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GMG Commences Construction of Graphene Aluminium-Ion Battery Pilot Plant
Highlights: Construction of the Pilot Battery Plant has commenced with commissioning exp...
About this update from Graphene Manufacturing Group Ltd
[{"type":"text","content":"GMG Commences Construction of Graphene Aluminium-Ion Battery Pilot Plant Highlights: Construction of the Pilot Battery Plant has commenced with commissioning expected in November, 2021. The company has purchased additional equipment to manufacture G+AI Battery prototypes in pouch pack cell format in addition to coin cell format. Commercial prototypes for coin cell and pouch pack batteries remain on target (see July 14, 2021 press release titled \"GMG Announces In-House Battery Pilot Plant Investment\").GMG has secured a site for a new headquarters and Pilot Battery Plant facility. Brisbane, Queensland--(Newsfile Corp. - October 26, 2021) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) (\"GMG\" or the \"Company\") is pleased to provide an update on the pilot production and testing plant (the \"Pilot Battery Plant\") for GMG's graphene aluminium-ion batteries (\"G+IA Batteries\") announced in the Company's news release dated July 14, 2021.Construction of the Pilot Battery Plant has commenced with commissioning of the facility expected to begin in November, 2021. The Pilot Battery Plant will be located in a recently secured new headquarters and production facility in Brisbane.Further, the Company has committed additional expenditures to allow the Pilot Battery Plant to produce pouch pack cell format batteries in addition to the previously announced coin cell format. This addition to the facility is intended to potentially accelerate the development of G+AI Battery pouch packs and allow early collaboration with some of GMG's major customer prospects and their specific requirements. Pouch pack cells are typically used in personal electronics such as cell phones, laptops, as well as in electric vehicles and grid storage batteries. Revenue from the Pilot Battery Plant is not expected to be significant. Pilot production of a prototype coin cell battery is targeted before the end of 2021 and a pouch pack commercial prototype battery is targeted before the end of 2022. Subject to successful commercial prototypes and a final investment decision, GMG expects to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries. The location of this manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing ope...