GMG to acquire THERMAL-XR IP and brand from OzKem

Graphene Manufacturing Group (GMG) has announced that it has signed a binding agreement with OzKem for GMG to acquire the manufacturing intellectual property and brand rights of OzKem’s THERMAL-XR® coating products.

OzKem is a coatings technology company which developed the THERMAL-XR® coating system products using GMG graphene together with OzKem’s base HVAC (Heating Venting and Air Conditioning) coating. GMG is an international distributor of THERMAL-XR® products with a number of global commercial demonstrations underway or initial sales completed. Following the completion of the agreement GMG will own the THERMAL-XR® brand, will buy the base coatings product from OzKem, and GMG will manufacture the THERMAL-XR® products containing GMG graphene.