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GMG Provides Commercialisation Progress of THERMAL-XR(R)
Brisbane, Queensland, Australia--(Newsfile Corp. - August 28, 2023) - Graphene Manufacturing Grou...
About this update from Graphene Manufacturing Group Ltd
[{"type":"text","content":"GMG Provides Commercialisation Progress of THERMAL-XR(R)Brisbane, Queensland, Australia--(Newsfile Corp. - August 28, 2023) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (\"GMG\" or the \"Company\") is pleased to outline important commercialisation progress and sales development of THERMAL-XR® powered by GMG Graphene.THERMAL-XR® powered by GMG Graphene To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/178644_57b4434074bb08bd_001full.jpgTHERMAL-XR ® Coating Blending Project | Initial Production & CapabilitiesThe Company is pleased to announce that it has commissioned its graphene enhanced coating blending plant and it is now operational after making its first 1000 litre blend. This blending plant is expected to have the capacity to produce up to 500,000 litres of THERMAL-XR® RESTORE® coating per annum, subject to graphene production, when operating two blends per eight hour shift, 250 days per year. This capacity enables future service growth well into the future. GMG Projects & Operations Staff involved in commissioning the first 1000 litre of THERMAL-XR® RESTORETo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/178644_graphenefig2.jpgGMG has also installed laboratory facilities for quality and control requirements and progressing research and development, to extend and enhance the THERMAL-XR® portfolio into additional industries and applications.GMG's Managing Director and CEO, Craig Nicol, commented: \"We are very excited to commission our own blend plant and to have manufactured 1000 litres of THERMAL-XR® RESTORE as part of our distributor's initial orders, which are subject to in-country regulatory approvals. This is an important step to becoming a globally recognised manufacturer and marketer of energy-saving products.\" Since the February 2023 Australian Government approval for GMG to produce and sell TXR at scale, the Company has intensified sales activities that have resulted in distribution agreements in North America, Singapore, Thailand, Indonesia, and South Korea to the Heating, Ventilation and Air-Conditioning-Refrigeration (HVAC-R) market. Furthermore, wider potential industries are being assessed including energy savings applications in Data Centres and for Energy P...