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<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/rss2full.xsl" type="text/xsl" media="screen"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/itemcontent.css" type="text/xsl" media="screen"?><rss version="2.0"><channel><title>ACN Newswire</title><link>https://www.acnnewswire.com</link><description>ACN Newswire press release news - Recent Press Releases</description><item><title>Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results</title><pubDate>Fri, 22 Nov 2024 19:56:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/TatHong.jpg" border="0" />HONG KONG, Nov 22, 2024 - (ACN Newswire) - Tat Hong Equipment Service Co., Ltd. (“Tat Hong” or the “Company”, together with its subsidiaries, the “Group”) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2024 (the “Period”).During the Period, the Group recorded revenue of approximately RMB340.9 million (2023: RMB358.6 million). Loss attributable to equity shareholders of the Company was RMB36.2 million (2023: RMB20.4 million). Such increase in loss was mainly attributable to the decrease in the average monthly service price of tower cranes per tonne metres (TM) in use from RMB225 toRMB208, thereby affecting the Group's revenue.Total tonne meters (TM) in use by the Group increased to 1,637,740 for the Period from 1,594,911 in the previous same period. As at 30 September 2024, the Group had 327 projects in progress with total outstanding contract value at approximately RMB444.6 million and 47 projects on hand with expected total contract value at approximately RMB235.1 million.For the six months ended 30 September 2024, global economic recovery had slowed down and the mainland China economic downward pressure had been significant. Due to insufficient market demand and decline in the average monthly tower crane service price per TM, market competition was intense for the construction machinery industry. To cope with the slow recovery of the domestic construction industry and the persistently weak macro economy, plus to boost future income, the Group had actively adjusted its strategies, restructured business layout and expanded business overseas during the Period.Responding to the national and international calls to promote green energy and support enterprises in accelerating transformation, the Group set up a Clean Energy Division in 2023 to focus on expanding clean energy businesses including nuclear power plants. At the same time, the Group had actively shifted to focus on thermal power plant projects. It expects revenue generated from these projects on hand to be reflected in its future results. With the new subsidiary in Guangzhou, the Group had deepened coverage in the Greater Bay Area. The Group also speeded up expansion in Indonesia, with a joint venture with a local partner in 2024 after years of careful strategic planning. With rich experience in operating business in Indonesia, the partner is expected to give the Group the support it needs to expand the Indonesian market.During the Period, the Group continued to expand its medium-to-large tower crane fleet. As at the end of the Period, it managed a total of 1,193 tower cranes, the second largest fleet in the PRC tower crane service market. With such a strong tower crane fleet, the Group has been able to focus on medium-to-large construction projects, providing them with comprehensive services with tower cranes that afford a wide range of lifting capacities. The considerable number of medium-to-large tower cranes the Group owns also give it advantage in bidding for larger and more complicated projects, and as such, allowing it to increase revenue from and the profit margins of future projects.Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd., said: "Recently, the Chinese government has introduced a comprehensive package of incremental policies to expand effective investment, stimulate consumption demand, attract investment, support industrial upgrade, ease  enterprises’ difficulties and issues, implement fiscal and financial measures, and stabilize the real estate market. It is evident that the country is increasing fiscal support and charting a clear course of recovery for all industries. Moreover, there is still strong demand in the domestic infrastructure and energy sector. That plus the fast-growing infrastructure markets in the Greater Bay Area and Southeast Asia have provided the Group with huge business development opportunities.”Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd., said: “The present pace of market recovery in China is sluggish, but with the new focus on high-quality growth, it is expected to gradually get back on track. We will keep our eyes on the fast-changing global market environment and adjust our operational and geographical strategies accordingly. At home in the PRC, we will seize the new opportunities brought by the rapid development of clean and green energy. Abroad, as the first foreign-funded tower crane service provider set up in the PRC, we will continue to take advantage of our brand reputation, rich industry experience, mature execution skills, profound technical strength and solid customer base to help us ‘go global’. With support from the ‘Belt and Road’ initiative and other policies encouraging enterprises to venture overseas, the Group will push to expand into more overseas markets.”About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, “Virtue, Safety and Excellence”, the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.