Graphene Manufacturing Group Ltd. (TSXV:GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that in connection with the annual general meeting of the company’s shareholders (the “Meeting”), that was held both virtually and in person on November 25th, 2024, the following voting results were obtained.
A total of 40,947,619 common shares representing 42.31% of the Company’s issued and outstanding common shares were voted in connection with the Meeting. At the Meeting, shareholders re-elected four current directors: Craig Nicol, Jack Perkowski, Bob Galyen and Andrew Small. Shareholders also voted in favour of the other items of business considered at the Meeting, which included the renumeration and appointment of BDO Audit Proprietary LTD. and the approval of the Company’s 10% stock option plan.
During the annual general meeting, Jack Perkowski, Chairman of GMG, and Craig Nicol, Managing Director and CEO, delivered a corporate update for shareholders in attendance. For a replay of the presentation, please click the link provided below.
GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.
For further information, please contact: Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
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.
SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVAL The Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical – ACMV – Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP – please see the attached link: https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978.
The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore’s national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project’s Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.
The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products’ sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments’ Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council’s rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations – Type I environmental labelling.
Analysis of your product’s sustainability performance by experts and certification by a credible source
Opportunity and insight into how to further develop your products to be more sustainable
Greater awareness of your product for use in our current and future buildings
FOR DESIGNERS/ SPECIFIERS:
An overview of products that are certified sustainable
An understanding of how a product stacks up against others in terms of their sustainability performance
Easier decision-making when choosing more sustainable products
FOR BUILDERS/ OWNERS:
An overview of products that are certified sustainable
Data around the environmental properties of the products you use
A unique selling point for your building projects
FOR TENANTS/ OCCUPANTS:
An understanding of how sustainable the spaces you live and work in are
Health benefits of living/working in a greener building
Once a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council’s website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.
USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADE
GMG and Nu Calgon have submitted a Pre-Manufacture Notice (“PMN”) in conjunction with its USA Environmental Protection Agency’s (“EPA”) application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.
GMG’s Managing Director and CEO, Craig Nicol, commented: “The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner.”
GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well.”
About THERMAL-XR® powered by GMG Graphene:
THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.
THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING
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 receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA’s approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. 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 EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA’s approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, 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.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the launch of SUPER G®, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.
SUPER G® is a graphene slurry which has been developed by GMG over the last 3 years for GMG’s own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.
The Graphene comes from GMG’s self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer’s lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.
GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.
Exceptional Performance Confirmed by Oxford University
A recent study conducted by Oxford University has confirmed the exceptional performance of GMG’s SUPER G®. Key findings include:
SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.
Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)
SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.
Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing
Unlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.
Figure 4: Nyquist Plot of EIS Response – Calendared vs. Uncalendared SUPER G®
Table 1 shows SUPER G® in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for SUPER G® including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.
Property
Standard Industry Lithium-Ion Battery Carbon Additive
GMG SUPER G®
Bulk Density
0.12-0.25 g/cm³
0.3-0.4 g/cm³
Surface Area
~60 m²/g
250 m²/g
Typical Loading in Electrode
2-5 wt%
0.5-2 wt %
High-Rate Performance
Standard application
Excellent for very high-rate applications
Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity Additive
GMG’s Graphene has been found to increase rate tolerance of lithium-ion batteries – which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.
About GMG:
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating), lubricants and fluids.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
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 SUPER G® to be an additive to improve Lithium-Ion Batteries.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.
Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government’s Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year’s R&D application, was deposited in full into the Company’s bank account. As at November 1, 2024, the Company’s cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry’s R&D Tax incentive scheme has played a vital role in supporting GMG’s ongoing research and development.
The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.
GMG’s CEO Craig Nicol stated, “The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives.”
GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products.”
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, statements regarding the Company’s new operating model, future cost reductions, and the Company’s focus on the sale of its energy saving products.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company’s focus will remain on growing the sales of its energy saving products.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
The South Africa Manufacturing Show, which will be held on November 21, 2024 at Qurtuba Convention Centre, Johannesburg, is proud to present its annual list of distinguished leaders in manufacturing, curated through a thorough process that includes nominations, direct applications, insights from our database, interviews, company websites, and various public sources.
