Newly listed Graphene Manufacturing Group produces graphene by cracking methane (natural gas) instead of mining graphite. Collaborating with world-leading universities in Australia.
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Graphene appoints de Weijer as director of graphene aluminum-ion battery technology project
2021-06-01 15:40 ET - News Release
Mr. Craig Nicol reports
GRAPHENE ALUMINIUM-ION BATTERY PROGRESS UPDATE
Graphene Manufacturing Group Ltd. has provided the latest update on its graphene aluminum-ion battery technology (G+AI battery) being developed by the company and the University of Queensland.
Since Graphene Manufacturing Group's market update on May 11, 2021, the company has appointed director Robbert de Weijer as G+AI battery project director and has instructed the company's head of technology and head of graphene projects to prioritize the G+AI battery's technical progression. In addition, the company's new chief operating officer, together with the operating team, is prioritizing the production of the particular graphene needed for G+AI battery production.
These moves reflect Graphene Manufacturing Group's determination to positively respond to the many encouraging and varied inquiries the company has received regarding the technical and commercial application of G+AI batteries.
Graphene Manufacturing Group's chief executive officer and managing director, Craig Nicol, stated: "More than 80 incoming requests from across the globe have been received by the company from organizations seeking to explore potential applications in electric consumer vehicles, high performance cars, heavy-duty vehicles, motorbikes, air transport, personal appliances such as laptop computers and phones, grid-connected storage, and others. Several parties noted, among other things, the potential high-power density of graphene aluminum-ion batteries, which enables faster charging; that graphene aluminum-ion batteries are expected to be greener and be able to be produced without lithium and rare earths; that the performance of such batteries are expected to be safer, with much lower fire risk; and finally that graphene aluminum-ion batteries are expected not to require the complexity and weight of cooling systems required by lithium-ion battery technology. The company is encouraged by this initial interest and will continue to provide regular updates regarding the performance and development of its graphene aluminum-ion batteries as the research and development and commercial programs progress."
Graphene Manufacturing Group is in the process of signing non-disclosure agreements with certain parties to provide for a confidential exchange of information in connection with the evaluation of a potential business relationship between the parties. In particular, the company intends to determine whether it should engage such parties to assist in, among other things, defining the battery specifications for Graphene Manufacturing Group's pouch pack for certain applications.
As previously announced, Graphene Manufacturing Group is seeking to bring coin cell commercial prototypes into production for customer testing in approximately six months and a pouch pack commercial prototype -- used in mobile phones and laptops -- for customer testing in approximately 18 months.
The company is also pleased to announce that it has engaged B. Riley Securities as its exclusive capital markets adviser and sponsor in connection with seeking quotation of the company's shares on the OTCQB market in the United States.
The OTCQB is a leading market for entrepreneurial and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
About Graphene Manufacturing Group Ltd.
Graphene Manufacturing Group is an Australian-based clean-tech disruptive company listed on the TSX Venture Exchange that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, Graphene Manufacturing Group can produce high-quality, low-cost, scalable, tunable and no-/low-contaminant graphene -- enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low-input-cost source of graphene, the company is developing value-added products that target the massive energy efficiency and energy storage markets.
The company is pursuing additional opportunities for Graphene Manufacturing Group graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lube oil, biodiesel and diesel fuels.
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