<table style="width: 652px;" border="0" width="699" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 648px;" colspan="3" valign="top" width="699">Media Enquiries</td></tr><tr><td style="width: 648px;" colspan="3" valign="bottom" width="699">Strategic Financial Relations Limited</td></tr><tr><td style="width: 106.427px;" valign="bottom" width="123">Heidi So</td><td style="width: 153.927px;" valign="bottom" width="171">Tel:(852) 2864 4826</td><td style="width: 387.645px;" valign="bottom" width="406">Email: <a href="mailto:heidi.so@sprg.com.hk">heidi.so@sprg.com.hk</a></td></tr><tr><td style="width: 106.427px;" valign="bottom" width="123">Mel Lai</td><td style="width: 153.927px;" valign="bottom" width="171">Tel:(852) 2864 4855</td><td style="width: 387.645px;" valign="bottom" width="406">Email: <a href="mailto:mel.lai@sprg.com.hk">mel.lai@sprg.com.hk</a></td></tr></tbody></table> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94039/</link><guid>https://www.acnnewswire.com/press-release/english/94039/</guid><category>Daily News, Engineering</category><stock_tickers>HKG:2153</stock_tickers><summary>Tat Hong Equipment Service Co., Ltd. ('Tat Hong' or the 'Company', together with its subsidiaries, the 'Group') (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its interim results for the six months ended 30 September 2024 (the 'Period').</summary><featuredimage /></item><item><title>GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry</title><pubDate>Thu, 21 Nov 2024 21:29:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - November 21, 2024) -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.<a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg</a>Unleashing the Power of GrapheneSUPER 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 UniversityA recent study conducted by Oxford University has confirmed the exceptional performance of GMG's SUPER G®. Key findings include:<ol style="list-style-type: decimal;"><li>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.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"></a>Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg</a><ol style="list-style-type: decimal;" start="2"><li>SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg"></a>Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg</a><ol style="list-style-type: decimal;" start="3"><li>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.</li></ol><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"></a>Figure 4: Nyquist Plot of EIS Response - Calendared vs. Uncalendared SUPER G®To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg</a>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.<table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" border="0" cellspacing="0" cellpadding="3"><tbody><tr><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">Property</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">Standard Industry Lithium-Ion Battery Carbon Additive</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">GMG SUPER G®</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;">Bulk Density </td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.12-0.25 g/cm³</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.3-0.4 g/cm³ </td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> Surface Area </td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">~60 m²/g</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">250 m²/g</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> Typical Loading in Electrode </td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">2-5 wt%</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">0.5-2 wt %</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"> High-Rate Performance </td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Standard application</td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Excellent for very high-rate applications</td></tr></tbody></table> Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity AdditiveGMG'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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol>For further information please contact:<div id="contactInfo"><ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries.Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/arMbZFe5Rg">www.sedarplus.ca</a>.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.To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/2EW2VSRYVq">https://www.newsfilecorp.com/release/230859</a><img src="https://api.newsfilecorp.com/newsinfo/230859/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94024/</link><guid>https://www.acnnewswire.com/press-release/english/94024/</guid><category>Metals & Mining, Engineering, EVs, Transportation, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of SUPER G(R), a graphene slurry which can be used to enhance the performance of lithium-ion batteries.</summary><featuredimage /></item><item><title>GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R)</title><pubDate>Tue, 19 Nov 2024 21:09:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - November 19, 2024) - 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: <a href="https://api.newsfilecorp.com/redirect/zEzqqhOAYZ">https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978</a>.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.<a href="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpg</a>The benefits of SGBP Certification include:<ul style="list-style-type: disc;"><li>FOR PRODUCT SUPPLIERS:<ul style="list-style-type: circle;"><li>Analysis of your product's sustainability performance by experts and certification by a credible source</li><li>Opportunity and insight into how to further develop your products to be more sustainable</li><li>Greater awareness of your product for use in our current and future buildings</li></ul></li><li>FOR DESIGNERS/ SPECIFIERS:<ul style="list-style-type: circle;"><li>An overview of products that are certified sustainable</li><li>An understanding of how a product stacks up against others in terms of their sustainability performance</li><li>Easier decision-making when choosing more sustainable products</li></ul></li><li>FOR BUILDERS/ OWNERS:<ul style="list-style-type: circle;"><li>An overview of products that are certified sustainable</li><li>Data around the environmental properties of the products you use</li><li>A unique selling point for your building projects</li></ul></li><li>FOR TENANTS/ OCCUPANTS:<ul style="list-style-type: circle;"><li>An understanding of how sustainable the spaces you live and work in are</li><li>Health benefits of living/working in a greener building</li></ul></li></ul>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 MADEGMG 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 PENDINGAbout GMG <a href="https://api.newsfilecorp.com/redirect/4Qn11tzML2">www.graphenemg.com</a>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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the 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 <a href="https://api.newsfilecorp.com/redirect/jpb33SJWmy">www.sedarplus.ca</a>.