These exceptional leaders are united by their passion and steadfast dedication to making a meaningful impact. They are driving change across various domains, spearheading initiatives in operational excellence, resource management, and cross-functional collaboration.
Meet the BFSI50 winners:
1. Jared Bishop, Plant Director, Ariston Group. 2. Lorraine Hill, Group Chief Operations Officer, Aspen Pharmacare Holdings. 3. Lihle Mbatha, Head of Information Technology, Barloworld Equipment. 4. Teheli Mpho Morabe, Chief Operations Officer, Manganese Metal Company (Pty) Ltd. 5. Pandelani Reuben Munyai, Group Chief Information Officer, Transnet SOC Ltd. 6. Mashikara Magomane, Procurement Vic Operations Director Bu South, Ab Inbev (Sab). 7. Premkumar Murugesan, Head of Plant, Adventure Automotive. 8. Sne Dlamini, Vice President: Technology And Digital, AECI. 9. Deon Labuschagne, Technical Director, Aerosud. 10. Mitesh Takoordeen, Chief Information Officer, African Rainbow Minerals Limited. 11. Louise Van Der Bank, Chief Information Officer, AfriSam. 12. Vijay Kumar, Head of Supply Chain, Anglo American. 13. Neeren Moodley, Chief Information Officer, Ardagh Group. 14. Yi-Ting Cheng, Head of Demand and Supply, Aspen Pharmacare. 15. Deshen Naidoo, Area Head Of Supply Chain, British American Tobacco. 16. Alessandaro Alunni, Operations Director, Danone. 17. Phathutshedzo Mathivha, Group Head IT, Bushveld Minerals. 18. Ms Maretha Gerber, Group CEO and President, Daimler Truck Southern Africa. 19. Zanyiwe Martins, Head of IT Operations, Diageo. 20. Shalin Naidoo, Chief Information And Technology Officer, Drdgold Ltd. 21. Gcobisa Mashegoana, Head Of Procurement And Supply Chain – Generation, Eskom Holdings Soc Ltd. 22. Sithembile Songo, CISO, Eskom Holdings Soc Ltd. 23. Wendell Frank, Interim Operation Director and Head of Engineering, Givaudan, South Africa. 24. Renaldo Jack, Group Head of CyberSecurity, Globeleq. 25. Gareth Sieberhagen, Head Of Information Technology, In2food. 26. Werner Leithgöb, IT Director, Lactalis South Africa. 27. Arnold Reddy, Head of Supply Chain And Logistics, Mahindra South Africa. 28. Moosa Jogee, Head of IT, MAN Automotive. 29. Nikhil Naidoo, Manufacturing Director, Microtronix South Africa. 30. Shaun Rampursad, Operation Director, Microtronix South Africa. 31. Wayne Hempel, Head: Technology, Innovation And Systems, Minopex. 32. Brian Bownass, Head of ICT, Moolmans South Africa. 33. Annuska Botha, Head Of Procurement, Moolmans South Africa. 34. Ané Marx, Head of IT, Neopak. 35. Nitesh Singh, Operations Director, Neopak. 36. Mrs Lethabo Tsatsi, Supply Chain Director, Pepsico. 37. Henny Schlebusch, Regional CIO: EMEA, Rhenus Logistics. 38. Kamalasen Govender, Chief Technology Officer, Rosond. 39. Ishaaq Jacobs, Chief Cyber Security Officer (CISO), Sasol. 40. Theven Naicker, Head IT, Scania South Africa. 41. Alex Fenn, Vice President of Innovation and Technology, Sibanye-Stillwater. 42. Agreepa Neduvhuledza, Chief Operating Officer, Skyworth Green Energy. 43. Bezuidenhout Waldo, Project Director, South 32. 44. Brain Monakali, Director of Energy, South 32. 45. Ajay Bachulal, Manufacturing Director, Tiger Brands. 46. Zoe Ogbeifun, Head of Logistic and Distribution, Transnet Engineering. 47. Duke Mathebula (MBA), Chief Information Officer, Trident Steel Africa. 48. Phahle Phalane, Vice President of Supply Chain, Unilever. 49. Menzi Sithole, Head of Information Technology, Unilever Africa. 50. Sahani Chirwa, Information Technology Head & Infrastructure Lead – Southern Africa, Wilmar International. 51. Takalani Lende, Supply Chain Head, Wilmar International. 52. Kobus Peens, Chief Operating Officer, Inviso Group (Groupe SMTP). 53. Basetsana Bame Modimogale, Country Lead: Modern Trade for South Africa, Coca-Cola Beverages South Africa. 