Graphene Manufacturing Group Secures AU$2 Million Funding Grant from Queensland Government for Battery Pilot Plant
Brisbane, Queensland, Australia–(ACN Newswire – March 25, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) announces that the Company has signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the State Government of Queensland for a grant of AU$ 2 million towards the funding of GMG’s proposed Automated Battery Pilot Plant for the manufacture of GMG’s Graphene Aluminium Ion Battery.
The State Government of Queensland established the Queensland Critical Minerals and Battery Technology Fund to support Australian business to compete globally by enhancing the extraction and processing of critical minerals in Queensland, accelerating the development of battery technologies and production of precursor or advanced materials in Queensland and supporting Queensland jobs and economic growth.
The grant is for the payment of 50% of the capital cost of GMG’s proposed Automated Battery Pilot Plant, up to a maximum of AU$ 2 million, for the manufacture of GMG’s Graphene Aluminium Ion Battery. The Pilot Plant would be constructed at GMG Richland’s existing manufacturing facility, and the grant is conditional on various preconditions including GMG taking a final investment decision in the Battery Pilot Plant project.
GMG’s CEO Craig Nicol stated, “We want to thank the Queensland Government and acknowledge its commitment to supporting the Critical Mineral and Battery Manufacturing Industry in the State. This is great recognition for GMG and GMG’s next generation Graphene Aluminium Ion Battery and further shows the progress of the battery’s development. We are very excited about this next phase of its maturation.”
GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “This represents further progress for the Company, and I congratulate GMG on its success in securing this grant. I also would like to thank the Queensland Government for recognising and supporting GMG in this phase of its battery’s development.”
Queensland Government Deputy Premier, Treasurer and Minister for Trade and Investment Cameron Dick said:
“The Miles Labor Government is propelling Queensland through an energy transformation that will create jobs.”
“I am so pleased that this new plant will create 12 good quality jobs. Projects like this are helping set the path in creating thousands of secure jobs for Queenslanders while providing the clean, reliable and affordable energy every household and business needs.”
“The $100 million Queensland Critical Minerals and Battery Technology Fund is playing its part by supporting businesses across the supply chain like Redflow, Revolver Resources, and now GMG.”
“GMG’s innovative use of graphene, in partnership with UQ, is another example of our homegrown ingenuity that we will continue fostering here in Queensland.”
“Their graphene aluminium-ion batteries could prove to be a real gamechanger on the world market and elevate Queensland’s local battery industry to the next level.”
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 paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
- Produce Graphene and improve/scale cell production processes
- Build Revenue from Energy Savings Products
- Develop Next-Generation Battery
- Develop Supply Chain, Partners & Project Execution Capability
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
www.graphenemg.com
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 use of funds from the grant, the production capacity of the proposed automated battery pilot plant, the location of the proposed automated battery pilot plant, the grant showing the progress of the GMG’s battery’s development, and the next phase of the battery’s maturation.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the production capacity of the proposed automated battery pilot plant, that the funds from the grant will be used as management currently expects, that the proposed automated battery pilot plant would be built at the Company’s existing manufacturing facility in Richland, that the grant shows the progress of the graphene aluminium ion battery’s development, and that the maturation of the graphene aluminium ion battery will proceed as management currently expects.
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 use of funds from the grant will differ from management’s expectations, that the automated battery pilot plant would not be capable of manufacturing approximately 1MWh per annum of GMG’s graphene aluminium ion battery, that the proposed automated battery pilot plant will not be built at GMG’s Richland facility, or at all, that the grant does not demonstrate the progress of the graphene aluminium ion battery’s development, that the maturation of the graphene aluminium ion battery will not proceed as currently expected by management, 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 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202979
Topic: Press release summary
Revolutionising the UK Manufacturing and Engineering Industry: Part-Time Data Science Bootcamps Unlock the Power of Innovation
The Developer Academy is moving forward with its “Data Science for Industry” training bootcamps for the UK manufacturing and engineering industry. Having secured funding to help bring this initiative at a discounted rate for businesses who qualify.
These bootcamps are designed for employees of Manufacturers and Engineering companies, to develop hands-on Data Science skills within the business.
This funded training offers employees the chance to learn key skills that will help unlock the impact of Data Science in their day-to-day roles.
“Our data science bootcamps serve as a catalyst for manufacturing businesses seeking to transform their operations,” said Ben Atha, Founder and CEO of The Developer Academy.
“By enabling employees to analyse data effectively, and derive actionable insights, we empower them to optimise processes. Identifying cost-saving opportunities, streamlining supply chains, and making better-informed decisions for their employers. The potential impact on manufacturing businesses is tremendous.”
There are two courses being created to help the industry. And depending on the business need either, or both, can be applied for.