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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/v1XmmsYBZ8">https://www.newsfilecorp.com/release/230564</a><img src="https://api.newsfilecorp.com/newsinfo/230564/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93984/</link><guid>https://www.acnnewswire.com/press-release/english/93984/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>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(R) Powered by GMG Graphene.</summary><featuredimage /></item><item><title>GMG Provides Business Update on Working Capital and Cost Reductions</title><pubDate>Tue, 19 Nov 2024 06:00:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Aust, Nov 14, 2024 - (ACN Newswire) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government's Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year's R&D application, was deposited in full into the Company's bank account. As at November 1, 2024, the Company's cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry's R&D Tax incentive scheme has played a vital role in supporting GMG's ongoing research and development.The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.GMG's CEO Craig Nicol stated, "The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives."GMG's Chairman and Non-Executive Director, Jack Perkowski, commented: "The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products."About GMG  <a href="https://api.newsfilecorp.com/redirect/55ROgi4xBR">www.graphenemg.com</a>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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's new operating model, future cost reductions, and the Company's focus on the sale of its energy saving products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company's focus will remain on growing the sales of its energy saving products. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/LGOvzCa2m1">www.sedarplus.ca</a>.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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/229939_c281880b447d6a32_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/oLYGXiMjWo">https://www.newsfilecorp.com/release/229939</a> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93887/</link><guid>https://www.acnnewswire.com/press-release/english/93887/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>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.</summary><featuredimage /></item><item><title>Interroyal Engineering PCL (SET: IROYAL) Posts Strong Showing on First Trading Day</title><pubDate>Wed, 06 Nov 2024 23:00:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/iroyal.top.jpg" border="0" />BANGKOK, Nov 5, 2024 - (ACN Newswire) - Interroyal Engineering PCL (SET: IROYAL), a provider of engineering services and specialized products, staged an impressive debut on the Market for Alternative Investment (MAI) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future. The company is moving forward to expand its capabilities, ready to meet demand from multiple industries, and confident in its strong business foundation. IROYAL aims to grow its sustainable, environmentally friendly energy business to ensure continuous long-term growth.Mr. Panapat Mekasuwandumrong, Chief Executive Officer of Interroyal Engineering PCL (IROYAL), reported that IROYAL shares started trading on November 5, 2024, on the MAI in the services sector under the ticker symbol "IROYAL." With over 40 years of experience in the industry, the company has accumulated a wealth of knowledge, understanding, and diverse skills that meet customer needs, earning the trust of leading organizations in the country. This strong foundation is expected to make IROYAL an appealing new IPO to investors.The company plans to drive continuous growth by investing to enhance its competitive capabilities and meet service demand from various industries. It also sees opportunities to expand into technology projects, leveraging its expertise in the steps, processes, and products used in power generation to improve the current operational processes of power plants.Additionally, the company has recently expanded its customer base into more diverse industries to broaden its clientele, targeting sectors like oil refineries or petrochemical plants with combustion systems, and cement plants with flue gas management systems. It has also begun expanding its product offerings to include items used in uninterruptible power supply (UPS) systems, aimed at customers in hotels, large buildings, and hospitals—sectors that require backup power and energy systems.Ms. Prapapan Prapatpotipong, Director of Interroyal Engineering PCL (IROYAL), stated that the company plans to use funds raised from the IPO, after deducting related expenses, to grow the business and strengthen its position as a leader in innovative energy solutions. The objectives include: 1) using 280 million THB in 2024-2025 for bidding and guaranteeing performance for public sector, state enterprise, and private sector projects, which will enhance the company’s future business opportunities, and 2) allocating 78.21 million THB as working capital in 2024-2025. Additionally, IROYAL has set a dividend policy to pay shareholders at a rate of not less than 50% of net profit, after tax and reserve allocations, as stipulated by law and company regulations.The group has always emphasized research and development to maintain high product quality, sourcing from manufacturers with leading innovation and technology in production processes. These products, which meet international quality standards, come from globally recognized brands based in the United