Business
GMG Product Commercialisation Process, Corporate Growth & Channel Strategy
Brisbane, Queensland, Australia--(Newsfile Corp. - September 6, 2023) - Graphene Manufacturing Gr...
About this update from Graphene Manufacturing Group Ltd
[{"type":"text","content":"GMG Product Commercialisation Process, Corporate Growth & Channel StrategyBrisbane, Queensland, Australia--(Newsfile Corp. - September 6, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (\"GMG\" or the \"Company\") is pleased to outline three important strategies: the Company's product commercialisation process, organic corporate growth strategy and product distribution channel strategy. The Company's Product Commercialisation Process (see Figure 1) is to develop the Company's products through four stages, including: (i) developing the initial product concept, (ii) making the product repeatedly and verifying it will meet the target market needs with external testing, (iii) building the capacity to produce and sell the product, including regulatory approvals and organisation, and (iv) building awareness, making and selling the product into the route to markets developed.Figure 1: Product Commercialisation Process.*GMG Graphene Powder is made for use in GMG's products.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/179690_graphene_01_550.jpgThe Company is also pleased to announce Thermal XR is now in the fourth and final stage of commercialisation; building awareness, making and selling the product. G Lubricant is positioned in the second stage as it is currently undergoing product market testing and the Graphene Aluminium Ion Battery (G+AI Battery) is also in the second stage as the battery is currently undergoing product development and optimisation (see Company's news release dated May 29, 2023).The Company's intended organic Growth Strategy (see Figure 2) is to progress the products through the commercialisation process to be able to grow revenues from making and selling Thermal XR® and G Lubricant whilst developing Energy Storage products (i.e. the Graphene Aluminium Ion Battery). Supporting both will be the continued development and growth of GMG's Graphene production engineering capability.Figure 2: Corporate Growth Strategy.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/179690_graphene_02_550.jpgMeanwhile, the Company plans to continue developing Energy Storage products with the goal of adding selected partners from different verticals to co-sponsor and accelerate development. Rio Tinto is the first such sp...