The first course deals with Robotic Process Automation (RPA) and the second course covers Deep Learning and Foundation Models (DLFM).
Key Details:
• Funded training is open to manufacturing businesses with less than 215 staff
• Funding means that each course costs are only £300 per-person
• Courses are part-time (1-2 days per week) to fit around the employee’s roles
• Remote training is delivered using a hands-on approach to tutoring, and with a commitment to fostering a collaborative learning environment
• The first two Bootcamp training courses start May 11, 2024.
To find out more about the requirements for manufacturers and employees, and what this training covers, visit the website at:
www.thedeveloperacademy.com/data-science-for-industry
About The Developer Academy:
The Developer Academy bootcamps have already gained recognition for their cutting-edge curriculum in Data Science, Software Development and Games Development for individuals looking to re-train and enter the development sector. This new initiative is designed to support employee skill development in these sectors.
The Developer Academy
Robin Williams
+44 7717 155244
thedeveloperacademy.com/data-science-for-industry/
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Graphene Manufacturing Group Ltd. Commences Trading on OTCQX Under the Symbol GMGMF
Brisbane, Queensland, Australia–(ACN Newswire – February 26, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company“) is pleased to announce it begins trading today on the OTCQX market under the symbol “GMGMF”.
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. Penny stocks, shells and companies in bankruptcy cannot qualify for OTCQX. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.
GMG has now qualified to trade on the OTCQX® Best Market, having been upgraded from the Pink® market. The two lower-tier markets for OTC trading in the U.S. are the OTCQB® Venture Market and the OTC Pink® market. This upgrade will provide increased transparency in trading for GMG’s U.S. investors through its higher levels of reporting and governance.
GMG’s Managing Director and CEO, Craig Nicol, commented: “As part of our capital markets access plans, we are delighted to broaden the Company’s exposure in the U.S. market through this upgrade. It is a major step toward our corporate development in North America.”
GMG’s Chairman and Non-Executive Director, Jack Perkowski, commented: “Increasing GMG’s presence in the U.S. is of strategic importance for funding our development and growth initiatives. Enabling U.S. investors with increased involvement will expand the Company’s future capital opportunities.”
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 paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
- Produce Graphene and improve/scale cell production processes
- Build Revenue from Energy Savings Products
- Develop Next-Generation Battery
- Develop Supply Chain, Partners & Project Execution Capability
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
www.graphenemg.com
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 upgrade to the OTCQX® Best Market providing increased transparency in trading for GMG’s U.S. investors, trading on OTCQX® Best Market being an important step toward the Company’s corporate development in North America, increasing the Company’s presence in the U.S. being strategically important for future funding of development and growth, and increased U.S. investor involvement expanding the Company’s future capital opportunities.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the upgrade to the OTCQX® Best Market resulting in higher levels of reporting and governance which will lead to increased transparency in trading for U.S. investors, that the upgrade to the OTCQX® Best Market is an important step towards the Company’s corporate development in North America, that increasing the Company’s presence in the U.S. will help fund the Company’s development and growth, and that increased U.S. investor involvement will expand the Company’s future capital opportunities.
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 upgrade to the OTCQX® Best Market will not result in a higher level of reporting, that the upgrade to the OTCQX® Best Market will not lead to increase transparency in trading for U.S. investors, that the upgrade to the OTCQX® Best Market will not be an important step towards the Company’s corporate development in North America, that increasing the Company’s presence in the U.S. will not help fund the Company’s development and growth, that increased U.S. investor involvement will not expand the Company’s future capital opportunities, 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 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199208
Topic: Press release summary
MHI Completed manufacturing of Three Replacement Steam Generators for EDF’s Nuclear Power Plant
Mitsubishi Heavy Industries, Ltd. (MHI) held a ceremony for shop manufacturing completion of three replacement steam generators for Électricité de France S.A. (EDF)’s Nuclear Power Plant in France at MHI’s Kobe facilities on the 19th. MHI has been ordered a total of 9 replacement steam generators from EDF. MHI is going to manufacture remaining 6 steam generators.
EDF selected the supplier for the replacement steam generators (for the 900 MWe pressurized water reactor (PWR) nuclear power plant) through an international bidding process, with MHI receiving the order jointly with Onet Technologies (Onet) (Note1).They are approximately 21 meters in height and 330 tons in weight and made of low-alloy steel (Note2). Each steam generator contains more than 4,500 heat transfer tubes made from TT690 alloy material (Note3). Steam generators are one of the most important components of a PWR, transferring the thermal energy generated in the reactor vessel from the primary (reactor) cooling system to the secondary (turbine) cooling system, using steam to drive the turbine. Steam generator is a large component that requires notably safety and reliability and that requires high machining accuracy in the order of 0.01mm. Therefore, manufacturing of steam generator requires quite high capability of design and manufacturing.