54. Shantell Mackay, Group Head of Procurement, Foskor. 55. Ntsako Baloyi, Head Of Sustainability, Coca-Cola Beverages South Africa. 56. Adrien Ruau, Head of Procurement – Africa, ENGIE South Africa. 57. Vaibhav Merhoye, Head Of Supply Chain, Adcock Ingram Critical Care. 58. Lufuno Ramafola, Head of Procurement, Trysome Auto Electrical Engineering (Pty) Ltd. 59. Mukondeleli Netshikulwe, SSA BU Procurement Director, Mondelēz International. 60. Moses Lubisi, Manufacturing and Technical Director, Coca-Cola Beverages South Africa. 61. Yugen Reddy, Director of Operations, Westfalia Fruit.
Connect with manufacturing leaders to explore digital transformation, industry trends, and emerging technologies at the South Africa Manufacturing Show.
For more information about the 26th South Africa Manufacturing Show and The Manufactring50 awards, click on the Link.
Influenced by the easing cycle of overseas central banks and the continuous release of positive policy signals from the Mainland, investor sentiment in the Hong Kong stock market had markedly improved. The IPO market has also recovered significantly. Recently, large-scale IPOs and “A + H” shares in Hong Kong have emerged one after another and won the favor of investors. On November 8, Hong Kong stocks welcomed another high-quality new stock, AuGroup (HKG: 2519), which officially landed on the Hong Kong Stock Exchange, becoming the “first share of furniture going overseas” in Hong Kong stocks.
According to public information, AuGroup is the world’s leading cross-border e-commerce segment leader, specializing in quality furniture and home furnishings. In terms of GMV in 2023, the Company ranked first in the B2C overseas e-commerce market for furniture and home furnishings by China-based sellers; and ranked fifth in the global B2C e-commerce market for furniture and home furnishings. In this IPO, the Hong Kong public offering of AuGroup was oversubscribed by 17.7 times, with a final offering price of HK$ 15.600.
Deeply Rooted in Furniture and Home Furnishing Cross-border E-commerce Track, with Multi-category and Multi-brand Development Promoting Sustained Growth AuGroup’s strategy is to focus on the furniture and home furnishings market, one of the fastest growing B2C e-commerce market segments with low return rate. Relying on its strong supply chain capability and comprehensive logistics layout, AuGroup is able to rapidly develop diversified, high-quality products with competitive prices to continuously meet the ever-changing market demand. As a result, it has rapidly established a strong market influence in the furniture and home furnishings market.
At present, AuGroup has owned many exclusive brands such as ALLEWIE, IRONCK, LIKIMIO, SHA CERLIN, HOSTACK and FOTOSOK, which are popular in the global market. In 2023, 11 of the Company’s brands each had over RMB100 million in GMV. According to Frost & Sullivan, the Company ranked first in six categories in terms of GMV on the Amazon U.S. site in 2023. The Company had a market share of over 10% in ten categories on the Amazon U.S. site in terms of GMV in 2023.
It is worth mentioning that, benefiting from diverse offerings, brand equity and strategic market positioning, AuGroup has been able to maintain long-term competitiveness in the unpredictable market, and its risk-resistant capability has been continuously strengthened. In the case of the Amazon Incident, for example, after the loss of results in 2021, AuGroup recovered rapidly from the market impact, with revenue increasing by 22.3% and net profit increasing by 133.1% year-on-year in 2023. In the first four months of 2024, the Company continued its strong rebound trend, with revenue increasing by 16.9% and net profit increasing by 96.2% year-on-year.