States, the United Kingdom, Germany, Switzerland, Italy, Australia, Japan, China, and Singapore, among others. As of the first half of 2024, the company’s backlog stands at 63.01 million THB, with revenue recognition expected at 28.11 million THB this year and the remainder recognized in the following year.As the lead underwriter, Ms Nalyne Viriyasathien, Managing Director of Investment Banking and Advisory at Maybank Securities (Thailand) PCL, stated that Inter Royal Engineering PCL (IROYAL) has over 40 years of experience and expertise in the industry. The company leverages its knowledge, understanding, and diverse skills set to effectively meet client needs, earning the trust of top organizations nationwide. This has resulted in a solid customer base in both the public and private sectors, domestically and internationally, within electric power and other industries. Notable clients include Hongsa Power Co., Ltd. (Hongsa Power Plant in Laos), the Electricity Generating Authority of Thailand (EGAT), TPI Polene PCL (TPIPL), and PTT Global Chemical PCL (PTTGC). IROYAL aims to maintain these customer relationships by offering maintenance and efficiency improvement services.Mr. Somsak Sirichainarumitr, CEO of Asset Pro Management Co., Ltd., as the financial advisor, noted that IROYAL is well-positioned for growth opportunities within the electrical energy and key industry sectors by providing specialized engineering products and services, while maintaining long-term relationships with clients. This positions IROYAL’s revenue growth to align with the revenue growth in the electric power sector. Additionally, the company has the potential to participate in bidding for projects in core and new sectors, supporting its long-term sustainability.Released by Public Relations Dept, MT Multimedia Co., Ltd for Interroyal Engineering PCL, or IROYALFor more information, please contact: Pipop Kongwong, T: +66 81-929-8864; E: <a href="mailto:pipop.k@mtmultimedia.com">pipop.k@mtmultimedia.com</a>  Interroyal Engineering PCLL [SET: IROYA, IROYA-R, IROYA/F] <a href="https://www.interroyalengineering.com/">https://www.interroyalengineering.com/</a>  Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93678/</link><guid>https://www.acnnewswire.com/press-release/english/93678/</guid><category>Daily Finance, Engineering</category><stock_tickers>BKK:IROYAL, BKK:IROYAL-R, BKK:IROYAL/F</stock_tickers><summary>Interroyal Engineering PCL (SET: IROYAL) staged an impressive debut on the Market for Alternative Investment (mai) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future.</summary><featuredimage /></item><item><title>GMG Reaches Major Milestones in THERMAL-XR(R) Test Work</title><pubDate>Wed, 23 Oct 2024 20:09:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - October 23, 2024) - 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.<a href="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg"></a>Figure 1: THERMAL-XR® Coating Corrosion Test Results After 15,000 Salt Sea Spray Hours (ATM B117)To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_001full.jpg</a>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.<a href="https://images.newsfilecorp.com/files/8082/227525_gmg_figure2.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227525_gmg_figure2_550.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_gmg_figure2_550.jpg"></a>Figure 2: Estimation of Heat Transfer of THERMAL-XR® coated aluminium versus bare aluminiumTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227525_gmg_figure2.jpg">https://images.newsfilecorp.com/files/8082/227525_gmg_figure2.jpg</a>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.<a href="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg"></a>Figure 3: Thermal Radiation calculations of THERMAL-XR® coated aluminium versus bare aluminiumTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg">https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_004full.jpg</a>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.<table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" border="0" cellspacing="0" cellpadding="3"><tbody><tr><td style="width: 33.3%; border: 1px solid #000000;">Thermal Coefficient (W/m2K)</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">Bare Aluminium</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">THERMAL-XR® Coated Aluminium</td></tr><tr><td style="width: 33.3%; border: 1px solid #000000;">Thermal Radiation</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">0.95</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">8.15</td></tr><tr><td style="width: 33.3%; border: 1px solid #000000;">Natural Convection (Air Cooling)</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">5.08</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">5.08</td></tr><tr><td style="width: 33.3%; vertical-align: top; border: 1px solid #000000;">Total Heat Transfer</td><td style="width: 33.3%; text-align: center; vertical-align: top; border: 1px solid #000000;">6.0</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">13.2 (2.2 Times)</td></tr></tbody></table> Figure 4: NATURAL Convection Overall Thermal Coefficient of THERMAL-XR® versus bare aluminiumFigure 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.