time-saving diagnostic tools and technologies,” DEXIS President Robert Befidi said. “We are proud of our progress and will bring that momentum with us in 2025 as we unveil exciting, industry-changing initiatives.”
The company enhanced its portfolio of award-winning imaging solutions in 2024, beginning with the February 2024 launch of the DEXIS digital ecosystem, a suite of tools and software designed to connect and streamline the implant workflow. The platform combines cutting-edge CBCT, intraoral scanning, diagnostics, and treatment planning to aid clinicians through their entire digital workflow from diagnosis to delivery. The open imaging system ensures that clinicians have the freedom to customize workflows and that patients, labs, and staff have the appropriate visibility, creating a seamless experience.
May 2024 brought the release of the DEXIS Ti2 Intraoral Sensor, built on the success of its predecessor, the best-selling DEXIS Titanium Sensor. The Ti2 sensor provides high-resolution images while also adding 2D AI Dental Findings, an integrated offering that automatically identifies and highlights 6 common dental findings. The sensor’s housing also incorporates subtle design changes that make it more resistant to drops and wear.
In August, the company announced the launch of DEXIS™ Connect Pro, which provides proactive monitoring of DEXIS CBCT and intraoral sensor devices through IoT technology. It connects DEXIS customers with more than 100 DEXIS technical support agents, automatically arranging support, preventative maintenance, or equipment replacements if performance issues are detected. By keeping digital equipment operating without interruption, the Connect Pro solution enhances office productivity and consistent patient care for dental professionals who rely on DEXIS technology.
DEXIS continued to actively improve its solutions with the September 2024 release of the ORTHOPANTOMOGRAPH™ OP 3D™ EX X-ray platform. Designed specifically for general practitioners looking to expand their diagnostic capabilities with 3D imaging, the OP 3D EX has a wide range of field of view sizes to support multiple clinical indications. Updates to the DTX Studio™ Clinic software provided advanced tools and new functionality that allows practitioners to plan an implant treatment and generate a surgical guide chairside, in less than three minutes.
DEXIS envisions 2025 as another year of ground-breaking advancements in technology and customer service. Projects currently in production or development include:
The first intraoral scanner developed entirely by DEXIS
AI enhancements across the ecosystem to increase efficiency and productivity
An exciting innovation within the 3D imaging portfolio
Updates to enhance the implant workflow in DTX Studio Clinic
DEXIS expects to begin rolling out these initiatives at two major 2025 industry meetings: the Chicago Dental Society Midwinter Meeting in February and the International Dental Show in Cologne, Germany, in March.
The Chicago Dental Society meeting, February 20-25 at McCormick Place West, is the organization’s 160th annual midwinter conference and offers more than 200 courses on dental medicine. It draws both U.S. and international dental professionals as well as hundreds of exhibitors.
The International Dental Show, March 25-29, is the world’s leading trade fair for the dental sector. The biennial event is known as a trend-setting event, where major manufacturers unveil advances in technology for the top decision-makers in dentistry.
As one of the world’s leading developers of dental imaging technologies, DEXIS sees both events as essential venues for showcasing its products and connecting with DEXIS owners.” There are more than 150,000 DEXIS dental imaging devices in use worldwide which is a testament to our mission to transform practices and patient smiles globally,” Befidi said. “Every year, we build on our long tradition of innovation and successes, learn from our lessons, and aim to provide innovative solutions and exceptional service to our customers.”
Visit the company’s website at www.dexis.com to stay informed about the latest industry news, product information, and upcoming events.
About DEXIS
DEXIS has been a global leading brand in digital radiography for 70+ years. Today, DEXIS has brought together the most trusted brands in 3D imaging, intraoral scanning solutions, and diagnostic software to provide you with a complete digital diagnostic solution under a brand name. Our innovative award-winning technology enhances the way you diagnose, accelerates your workflow, and delivers simpler treatment paths with better patient outcomes. For more information, please visit https://www.dexis.com.
About Envista Holdings Corporation
Envista is a global family of more than 30 trusted dental brands, including Nobel Biocare, Ormco, DEXIS, and Kerr, united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Its comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers a wide array of dentists’ clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry. For more information, please visit www.envistaco.com.