Building Global Warehousing and Logistics Capabilities and Opening up the Second Growth Curve In the field of cross-border e-commerce, logistics is one of the core competitiveness, which is related to cost, efficiency and commodity safety. With years of accumulated industry expertise, AuGroup has established a global multi-tiered warehousing and logistics network that is tailored to medium-to-large goods through Shenzhen Westernpost, and developed proprietary logistics solution management systems to manage and optimize all key stages of the logistics chain, effectively tackling the pain points of high costs and long delivery times associated with logistics solutions for medium-to-large goods.
Through self-built logistics, combined with third-party logistics solutions and e-commerce platform logistics services, AuGroup is able to effectively reduce the cost of logistics by using flexible delivery options according to diverse shipping needs. In 2021, the ratio of cost of sales to revenue of the Company was 79.1%, and in 2023, the ratio dropped to 65.5%.
In addition to providing logistics services to its own e-commerce business, AuGroup also provides logistics solutions globally under the pre-sale stocking model to customers, including domestic consolidation in China, first-mile international freight services, overseas transit, overseas warehousing and order dispatch, to further broaden revenue sources and enhance profitability. From 2021 to 2023, the Company’s revenue from logistics solutions increased from RMB490 million to RMB1,653 million, representing a CAGR of 83.7%, and its revenue share increased from 5.4% to 19.0%. In the first four months of 2024, the revenue from logistics solutions reached RMB583 million, representing a year-on-year increase of 66.8%, and the revenue share further increased to 20.6%, which has formed the second growth curve of the Company.
Thanks to the gradual optimization of cost structure and diversified revenue sources, the profitability of AuGroup continues to rise. From 2021 to 2023, the Company’s gross profit margin increased from 20.9% to 34.5%, representing an increase of 13.6 percentage points.
In terms of industry development, the rapid development of digital economy, the change of consumers’ consumption habits and the rise in the demand for cost-effective furniture and home furnishings will drive the global furniture and home furnishings market to continue to grow rapidly in sales through online channels. As a leading enterprise in the industry, with its own supply chain advantages and global warehousing and logistics capabilities, AuGroup is expected to seize the development opportunities of the industry and promote the continuous growth of its furniture and home furnishing business and logistics solutions. Its performance after listing is worth looking forward to.
Groundbreaking industry news: Catering to the industry’s need for fast growth and flexible production
SIG, a leading packaging solutions provider, announced the expansion of its SIG Neo filling machine portfolio, featuring the world’s fastest and most flexible aseptic carton filling machine for multi-serve formats. With the debut presentation of SIG Neo Slimline 15 Aseptic at Gulfood Manufacturing in Dubai, held from November 5-7, SIG launched another cutting-edge filling machine for multi-serve aseptic carton packs, capable of filling up to 15,000 SIG SlimlineBloc packs per hour – a 25% increase in output compared to SIG’s standard filling machines for family-sized formats.
(Photo: SIG)
As food and beverage manufacturers face an increasing need for high output and flexibility, TCO-improved, and sustainable options, the SIG Neo technology platform offers groundbreaking solutions. The new SIG Neo Slimline 15 Aseptic machine not only accelerates production speed, but also maintains a compact footprint, making it an ideal solution for producers looking to increase capacity without costly facility expansions. In an industry where floor space is at a premium, flexibility and quality are essential and the total cost of ownership is a priority, SIG’s ability to significantly boost output per square meter is a game-changer.
The SIG Neo technology represents a major leap forward in filling machine innovation. Designed to meet the evolving needs of the F&B sector, it enables manufacturers to seamlessly switch between 1L, 750mL and 500mL packaging volumes, products from multiple categories and packaging materials.
“With the SIG Neo platform, we’re addressing key industry challenges,” said Christoph Wegener, Chief Markets Officer at SIG. “Our customers are seeking higher production capacity, improved efficiency, and the ability to adapt to changing consumer trends. The SIG Neo Slimline 15 Aseptic delivers uniquely on all these fronts. It offers the industry-leading waste rate of less than 0.5%, smart digitalization in operations, and up to 15% reduced Total Filling Costs compared to SIG’s standard filling machines for multi-serve aseptic cartons. With this top-tier performance, we enable our customers to scale up their filling line capacity to up to 70 million packs per year. Of course, our SIG Neo filling machine portfolio is designed to run our SIG Terra suite of even lower carbon aseptic carton packaging materials.”