MHI has been working on business of nuclear equipment in nuclear power markets worldwide and has supplied a total of 31 replacement steam generators to several countries, France, Belgium and the U.S, 15 units out of 31 units were for EDF. Headquartered in Paris, EDF is one of the world’s largest electricity suppliers, operating 56 PWRs in France. Considering operation extension over 40 years along with French government policy, the company is currently replacing the existing steam generators at its PWR plants that started operations in the 1980s.
From the point of view of carbon neutrality and energy security, there has been a rise in demand for utilization of nuclear power around the world. MHI will continue to contribute to the safety and reliability of nuclear power around the world by delivering high-quality products to global nuclear markets such as France. Through the manufacture of replacement steam generators, MHI will pass on to the next generation the technological expertise accumulated as a nuclear power plant supplier.
(1) Onet is headquartered in Marseille, and provides specialized after-sales service and maintenance for nuclear power plant facilities. MHI has been collaborating with Onet since 2002.
(2) Low-alloy steel is steel with not more than 5% alloying element. Steam generators are pressure resistant vessels made with strong low-alloy steel (manganese, molybdenum, and nickel steel).
(3) TT690 is a state-of-the-art nickel, chromium, and iron alloy, specially heat-treated for enhanced corrosion　resistance. It is the main material in the steam generator’s heat transfer tubes, offering superior corrosion resistance under high temperatures and pressures.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Topic: Press release summary
Graphene Manufacturing Group Board Appoints Former Wall Street Veteran and Manufacturing Entrepreneur Jack Perkowski to Chair of Board of Directors
Brisbane, Queensland, Australia–(ACN Newswire – October 24, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to advise that Company Director Mr. Jack Perkowski, based in New Jersey USA, is appointed by the Company’s board of directors as Chairman of the Board effective October 24, 2023.
Mr. Jack Perkowski
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/185067_1e368561a4f8dbac_001full.jpg
Upon graduation from Yale and the Harvard Business School, Mr. Perkowski spent twenty years on Wall Street as Head of investment banking at Paine Webber, a major securities firm that was eventually acquired by UBS in 2000. In 1991, Mr. Perkowski moved to Hong Kong in order to focus on the development of Asia and China, and in 1994 founded Beijing based ASIMCO Technologies. From 1994 to 2008, Mr. Perkowski served as the Chairman of ASIMCO’s Board of Directors and the company’s Chief Executive Officer, building ASIMCO into one of the most important players in China’s automotive components industry. Under Mr. Perkowski’s leadership, ASIMCO gained a reputation for developing local management and integrating a broad-based China operation into the global economy. ASIMCO was later sold to a private equity firm in 2010 and is still regarded as one of the most successful automotive component manufacturing companies in China. Upon leaving ASIMCO, Mr Perkowski founded JFP Holdings, a merchant banking firm focused on China, where he now serves as Chairman.
GMG’s CEO Craig Nicol stated, “I’m very excited to see Jack becoming Chair of the Board of Directors of the Company to support our progression into a commercial manufacturing operation. It is very clear North America is of strategic importance for GMG for capital markets, end product markets and also potential future operational projects – and so I very much look forward to working with Jack – being based in the USA – to support our transition into an Australian and North American commercial manufacturing operation. I also want to thank Guy Outen for his role as Chair of the Board of Directors for the past four years – including his work as Audit Committee Chair.”
Jack Perkowski, GMG’s Chair added, “I’m delighted to be appointed by my fellow Directors to Chair of the Board of the Company. I look forward to leading the board into the next phase of the company’s development cycle into a commercial manufacturing operation – especially with focus on North American markets for capital and our products and the potential for Australian and North American operational projects. I also look forward to working with Craig in this endeavour and I thank Guy for his work to date as Chair of the Board for the past four years.”
GMG’s 4 critical business objectives remain to:
- Produce Graphene and improve/scale the production process
- Build Revenue from Energy Savings Products
- Develop Next-Generation Battery
- Develop Supply Chain, Partners & Project Execution Capability
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, with low cost inputs, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.
In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminum-ion batteries (“G+AI Batteries”).
For further information, please contact:
- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
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 effective date on which Mr. Perkowski will become chair of the board of directors, and the contributions Mr. Perkowski will make to the Company in his capacity as a chair of the board of directors.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the effective date on which Mr. Perkowski becomes the chair of the board of directors, and his contributions as a chair of the board of directors differing from management’s current expectations.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the effective date on which Mr. Perkowski will become the chair of the board of directors, and the positive impact Mr. Perkowski will have on the Company’s development in that role.
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 https://www.newsfilecorp.com/release/185067
Topic: Press release summary
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