Business
GMG and OPENIA Project Management Services LLC (Dubai) Sign THERMAL-XR(R) Letter of Intent
Brisbane, Queensland, Australia--(Newsfile Corp. - June 17, 2021) - Graphene Manufacturing Gro...
About this update from Graphene Manufacturing Group Ltd
[{"type":"text","content":"GMG and OPENIA Project Management Services LLC (Dubai) Sign THERMAL-XR(R) Letter of IntentBrisbane, Queensland, Australia--(Newsfile Corp. - June 17, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (\"GMG\" or the \"Company\") is pleased to announce the signing of a non-binding Letter of Intent (LOI) with OPENIA Project Management Services LLC (\"OPENIA\") for the exclusive distribution of THERMAL-XR®~ powered by GMG Graphene throughout the United Arab Emirates.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8082/87830_773b6458d4739954_001full.jpgUnder the auspices of His Excellency Ahmed Al Khatib, Chief Development & Delivery Officer Expo 2020 Dubai, and Trade and Investment Queensland Commissioner Middle East Ms. Donna Massie, OPENIA Chairman Mohammed Fadel Al Mazrooei and GMG CEO & Managing Director Craig Nicol signed the Letter of Intent - taking place simultaneously in the Australian Pavilion at EXPO 2020 DUBAI and the Trade and Investment Queensland office in Brisbane. THERMAL-XR®~ powered by GMG Graphene is a coating system for restoring and improving energy efficiency to corroded or poorly performing refrigeration and air conditioning coils. The process coats, protects and rebuilds lost thermal conductivity by leveraging GMG's Graphene to increase the heat transfer rate, resulting in efficiency improvement, and reductions in both energy and Co2 emission for customers.GMG CEO and Managing Director Craig Nicol stated, \"The growing demand for cooling is impacting power generation and distribution capacity and is often one of the highest costs of a company's operation. GMG's THERMAL-XR® coating system is a high-tech but easy to apply solution to improve efficiency and save energy. The technology is a clear example of GMG's Graphene's ability to transfer heat, providing measurable efficiency gains for air conditioning asset owners. The Letter of Intent between GMG and OPENIA builds on the introduction by the Queensland Government's global business agency, Trade and Investment Queensland (TIQ), which has been very helpful. I am very pleased about reaching this milestone and very excited to see THERMAL-XR® penetrating the strategic Middle-East market\".OPENIA Chairman Mohammed Fadel Al Mazrooei said, \"We are very pleased to progress our relatio...