Additional features of the SIG Neo Slimline 15 Aseptic filling machine include the state-of-the-art SIG Neo HMI (Human-Machine Interface) for intuitive operation and to generate smart insights on the filling machine’s performance. Added to this is SIG Neo Shield for enhanced sterile airflow and shielding during bottom sealing and pre-folding making it possible to remove up to 95% particles from the air, leading to top quality and extended production cycles. Furthermore, semi-automatic cleaning capabilities will be included on the SIG Neo platform providing superior cleaning results and shorter downtime.
Gavin Steiner, Chief Technology Officer at SIG: “As the food and beverage industry continues to evolve, SIG is setting a standard for fast, flexible, and sustainable filling technology. The SIG Neo Slimline 15 Aseptic is a testament to SIG’s commitment to innovation, helping manufacturers achieve growth, efficiency, and quality like never before. This is particularly interesting for manufacturers who want to grow fast – even with limited space. I am proud of the SIG team, who have succeeded in developing a ground-breaking technology that meets the industry’s need for rapid growth and flexible production.”
Going forward, SIG plans to bring these cutting-edge SIG Neo technology advancements to further aseptic carton filling machines for even more packaging formats in both its multi-serve and single-serve portfolio.
About SIG SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.
Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.
For insights into trends that drive the food and beverage industry, visit the SIG blog.
Picture caption: SIG announced the expansion of its SIG Neo filling machine portfolio, featuring the world’s fastest and most flexible aseptic carton filling machine for multi-serve formats. With the debut presentation of SIG Neo Slimline 15 Aseptic at Gulfood Manufacturing in Dubai, held from November 5-7, SIG launched another cutting-edge filling machine for multi-serve aseptic carton packs, capable of filling up to 15,000 SIG SlimlineBloc packs per hour – a 25% increase in output compared to SIG’s standard filling machines for family-sized formats.
Photo: SIG
Your contact for media inquiries: PRecious Communications for SIG Email: sig@preciouscomms.com
Container shipping-related businesses experienced strong growth in both demand and supply
Offshore engineering business achieved new breakthroughs in expansion
Result Highlights 01.In the first three quarters of 2024, the operating revenue of the Group was RMB128.971 billion, increased 35.58% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company amounted to RMB1.828 billion, increase 268.87% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB1.692 billion, increased 40.34% year-on-year.
02.Demand and supply for container shipping-related businesses remained robust, with the cumulative sales volume of standard dry containers in container manufacturing increasing by 421.78%; core product lines in logistics services achieved year-on-year growth in both volume and price.
03.For marine engineering business revenue increased by 77.75% year-on-year. New orders that have taken effect in the first three quarters increased by 121% year-on-year to USD 3.25 billion, setting a record high in the order history. For the first time, it broke through product types and won FLNG modification package orders.
China International Marine Containers (Group) Co., Ltd. (CIMC Group or the Group, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited third-quarter results for the nine months ended 30 September 2024 (the Period).
In the first three quarters of 2024, CIMC Group’s overall operating performance accelerated, with revenue increased by 35.58% year-on-year to RMB 128.971 billion (RMB, the same below) (2023 Q3: RMB 95.124 billion). Net profit attributable to shareholders and other equity holders of the Company was RMB 1.828 billion (2023 Q3: RMB 496 million), a year-on-year increase of 268.87%. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB 1.692 billion (2023 Q3: RMB 1.205 billion), a year-on-year increase of 40.34%. From a single quarter perspective, CIMC Group’s net profit attributable to shareholders and other equity holders of the Company increased by 891.78% year-on-year to RMB 962 million in the third quarter, and the net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss increased by 280.89% to RMB 871 million.