Mainland is the Prime Location for GBA Businesses to Build Supply Chain Resilience, with ASEAN the No.1 Overseas Option
More than 90% of manufacturing businesses in the Greater Bay Area (GBA) have either completed their supply chain transformation or have the process well underway. This is the key finding of GBA Supply Chain Diversity: Enhancing Connectivity Among ASEAN, Hong Kong, and the Mainland, a joint report published today by the Hong Kong Trade Development Council (HKTDC) and UOB Hong Kong.
The report also found that 72% of GBA-based manufacturing companies have already committed to actively bolstering the resilience of their supply chains, with the remainder expected to follow suit within two years. In another positive finding, a significant proportion of survey respondents saw Hong Kong as an indispensable link between the GBA and the ASEAN bloc, while also having a high regard for the city’s expertise in the green finance and professional services sectors.
The report’s conclusions were based on an in-depth survey of more than 600 GBA-based companies conducted in the third quarter of 2024. Within its comprehensive remit, the research also set out to determine the key drivers of supply chain diversification, identify the overseas markets GBA businesses are primarily targeting and evaluate the success of the green and sustainable development initiatives implemented by such enterprises.
Strengthening Supply Chain Resilience For most GBA-based businesses, the mainland remained their preferred choice when it came to both diversifying their supply chain arrangements and broadening their range of production options. For those looking to diversify their supply chains by incorporating overseas locations, ASEAN was the number one choice, with 84% of the surveyed enterprises indicating they had plans in place to maintain or expand their production/sourcing activities within the bloc. The primary reason for this preference (as cited by 39% of respondents) was the positive nature of China-ASEAN trade relations, with the benefits accruing from both the Regional Comprehensive Economic Partnership (RCEP) agreement and the Belt and Road Initiative (BRI) also widely acknowledged.
Of the individual ASEAN markets, Singapore, Malaysia and Indonesia were the preferred choices for both current and future business activities. The rising level of business interest in the Philippines, Cambodia, Laos and Brunei, however, was also notable.
The key challenges to successfully entering the various ASEAN markets, meanwhile, were seen as finding suitable and capable local service providers (as cited by 32% of respondents), followed by maintaining data security (25%) and finding talent with the required expertise (25%). Tellingly, many of the issues designated as primary concerns in the 2023 study – difficulties in navigating local government policies and regulations relating to foreign investment and culture/language barriers – featured less prominently in the more recent survey.
In line with the perceived success of the overall upgrade programme, the majority of survey respondents (60%) now see the GBA’s supply chains as characterised by a high level of innovation, collectively underpinned by the extensive deployment of effective digital solutions.
ESG and Sustainability In addition to their focus on bolstering the resilience of their supply chains, many GBA businesses remained committed to accelerating their ESG initiatives. As a sign of this, 81% of survey respondents had active green and sustainable development programmes in place – 16 percentage points higher than the 65% recorded in 2023.
Respondents also indicated a greater willingness to increase their level of ESG investment, with an average increase of about 25% planned over the next two years. This will see the relevant budget allocations average HK$462,535, well above the 2023 figure of HK$371,333.
Commenting on the findings, Irina Fan, the HKTDC’s Director of Research said: “GBA companies are now demonstrating a real commitment to sustainability, as shown by the planned 25% increase in ESG investment over the next two years. As there are about three million enterprises in the GBA, this could equate to total ESG-related investment of some HK$1.3 trillion.”
Adaline Zheng, CEO of UOB Hong Kong, said: “As businesses in GBA continue to evolve and adapt to emerging trends, we are committed to supporting their journey towards sustainable growth and resilience. By leveraging our robust foreign direct investment advisory unit and strong Hong Kong platform, we provide tailored solutions and insights to facilitate GBA companies’ expansion into ASEAN markets. The increasing focus on diversifying supply chains and enhancing connectivity with ASEAN underscores the pivotal role of collaboration and innovation in today’s dynamic market. Together, we empower businesses to not only thrive in a competitive landscape but also to contribute positively to our shared future.”
Hong Kong: The GBA-ASEAN Super Connector Another clear finding of the 2024 survey was the success Hong Kong has found in carving out its unique niche as the GBA-ASEAN super-connector.