<table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" border="0" cellspacing="0" cellpadding="3"><tbody><tr><td style="width: 33.3%; border: 1px solid #000000;">Thermal Coefficient (W/m2K)</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">Bare Aluminium</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">THERMAL-XR® Coated Aluminium</td></tr><tr><td style="width: 33.3%; border: 1px solid #000000;">Thermal Radiation</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">0.95</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">8.15</td></tr><tr><td style="width: 33.3%; border: 1px solid #000000;">Forced Convection (Fan Air Cooling)</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">25.71</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">25.71</td></tr><tr><td style="width: 33.3%; vertical-align: top; border: 1px solid #000000;">Total Heat Transfer</td><td style="width: 33.3%; text-align: center; vertical-align: top; border: 1px solid #000000;">26.6</td><td style="width: 33.3%; text-align: center; border: 1px solid #000000;">33.8 (27% Increase)</td></tr></tbody></table> Figure 5: FORCED Convection Cooling Overall Thermal Coefficient of THERMAL-XR® versus bare aluminiumGMG'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 PENDINGAbout GMG <a href="https://api.newsfilecorp.com/redirect/zEaXWfOqey">www.graphenemg.com</a>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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, that the Company will continue testing THERMAL-XR® and provide further updates, that increased understanding of THERMAL-XR® will allow the Company to better recognize how it can add value in various types of products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will continue to test THERMAL-XR® and provide updates, that an increased understanding of THERMAL-XR® will enable the Company to better identify how THERMAL-XR® can add value for various products in various applications and markets, and that THERMAL-XR® testing in corrosion protection and heat transfer is highly translatable into many industries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not continue testing THERMAL-XR®, that the Company will not provide further updates regarding THERMAL-XR®, that a better understanding of THERMAL-XR® will not allow the Company to better recognize how it can add value in various types of products in various applications and markets, that THERMAL-XR® testing in corrosion protection and heat transfer will not be highly translatable into many industries, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/4QNbWhzVBa">www.sedarplus.ca</a>.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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/227525_ecd3ffa9c41478c4_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/jpanViJ5Vn">https://www.newsfilecorp.com/release/227525</a><img src="https://api.newsfilecorp.com/newsinfo/227525/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93481/</link><guid>https://www.acnnewswire.com/press-release/english/93481/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a technical update on the commercialisation progress of THERMAL-XR(R) Powered by GMG Graphene.</summary><featuredimage /></item><item><title>GMG Provides Business Update on Australian Federal Government Engagement</title><pubDate>Mon, 21 Oct 2024 20:29:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - October 21, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the government engagement progress for the Company.GMG continues to engage with various members of Australian Federal Government including a recent visit to the Australian Parliament in Canberra, Australia's capital city, to see the Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, as seen in Figure 1, to discuss GMG's battery manufacturing progress and how a number of Federal Government policies including the Future Made in Australia Battery Breakthrough could potentially support GMG.<a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001.jpg"></a>Figure 1: GMG CEO and CFCO meet with Honourable Senator Tim AyresTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001full.jpg</a>GMG also met the Speaker of the House of Representatives the Honourable Milton Dick, as seen in Figure 2, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2023 when Milton formally opened the Graphene coating blend plant.<a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002.jpg"></a>Figure 2: GMG CEO and CFCO meet with Speaker of the House of Representatives Honourable Milton DickTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002full.jpg</a>GMG also met Queensland Senator the Honourable Anthony Chisholm, as seen in Figure 3, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2022.<a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003.jpg"></a>Figure 3: GMG CEO and CFCO meet with Senator the Honourable Anthony ChisholmTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003full.jpg</a>GMG's Managing Director and CEO, Craig Nicol, commented: "GMG continues to engage Government at all levels, including local, state and federal government, with the aim to help ensure its leading energy saving and energy storage products align with government policy to support the energy transition."GMG's Chairman and Director, Jack Perkowski, commented: "We believe that Engagement with Government is important in the very dynamic markets GMG is focused on selling its product into, and we plan to continue engaging with Government as policies are rolled out in various key markets around the world."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG 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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential for Federal Government policies to support GMG, the Company's belief that Engagement with Government could support GMG and help ensure its products align with government policy to support the energy transition, the potential for THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the Company's goal of achieving optimal production line performance for THERMAL-XR® and the entering of full production. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that Federal Government policies could support GMG, that Engagement with Government could help support GMG and help ensure its products align with government policy to support the energy transition, assumptions regarding the development of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will be able to derive the expected benefits from the Company's products, and that the Company will be able to achieve optimal production line performance for THERMAL-XR® and enter full production. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that Federal Government policies do not support GMG to the extend expected or at all, that Engagement with Government does not support GMG and/or does not ensure its products align with government policy to support the energy transition to the extend expected or at all, that there will be no developments of extensions or enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will not derive the expected benefits from the Company's products, that the Company will be unable to achieve optimal production line performance for THERMAL-XR® or enter full production, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/q8aA8uWby8">www.sedarplus.ca</a>.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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/nVaAVI3wEO">https://www.newsfilecorp.com/release/227262</a><img src="https://api.newsfilecorp.com/newsinfo/227262/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93415/</link><guid>https://www.acnnewswire.com/press-release/english/93415/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the government engagement progress for the Company.</summary><featuredimage /></item><item><title>Graphene Manufacturing Group (GMG) Provides Commercialisation Update on Energy Savings Coating THERMAL-XR(R)</title><pubDate>Thu, 17 Oct 2024 17:00:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - October 16, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.CUSTOMER ENGAGEMENT UPDATEGMG continues to carry out both Supply and Service Coating for various Air Conditioning Manufacturers, Distributors, Contractors and end equipment owners - including the large HVACR condensing units showing the black coating of THERMAL-XR on the condenser coils seen in Figure 1.<a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_001.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_001.jpg"></a>Figure 1: GMG Team Members in front of large HVACR condensing units coated with THERMAL-XRTo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_001full.jpg</a>At an event on 4th October 2024 in Brisbane, Australia that included the broad participation of HVAC industry representatives, GMG successfully RE-launched THERMAL-XR® ENHANCE. The focus of the event was on Thermal-XR's unique heat transfer and corrosion protection capabilities. When first developed, the product was named THERMAL-XR® RESTORE because the Company believed its principal benefit was to restore the heat transfer capabilities of existing installed air conditioners. However, GMG has since proved with third party verification that the product can also enhance the heat transfer of new equipment; hence the re-branding to THERMAL-XR® ENHANCE.As a result, GMG now believes that THERMAL-XR® ENHANCE has exciting opportunities with HVAC Original Equipment Manufacturers ("OEMs") in addition to its potential in the HVAC aftermarket. Over the past several months, GMG has completed on-site testing of THERMAL-XR® with global Air Conditioning Manufacturers in China and the USA for potential introduction into their factories. While further customer testing will be required, GMG believes early results are promising.Apart from applications in the HVAC industry, the unique heat transfer capabilities of THERMAL-XR® ENHANCE has also led to potential new applications in a wide range of industries where reducing heat is important. For example, customer managed Third Party Laboratory Testing with THERMAL-XR® is now being done with companies that operate LNG facilities; companies that manufacture electronic products; and companies that produce motors for the industrial and automotive markets. Further testing will be required to confirm the benefits of using THERMAL-XR® ENHANCE in such applications.<a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_002full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_002.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_002.jpg"></a>Figure 2: RE-LAUNCH of THERMAL-XR® ENHANCETo view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_002full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_002full.jpg</a>As shown in Figure 2, THERMAL-XR® ENHANCE will now be available in 5 litre pails, instead of the original 10 litre containers. Customers have expressed their preference for lighter weight pails because they believe they are easier to lift onto roof tops for spraying in-situ air conditioners. Generally, 5 Litres of THERMAL-XR can be used to spray up to 5 small to medium size air conditioners, covering approximately 50 square metres of solid plate.As previously announced, GMG and Nu Calgon have signed an agreement and are working with a consultant to prepare and submit a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell in the USA. The PMN application is expected to be submitted before the end of October, and the approval is expected to take less than 12 months. The PMN will be substantially different from the Low Volume Exemption ("LVE") PMN that was previously submitted by GMG. Unlike the LVE PMN application that was limited to 10 tons per annum and one application technique in the HVAC sector, the PMN EPA approval that GMG is now seeking will not be limited by volume, application and any one particular sector.INDUSTRY RECOGNITIONTHERMAL-XR® is a finalist in the AIRAH Product of the Year - to be announced on 21st November 2024. AIRAH, the Australian Institute of Refrigeration, Air Conditioning and Heating, is the peak body representing the HVAC&R industry in Australia. Officially incorporated by guarantee on March 29, 1920, AIRAH celebrated its Centenary anniversary in 2020.The AIRAH Awards provide our industry with the opportunity to reflect, applaud, and raise a toast to our peers and their achievements - from promising future leaders to established sector veterans; from the finest new projects to the best retrofits; as well as the greatest in refrigeration, renewable energy, and research. Independent industry specialists determine a shortlist of finalists, from which a winner is selected by an expert judging panel. This rigorous and impartial process makes the AIRAH Awards the most highly prized accolades in Australia's HVAC&R building services industry.<a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_003full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_003full.