In the container manufacturing business, it saw a significant year-on-year increase in production and sales volume. The cumulative sales volume of standard dry containers increased by 421.78%. The demand of global container trade picked up in the first three quarters of 2024. In response to the risk of container shortage brought about by these uncertain events such as the prolonged Red Sea conflict and port strikes, customers had stronger willingness to reserve containers. As a result, during the the first three quarters of 2024, the production and sales volume of the Group’s container manufacturing business witnessed a significant year-on-year increase. In particular, the accumulated sales volume of dry containers reached 2,486,300 TEUs (same period in 2023: 476,500 TEUs), representing a year-on-year increase of approximately 421.78%. The accumulated sales volume of reefer containers reached 93,400 TEUs (same period in 2023: 80,100 TEUs), representing a year-on-year increase of approximately 16.60%. According to the prediction made by CLARKSONS, in September 2024, the growth of global container trade will significantly increase from 0.7% in 2023 to 5.2% in 2024, and in 2025, the global container trade is expected to see a further growth of 2.8%.
In the marine engineering business, as new orders entered the construction period successively, the offshore engineering business of the Group recorded a year-on-year increase of 77.75%. In the first three quarters of 2024, the amount of effective new orders increased by 121% year-on-year to USD 3.25 billion, hitting a record high in order values and making breakthrough in product type for the first time by winning a packages order for FLNG modification. The accumulated value of orders on hand increased by 42% to USD 7.4 billion. Among which the proportion of oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. Due to local war and the slowdown of global new energy transformation, international oil prices remained high, the offshore engineering equipment market continued its recovery.
In the airport facilities and logistics equipment, fire safety and rescue equipment business, the Group is striving to explore more new pathways for business development with national economic stimulus measures contributing to a year-on-year increase in new orders for the first three quarters. The Group achieved a year-on-year increase in revenue and profit due to the increased number of projects which have passed inspection and acceptance and have been delivered as compared to the same period last year. Following the establishment of a project company to develop ground power services for civil aviation in the middle of the year, CIMC Tianda is striving to explore more new pathways for business development by venturing into new areas that have synergistic effect with airport facilities and fire safety businesses, thus promoting diversification and long-term sustainable development of business.
In the logistics services business, both revenue and profitability index experienced significant year-on-year growth, with core product lines achieving increases in both business volume and price. Following the global expansion strategy of Chinese enterprises closely, the Group’s logistics services business deeply focused on customer-specific needs, deepened organizational integration to support the theme of high-quality development, and targeting overseas markets such as the United States and Southeast Asia, while enhancing its “digital intelligence” capabilities. In the third quarter, the Group further expanded sea freight service chain. Focus was put on advancing air freight routes connecting Central Asia and product offerings for European lines was further expanded. The Group integrated internal specialised land transport resources to establish a land transport company to carry out external operations in a unified way.
For road transportation vehicle business, the Group sold a total of 94,749 vehicles in the global market, achieved revenue of RMB15.823 billion, representing a year-on-year decrease of 19.14%. In the domestic market, the growth of the logistics and transportation sector slowed down, putting pressure on the terminal market of commercial vehicles. However, thanks to the comprehensive implementation of the “StarLink Project”, the overall domestic vehicle sales have seen a commendable increase year-on-year against the trend. In the overseas market, as the demand for semi-trailers in North America returned to a normal level, the sales of semi-trailers in North America declined year-on-year in the first three quarters; demand in the European semi-trailer market decreased with affected by the fluctuation in shipping supply chain of European routes. CIMC Vehicles actively advanced supply chain restructuring and business synergistical integration in Europe while actively exploring new customers in other overseas markets at the same time. In particular, the Australian operations maintained a growth trend.
In the energy, chemical and liquid food business, CIMC Enric steadily achieved an overall revenue growth of 8.0% year-on-year to RMB17.969 billion. As of the end of September 2024, CIMC Enric’s overall orders on hand amounted to approximately RMB27.732 billion, representing a year-on-year increase of 25.2%. The accumulated new orders signed in the first three quarters amounted to RMB20.761 billion, representing a year-on-year increase of 5.1%. In 2024, both apparent consumption and imports of domestic natural gas increased, driving significant growth in both offshore and onshore clean energy businesses. The revenue of the clean energy segment soared by 26.2% year-on-year to RMB12.599 billion in the first three quarters of 2024. The chemical and environment business modestly recovered amid the gradual improvement in global demand for chemical tank containers. The segment registered a quarter-on-quarter revenue increase of 21.5% in the third quarter. The orders on hand of the liquid food segment was ample and the business revenue increased steadily in the first three quarters of 2024.