This was reflected in the score GBA-based businesses accorded both Hong Kong’s Connectivity with the ASEAN Bloc and Hong Kong’s Connectivity with Mainland GBA Cities – eight out of 10, a one-point year-on-year increase.
In a further endorsement, 80% of 2024 respondents indicated a willingness to both learn more about Hong Kong’s green professional services and to use such services more frequently, a significant increase on the 2023 figure of 70%.
Notes for Editors The GBA is the Greater Bay Area (also known as the Guangdong–Hong Kong–Macao Greater Bay Area), a priority development area that comprises nine mainland cities in Guangdong province (Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Huizhou, and Zhaoqing) as well as two Special Administrative Regions, Hong Kong, and Macao.
Related materials – HKTDC Research: https://research.hktdc.com/en – The report in Chinese – GBA Supply Chain Diversity: Enhancing Connectivity Among ASEAN, Hong Kong and Mainland China can be downloaded from the websites of HKTDC and UOB Hong Kong.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
About UOB UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.
The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.
Mega promotion to spotlight benefits of partnering with Hong Kong to tap Asia opportunities
The Hong Kong Trade Development Council (HKTDC) is set to conduct its mega promotion campaign, Think Business, Think Hong Kong (TBTHK), in Jakarta on 8 January.
The full-day symposium, set to take place at Shangri-La Jakarta, will bring together business leaders from Hong Kong and Indonesia. More than 20 government representatives and business leaders will speak about the latest developments and opportunities in Asia and across diverse sectors, including finance, smart city, sustainability, transportation, innovation and technology (I&T) and more. Over 1,000 participants, including Indonesian government officials and business leaders from large corporations and SMEs, are expected.
TBTHK aims to showcase Hong Kong, a resilient business and investment hub, as an ideal springboard for Indonesian businesses to access new opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), as well as the wider China and Asia markets.
Ronald Ho, HKTDC’s Regional Director of Southeast Asia and South Asia, said at a press conference in Jakarta, “Hong Kong’s strategic location as an international financial, fundraising and investment hub and as the gateway between Mainland China and the rest of the world presents immense opportunities for Indonesian businesses seeking to expand in the GBA and Mainland China. We look forward to connecting businesses with opportunities at TBTHK in Jakarta on 8 January.” He continued, “the Hong Kong SAR Chief Executive led a delegation organised by the HKTDC last year to ASEAN, including Indonesia, which resulted in the signing of 15 MoUs. The TBTHK promotion will build on that previous success to further promote business cooperation between Indonesia and Hong Kong.”
Event Highlight In addition to the symposium, some 20 Hong Kong service providers and start-ups will feature their flagship products and solutions in the exhibition’s Business Support Zone and InnoVenture Salon to create opportunities for collaboration with Indonesian participants.
A delegation of some 100 senior executives, innovators, start-ups and professional service providers from various service sectors – including I&T, infrastructure and transportation – will explore business opportunities in Indonesia through company visits, networking events and business matching meetings.
A high-level gala dinner, during which Hong Kong and Indonesia business leaders will have the opportunity to further engage in dialogue and network, concludes the day’s events.
Indonesia-Hong Kong strong ties As the largest country in Southeast Asia, Indonesia is an important partner for Hong Kong. Economically, Hong Kong and Indonesia have seen their trade and investment ties deepen over the past decades. In 2023, Indonesia was Hong Kong’s 6th largest trading partner among ASEAN member states.
Regarding bilateral investment, at the end of 2023, Hong Kong was Indonesia’s 6th largest investor, after Singapore, Japan, the US, the Netherlands and Mainland China, with a total FDI stock of US$17,253 million. In the same year, Hong Kong was Indonesia’s 2nd largest source of FDI, after Singapore, with a FDI flow of US$3,769 million.
Presenting Hong Kong as an Ideal Business Partner Hong Kong has consistently ranked high on economic freedom and competitiveness. Its institutional strengths, including its free trade and investment regimes, a simple and low tax system and free flow of capital and goods offer a favourable business and investment environment.
