GMG Provides Commercialisation Update on Energy Savings Coating THERMAL-XR®

Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.

GMG and Nu Calgon have signed an agreement with a consultant to prepare and submit a Pre-Manufacture Notice (PMN) for its USA Environmental Protection Agency’s (EPA) approval to import and sell in the USA, as previously announced in its THERMAL-XR® re-submission. The PMN application is expected to be submitted before the end of October and the potential approval is expected to take less than 12 months. The PMN will be substantially different from the Low Volume Exemption (LVE) PMN GMG previously submitted. The potential PMN EPA approval that GMG will be seeking is expected to be not limited by volume, application and any one particular sector, while the LVE PMN application was limited to 10 tonnes per annum, one application technique and the HVAC sector.

End-user Customer Engagement in the USA is ongoing with North America Distribution Partner Nu Calgon, which is known as the largest specialty chemical provider to the HVACR market in North America. Nu Calgon has a 37 person sales team with approximately 4000 distribution points. Nu Calgon’s Cool Worx Powered by GMG Graphene was introduced to the North American HVACR industry at the AHR Expo in January 2024. As previously announced, Thermal XR® provided a 36.7% reduction in energy when demonstrated on a 30 ton Aaon packaged rooftop air-conditioning system at the High School Gymnasium in Harlingen, Texas.

GMG continues to engage global Air Conditioning Manufacturers in China and the USA for THERMAL-XR® production coating trials. GMG is also working with a global Manufacturer of Trucks and Trains.

GMG is now working with a number of global manufacturing companies in various sectors which have passed product performance testing with THERMAL-XR® and are now working through processes to achieve optimal production line performance, with the aim to go into full production thereafter.

GMG’s Managing Director and CEO, Craig Nicol, commented: “The progress GMG is making with THERMAL-XR® is exciting. The various types of industries that are now trialling and in some cases ordering the product include after-market air conditioning, data centres, air conditioner manufacturers, truck and train manufacturers and industrial facilities such as LNG plants.”

GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® is an exciting prospect for the Company in many markets including for the China Air Conditioner Manufacturers. It is encouraging to see the Company gaining traction in this and other markets.”

Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.GMG and Nu Calgon have signed an agreement with a consultant to prepare and submit a Pre-Manufacture Notice (PMN) for its USA Environmental Protection Agency’s (EPA) approval to import and sell in the USA, as previously announced in its THERMAL-XR® re-submission. The PMN application is expected to be submitted before the end of October and the potential approval is expected to take less than 12 months. The PMN will be substantially different from the Low Volume Exemption (LVE) PMN GMG previously submitted. The potential PMN EPA approval that GMG will be seeking is expected to be not limited by volume, application and any one particular sector, while the LVE PMN application was limited to 10 tonnes per annum, one application technique and the HVAC sector.End-user Customer Engagement in the USA is ongoing with North America Distribution Partner Nu Calgon, which is known as the largest specialty chemical provider to the HVACR market in North America. Nu Calgon has a 37 person sales team with approximately 4000 distribution points. Nu Calgon’s Cool Worx Powered by GMG Graphene was introduced to the North American HVACR industry at the AHR Expo in January 2024. As previously announced, Thermal XR® provided a 36.7% reduction in energy when demonstrated on a 30 ton Aaon packaged rooftop air-conditioning system at the High School Gymnasium in Harlingen, Texas.GMG continues to engage global Air Conditioning Manufacturers in China and the USA for THERMAL-XR® production coating trials. GMG is also working with a global Manufacturer of Trucks and Trains.GMG is now working with a number of global manufacturing companies in various sectors which have passed product performance testing with THERMAL-XR® and are now working through processes to achieve optimal production line performance, with the aim to go into full production thereafter.GMG’s Managing Director and CEO, Craig Nicol, commented: “The progress GMG is making with THERMAL-XR® is exciting. The various types of industries that are now trialling and in some cases ordering the product include after-market air conditioning, data centres, air conditioner manufacturers, truck and train manufacturers and industrial facilities such as LNG plants.”GMG’s Chairman and Director, Jack Perkowski, commented: “THERMAL-XR® is an exciting prospect for the Company in many markets including for the China Air Conditioner Manufacturers. It is encouraging to see the Company gaining traction in this and other markets.”

GMG Provides Commercialisation Update on Energy Savings Coating THERMAL-XR®

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