The management of the Group stated, “Although the recovery of the world economy faces challenges, the Group has overcome difficulties in 2024 amid a rebound in global container trade demand, and the recovery of the offshore engineering market, striving to maintain stability while improving quality. Core business orders were strong, and overall profitability has improved. Looking ahead, the Group will continue to strengthen its global layout strategy, consolidate the foundation of its global operating platform, seize key opportunities in productivity and technological innovation, and continue to create new value and momentum to achieve high-quality growth goals.”
About China International Marine Containers (Group) Co., Ltd. The CIMC Group is a world leading equipment and solution provider in 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 3 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 RMB127.81 billion, with gross profit margin remained at 13.77% and net profit of RMB 1.863 billion. The Group was ranked 170th in the Fortune 500 China 2023. For more information, please visit http://www.cimc.com/.
Formerra, a leader in performance materials distribution, announced today that it has been named a Platinum Partner in H.B. Fuller’s Channel Partnership Program. This partnership positions the company to lead distribution efforts for H.B. Fuller’s Cilbond® adhesives across North America and builds on over a decade of distribution success at Suministro de Especialidades (Suministro), a leading Mexican distributor acquired by Formerra in late 2023.
Cilbond serves a variety of industries, including automotive applications that require rubber-to-metal bonds, such as suspension bushings, engine mounts, and anti-vibration systems.
Suministro has played a pivotal role in advancing applications for Cilbond throughout Mexico. Formerra will complement this established relationship to deliver H.B. Fuller’s innovative Cilbond bonding agents to the broader North American market, offering a unique combination of technical expertise, sustainable solutions, and customer support. Combined with Formerra’s expansive reach, this will enable support for manufacturers in streamlining their processes and improving production.
The Cilbond product line offers specialized bonding agents that cater to Power Grid, Transportation, Industrial, Oil, Gas & Mining industries, and more.
Cilbond provides a variety of coating systems, ranging from the conventional two-coat system, known for its durability and bonding strength, to a cutting-edge one-coat system. Cilbond’s one-coat options deliver a streamlined solution, saving both time and cost for customers. With additional water-based options, Cilbond aligns with the growing demand for more sustainable products, enabling manufacturers to reduce their potential environmental impact without sacrificing performance.
“Our new relationship with Formerra marks a significant step forward in our North American growth strategy,” said Tim O’Neil, Managing Director at H.B. Fuller. “By combining Formerra’s strong portfolio of complementary materials and technical expertise with our innovative technology, we’re able to provide advanced solutions that meet the evolving needs of manufacturing customers. Together, we’re well-positioned to help them increase efficiency, reduce costs, and meet sustainability goals.”
“We’re confident that our deep technical capabilities, combined with Suministro’s proven track record, position us to maximize the potential of this partnership for both parties,” said Doug Zupan, Vice President of Operations at Formerra. “In bringing H.B. Fuller’s innovative bonding solutions to the rest of North America, we intend to deliver exceptional value and support to our customers.”
About HB Fuller
As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE:FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2023 revenue of $3.5 billion, our mission to Connect What Matters is brought to life by more than 7,000 global team members who collaborate with customers across more than 30 market segments in over 140 countries to develop highly specified solutions that enable customers to bring world-changing innovations to their end markets. Learn more at www.hbfuller.com.
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.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a technical update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.
PRODUCT TECHNICAL UPDATE THERMAL-XR® has now successfully passed 15,000 hours for corrosion protection under a salt sea spray industry standard test (ASTM B117) in a third-party laboratory in the US as seen in Figure 1. The Company believes that THERMAL-XR® is one of the longest lasting corrosion protection coatings available on the market. The testing will continue, and further reports will be updated by the Company.