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_003full.jpg"></a> To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_003full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_003full.jpg</a>GMG's Managing Director and CEO, Craig Nicol, commented: "We believe GMG continues to make good progress in testing its products in large global OEM's for various types of products in various applications whilst our technical understanding of the coating improves - creating an exciting cycle of innovation and learning with our customers and how we make the graphene and coating, how it is applied and also how it is marketed and sold."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® testing in so many of these applications is very exciting to see and I am encouraged by its potential for progress in these markets."TEAM UPDATEGMG would like to thank Bobby Bran, Chief Projects Officer ("CPO"), for his near 6-year service at the Company. In the Company's continued efforts to transform into a commercial operation, the Company has decided to outsource major project activity going forward and as such will no longer need a CPO.On behalf of GMG and its Board of Directors, Craig Nicol and Jack Perkowski would like to thank Bobby for his dedication and service during his near 6-year tenure at the Company.About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG <a href="https://api.newsfilecorp.com/redirect/0VbYmi4Y7R">www.graphenemg.com</a>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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential for THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the potential for THERMAL-XR® ENHANCE to enhance the heat transfer of new equipment and its opportunities with HVAC industry and other industries where reducing heat is important, the timing of submission of the Company's PMN application, the receipt, timing and nature of approval by the EPA of the PMN application, the Company's goal of achieving optimal production line performance for THERMAL-XR® and the entering of full production. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the development of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will be able to derive the expected benefits from the Company's products, that the Company's PMN application will be submitted on the timetable anticipated, that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the Company will be able to achieve optimal production line performance for THERMAL-XR® and enter full production. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that there will be no developments of extensions or enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will not derive the expected benefits from the Company's products, that the Company's PMN application will not be submitted on the timetable anticipated or at all, that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the Company will be unable to achieve optimal production line performance for THERMAL-XR® or enter full production, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at <a href="https://api.newsfilecorp.com/redirect/R72gnuxvRG">www.sedarplus.ca</a>.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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/226793_4a202364a43cd862_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/W0y82CA2EX">https://www.newsfilecorp.com/release/226793</a><img src="https://api.newsfilecorp.com/newsinfo/226793/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93340/</link><guid>https://www.acnnewswire.com/press-release/english/93340/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR(R) Powered by GMG Graphene.</summary><featuredimage /></item><item><title>TANAKA Announces "TK-SK" Palladium Alloy for Semiconductor Test Equipment</title><pubDate>Thu, 17 Oct 2024 10:00:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/Tanaka.Logo.240.jpg" border="0" />TOKYO, Oct 17, 2024 - (JCN Newswire) - TANAKA Kikinzoku Kogyo K.K. (Head office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which develops industrial precious metal products as one of the core companies of TANAKA Precious Metals, has announced the development of <a href="https://tanaka-preciousmetals.com/en/products/detail/probe-pins/?nav=use" target="_blank" rel="noopener">TK-SK</a>, a palladium alloy designed for probe pins used in the final testing stage (post-processing) of semiconductor packages. This new product will be showcased via a panel display at SWTest Asia 2024, an exhibition scheduled for October 24–25, 2024, in Fukuoka Prefecture, Japan, with samples available for shipping before the end of the year.Key Features of “TK-SK”:640HV Hardness: This palladium alloy offers maximum hardness of 640HV, making it ideal for use in test socket applications, particularly in the final continuity testing stage (back-end process).<img style="display: block; margin-left: auto; margin-right: auto;" src="https://photos.acnnewswire.com/20241017.TanakaEN1.jpg" alt="" width="650" height="359">TANAKA Kikinzoku Kogyo has manufactured and supplied a range of precious metals for probe pins used in testing equipment in the front-end and back-end processes of semiconductor manufacturing.As a palladium alloy for probe pins, TK-SK exhibits maximum hardness of 640HV that makes it suitable for use in test socket applications mainly in the final continuity testing stage (back-end process).Demand for high-hardness probe pins has increased in recent years. However, one common challenge with harder materials is that they can be more difficult to process and are prone to breaking during machining. Additionally, palladium alloys on the market previously had a maximum hardness of around 560HV. Through its unique processing technology, TANAKA Kikinzoku Kogyo has successfully developed TK-SK with a hardness of 640HV. By 2028, the company aims to ship 1.5 times the volume of its existing products.Pogo pin-type probe pins are typically used in test sockets. During testing, the tip or plunger of the probe pin can become deformed due to friction from contact with substrates. Solder may also adhere to the plungers, needing