As a major business and trading hub in Asia, the city boasts excellent connectivity to the rest of Asia, with half of the world’s population within a five-hour flight. The new three-runway system at Hong Kong International Airport will significantly enhance passenger and cargo capacity, further solidifying its status as an international aviation hub. With Mainland China at its doorstep, Hong Kong serves as a gateway to this vast market, acting as a super connector between China and the world. Home to numerous international logistics firms and experienced supply chain service providers, Hong Kong can address the needs of ASEAN businesses.
ASEAN countries can leverage Hong Kong’s status as a premier international finance and business centre to raise funds and attract investment for developing smart cities, advancing the manufacturing sector and enhancing sustainability initiatives. As the largest offshore RMB market, the city provides robust infrastructure for efficient clearing and settlement of cross-border transactions. Its supportive regulatory environment fosters innovation and collaboration among ASEAN nations, promoting economic integration and offering diverse options for trade settlement. Through strategic partnerships with central banks, Hong Kong is ideally positioned to facilitate the growth of local currency usage, strengthening trade and investment across the region.
With its strategic location as a finance, fundraising, and investment hub, combined with its role as superconnector, Hong Kong presents immense opportunities for Indonesian businesses seeking to expand into the GBA, Mainland China, Belt and Road countries and the wider Asia market.
HKTDC’s Communication & Public Affairs Department: Snowy Chan Tel.: (852) 2584 4525 Email: snowy.sn.chan@hktdc.org
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“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 make progress in testing with companies in multiple industries for the use of THERMAL-XR® in their products, including on heat sinks for electronics. Figure 1 shows an aluminium heat sink that is commonly used in electronics for removing heat from printed circuit boards, electrical circuits and processing silicon chips, and that has been coated with THERMAL-XR®.
HEAT SINK MINIATURISATION:
Third-party verified modelling demonstrates that applying THERMAL-XR® to a heat sink could reduce its size by up to 39%, while maintaining equivalent thermal performance, offering the potential for weight and material cost savings. Figure 2 shows that the maximum temperature reached by a heat sink coated with THERMAL-XR® is 62 degrees centigrade, 23% lower than the maximum temperature of 80 degrees Celsius reached by a heat sink of equal size that has not been coated with THERMAL-XR®. Figure 3 shows that a heat sink coated with THERMAL-XR® that is 39% smaller in terms of width achieves the same performance as a heat sink that has not been coated with THERMAL-XR®.
Global Printed Circuit Board (PCB) production is projected[1] to reach 530 million square meters annually by the year 2030, or about 5.3 trillion printed circuit boards. As PCB density increases, higher current loads lead to more heat, with 5.2 billion units expected to require heat sinks for cooling. THERMAL-XR® coated on the heat sinks, enhances the heat sink efficiency, enabling smaller heat sinks and more compact PCB assemblies. The total amount of THERMAL-XR® that could be used for this application to improve performance is 26.5 million litres per annum by 2030, assuming 0.1% will use the coating.
GMG’s Managing Director and CEO, Craig Nicol, commented: “Heat sinks are a critical component of modern electronics, but they come with various challenges, especially as devices become smaller, faster, and more powerful. GMG’s THERMAL-XR® offers a potential solution in heat sink miniaturization, enabling up to 39% size reduction while maintaining thermal performance. This has the potential to not only cut material costs but also unlock new opportunities for compact and efficient electronics designs, addressing the rising thermal management demands of the global printed circuit board market.”
About THERMAL-XR® powered by GMG Graphene:
THERMAL-XR® COATING SYSTEM is a unique method of improving the thermal heat transfer of heat exchange surfaces. The process coats and protects heat exchange surfaces while increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.
THERMAL-XR® is powered by GMG Graphene. PATENT PENDING
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating), lubricants and fluids.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
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.