Figure 1: THERMAL-XR® Coating Corrosion Test Results After 15,000 Salt Sea Spray Hours (ATM B117)
GMG can now accurately model and calculate the heat transfer rate expected from THERMAL-XR®, as compared to bare (uncoated) Aluminium, within 1% of actual results. This was reviewed and verified by the University of Queensland.
Figure 2 shows the simulation model used to calculate the heat transfer coefficients of bare aluminium, versus THERMAL-XR® coated aluminium, on the test rig that GMG built and operated to obtain the experimental data. The test was conducted at a temperature of approximately 100 degree Celsius.
Figure 2: Estimation of Heat Transfer of THERMAL-XR® coated aluminium versus bare aluminium
Through this work, as shown in Figure 3, the Company has demonstrated that THERMAL-XR® provides approximately 8.6 times more radiative heat transfer than bare aluminium, due to its thermal radiation (passing of heat in wave forms) capabilities. THERMAL-XR® has been calculated to provide 8.15 W/m2K (Watts per metre squared Kelvin degrees), or approximately 1.44 Btu/hr ft2 F (British thermal units per hour foot squared Fahrenheit degrees), of heat transfer when applied properly on top of bare aluminium, as compared to 0.95 W/m2K or 0.17 Btu/hr ft2 for bare aluminium.
Figure 3: Thermal Radiation calculations of THERMAL-XR® coated aluminium versus bare aluminium
Figure 4 shows THERMAL-XR® increases the overall heat transfer coefficient by 2.2 times more than bare aluminium, from 6.0 W/m2K up to 13.2 W/m2K because of the increase in the thermal radiation from the THERMAL-XR® coating. This was conducted at a temperature of approximately 100 degree Celsius for a 100mm diameter flat plate.
Thermal Coefficient (W/m2K)
Bare Aluminium
THERMAL-XR® Coated Aluminium
Thermal Radiation
0.95
8.15
Natural Convection (Air Cooling)
5.08
5.08
Total Heat Transfer
6.0
13.2 (2.2 Times)
Figure 4: NATURAL Convection Overall Thermal Coefficient of THERMAL-XR® versus bare aluminium
Figure 5 shows that THERMAL-XR® provides approximately 27% more heat transfer when including FORCED convection (fan air cooling) over bare aluminium from 26.6 W/m2K up to 33.8 W/m2K because of the increase in the thermal radiation from the THERMAL-XR® coating. This was conducted at a temperature of approximately 100 degree Celsius and with modelling of the air speed at an approximate 5 metres/second.
Thermal Coefficient (W/m2K)
Bare Aluminium
THERMAL-XR® Coated Aluminium
Thermal Radiation
0.95
8.15
Forced Convection (Fan Air Cooling)
25.71
25.71
Total Heat Transfer
26.6
33.8 (27% Increase)
Figure 5: FORCED Convection Cooling Overall Thermal Coefficient of THERMAL-XR® versus bare aluminium
GMG’s Managing Director and CEO, Craig Nicol, commented: “GMG continues to make good progress in testing THERMAL-XR® for corrosion protection and heat transfer – our increased understanding of the heat rejection rate of the product allows us to better recognise how it can be of potential value for various types of products in various applications and markets.”
GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into so many industries – so it is great to see the progress.”
About THERMAL-XR® powered by GMG Graphene:
THERMAL-XR® COATING SYSTEM is a unique method of improving the heat conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces increasing service life, while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.
THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING
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, that the Company will continue testing THERMAL-XR® and provide further updates, that increased understanding of THERMAL-XR® will allow the Company to better recognize how it can add value in various types of products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will continue to test THERMAL-XR® and provide updates, that an increased understanding of THERMAL-XR® will enable the Company to better identify how THERMAL-XR® can add value for various products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not continue testing THERMAL-XR®, that the Company will not provide further updates regarding THERMAL-XR®, that a better understanding of THERMAL-XR® will not allow the Company to better recognize how it can add value in various types of products in various applications and markets, that THERMAL-XR® testing in corrosion protection and heat transfer will not be highly translatable into many industries, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