regular cleaning, which further increases the risk of deformation due to friction. High-hardness probe pins, like TK-SK, reduce wear-related deformation, leading to longer service life and lower maintenance costs for semiconductor test equipment.Looking ahead, TANAKA Kikinzoku Kogyo plans to continue contributing to the development of the semiconductor market, which is expected to experience significant growth in the coming years.TK-SK Properties (Reference Values)<img style="display: block; margin-left: auto; margin-right: auto;" src="https://www.acnnewswire.com/docs/Multimedia/20241017.TanakaEN.png" alt="" width="650" height="230">Exhibition details<ul><li style="text-align: justify;">Exhibition name: SWTest Asia 2024</li><li style="text-align: justify;">Dates: October 24 (10:00–15:30) and October 25 (10:00–16:00), 2024</li><li style="text-align: justify;">Venue: Hilton Fukuoka Sea Hawk, Japan</li><li style="text-align: justify;">Official website: <a href="https://www.swtestasia.org/" target="_blank" rel="noopener">https://www.swtestasia.org/</a></li><li style="text-align: justify;">Exhibitor: TANAKA Kikinzoku Kogyo K.K.</li><li style="text-align: justify;">Booth No.: 210</li><li style="text-align: justify;">Panel display: Palladium alloy for probe pins (TK-SK wire, TK-FS wire and sheet), copper-silver alloy for probe pins (TK-101 sheet), and precious metal plating solution for probe cards</li></ul>About TANAKA Precious MetalsSince its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,355 employees, the group’s consolidated net sales for the fiscal year ending December 2023, was 611.1 billion yen.Global industrial business website <a href="https://tanaka-preciousmetals.com/en/" target="_blank" rel="noopener">https://tanaka-preciousmetals.com/en/</a>Product inquiries TANAKA Kikinzoku Kogyo K.K. <a href="https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/" target="_blank" rel="noopener">https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/</a>Press inquiries TANAKA Holdings Co., Ltd. <a href="https://tanaka-preciousmetals.com/en/inquiries-for-media/">https://tanaka-preciousmetals.com/en/inquiries-for-media/</a>Press Release: <a href="https://www.acnnewswire.com/docs/files/20241017_EN.pdf" target="_blank" rel="noopener">https://www.acnnewswire.com/docs/files/20241017_EN.pdf</a>  Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93321/</link><guid>https://www.acnnewswire.com/press-release/english/93321/</guid><category>Metals & Mining, Electronics, Science & Nanotech, Engineering</category><stock_tickers>TYO:8411, SG:MZ8A, NYSE:MFG</stock_tickers><summary>TANAKA Kikinzoku Kogyo K.K. (Head office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which develops industrial precious metal products as one of the core companies of TANAKA Precious Metals, has announced the development of TK-SK, a palladium alloy designed for probe pins used in the final testing stage (post-processing) of semiconductor packages.</summary><featuredimage>https://photos.acnnewswire.com/tr:n-650/20241017.TanakaEN1.jpg</featuredimage></item><item><title>GMG Recognized for Innovation by the Australian Financial Review</title><pubDate>Tue, 15 Oct 2024 20:59:00 +0800</pubDate><description><![CDATA[<img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" />Brisbane, Queensland, Australia--(ACN Newswire - October 15, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce it has been recognized as one of the Most Innovative Companies in the Manufacturing & Consumer Goods category for 2024 by the Australian Financial Review, which is Australia's most-read premium business masthead.The AFR BOSS Most Innovative Companies list celebrates Australian businesses that are challenging the status quo. Now in its thirteenth year, this prestigious annual list ranks the most innovative organisations from Australia and New Zealand, and is the only national, cross-industry list of its kind.GMG's work in graphene production and product development has positioned the company at the forefront of this rapidly evolving field, enabling sustainable solutions in energy storage, electronics, and beyond."We are honored to receive this recognition, which reflects the hard work and dedication of our team," said Craig Nicol, CEO of Graphene Manufacturing Group. "This award validates our mission to harness the unique properties of graphene to develop innovative products that can positively impact the world."GMG's Chairman and Director, Jack Perkowski, commented: "Great to see the Company's innovative world leading work getting acknowledged in this way - congratulations to the team."<a href="https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001full.jpg" rel="nofollow"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001.jpg"></a>Figure 1To view an enhanced version of this graphic, please visit: <a href="https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001full.jpg" rel="nofollow">https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_001full.jpg</a>About GMGGMG 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:<ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><div id="contactInfo">For further information please contact:<ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div>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.<img id="corporateNewsLogo" src="https://images.newsfilecorp.com/files/8082/226664_cc296f8a948ea8f2_logo.jpg" alt="Corporate Logo">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/O3qAPU7xoE">https://www.newsfilecorp.com/release/226664</a><img src="https://api.newsfilecorp.com/newsinfo/226664/425" alt=""> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93308/</link><guid>https://www.acnnewswire.com/press-release/english/93308/</guid><category>Metals & Mining, Engineering, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce it has been recognized as one of the Most Innovative Companies in the Manufacturing & Consumer Goods category for 2024 by the Australian Financial Review, which is Australia's most-read premium business masthead. </summary><featuredimage /></item></channel></rss>