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 progression of testing and sales of THERMAL-XR® in multiple industries, the benefits of using THERMAL-XR® on heat sinks, the projected growth of PCB production, and the number of PCBs which will require heat sinks in the future.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will continue to receive interest in testing and buying THERMAL-XR® from multiple industries, that the use of THERMAL-XR® on heat sinks will result in the benefits expected by management, that the use of THERMAL-XR® will allow heat sinks to be smaller while delivering equivalent thermal performance, that PCB production will grow as currently projected, and that the number of PCBs requiring heat sinks in the future will align with current estimates. 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 to receive interest in testing and purchasing THERMAL-XR® from multiple industries, that THERMAL-XR® will not have the expected benefits when applied to heat sinks, that the size of heat sinks will not be reduced, that PCB production will not grow as expected, that PCBs will not require heat sinks in the future, that THERMAL-XR® coated heat sinks will not enable more compact printed circuit board assemblies, that there will not be demand for THERMAL-XR® in the heat sink market, 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.
[1] Areas of PCB production projected from the source, Prismark Printed Circuit Board Market Report 2021, page 13
Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that THERMAL-XR® has been awarded ‘Product of the Year’ during the AIRAH 2024 Awards that took place on Thursday, November 21st, 2024 in Melbourne, Australia. The AIRAH Awards celebrate outstanding achievements from across Australia’s HVAC&R building services industry.
GMG’s Managing Director and CEO, Craig Nicol, commented: “We are truly honored that THERMAL-XR® has been recognized with the Product of the Year Award at the AIRAH 2024 Awards. This achievement is a direct result of the dedication and innovation of our team, and it reinforces our commitment to advancing energy efficiency and sustainability in the HVAC industry. We believe THERMAL-XR® represents the future of high-performance solutions, and we are proud to contribute to a more sustainable and energy-efficient world.”
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.
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 ENHANCE® is powered by GMG Graphene. PATENT PENDING
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating), lubricants and fluids.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
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.
Technology leader in providing turnkey, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD (“Genetec” or the “Company”), announced its financial results for the first quarter of its new financial year (“Q1FY2025). Despite the lower Year-on-Year (“YoY”) revenue, Genetec showcases its resilience with the continued profitability and high-double digit margins.
The Company recorded revenue of RM40.2 million and gross profit (“GP”) of RM7.3 million for its Q1FY2025 ending 30 September 2024. It also reported profit before tax (“PBT”) of RM4.4 million, profit after tax (“PAT”) of RM4.1 million and profit after tax and minority interest (PATAMI) of RM4.8 million. Genetec continues to maintain double-digit margins for its GP, PBT, PAT and PATAMI of 18.2%, 10.9%, 10.2% and 11.9%, respectively.
Genetec acknowledged that the last quarter has been challenging for the business which it believes was mainly attributed to policy uncertainties from the client’s operating markets. With the conclusion of the U.S. Presidential election and European policy developments, particularly on inflation, import tariffs, and decarbonisation, there is a sense of relief and clarity, and companies are moving forward with their capital expenditure with greater certainty.
The Company, leveraging its expertise in customised automation technology and project execution, continue to work closely with its clients to deliver tailored solutions aimed at enhancing manufacturing automation, improving efficiency and increasing production yield for its clients. With its strong track record, Genetec is confident in its ability to continue to build trust and secure recurring business from its clients. Its high client retention rate stands as a testament to its exceptional performance and has been a key factor in the Company’s success. This strong foundation enables the Company to broaden its scope and product offerings with other divisions within the organisation of its existing clients to grow revenue over the long-term. At the same time, the Company’s business development team continue to explore new opportunities in new markets and industries, leveraging on its extensive experience and proven success working with leading international and reputable clients.
Genetec’s Battery Energy Storage System (“BESS”) business is slowly gaining traction as it executes smaller-scale but strategically significant projects in both domestic and international markets. The Company remains confident that its execution capabilities and international track record will position Genetec favourably. Market developments such as the government’s recently announced Corporate Renewable Energy Supply Scheme (CRESS) through interest in pairing BESS technology with solar projects, will also support demand for BESS moving forward, and is a step in achieving 70 percent renewable energy in the capacity mix by 2050[1].
Moving forward, Genetec remains committed to its strategy and focus on operational efficiency, strict cost management. With its low gearing levels and recent sale of subsidiary CLT Engineering Sdn Bhd to add to its already strong cash position, Genetec is positioning itself to ramp up operations in the coming months.
About Genetec Technology Berhad
Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104). Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for its global customers in the Electric Vehicle (EV), Energy Storage, Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors.
Kyle Poyta named Chief Commercial Officer at Formerra.
