GMG and Wood Agree Collaboration Arrangement for Wood to Engineer and Deliver Major Graphene Manufacturing Expansion Projects
Brisbane, Queensland, Australia–(Newsfile Corp. – March 1, 2022) – Graphene Producing Group Ltd. (TSXV: GMG) (“GMG” or the “Business”) is happy to announce that GMG and Wooden have agreed to a non-binding Letter of Intent, with the goal to concur on the conditions of binding agreements for Wooden to style and design and deliver significant graphene production expansion jobs.
Wooden will assist GMG in scaling up and automating its proprietary purely natural gasoline to graphene manufacturing system. The parties’ intent is for Wood to become GMG’s engineering, structure and development contractor for GMG’s in close proximity to and extended-term graphene producing facility demands in Australia and overseas.
Graphene is a person of the principal parts enabling the GMG and College of Queensland graphene aluminium-ion battery (“G+AI Battery”) technological innovation. In 2017 and 2018, GMG created and proved its proprietary graphene creation system to make graphene from pure gasoline (i.e. methane). This method produces high good quality and scalable graphene, suited for use in clean-know-how purposes, which include G+AI Batteries. GMG’s arrangement with Wood is intended to assistance scaling and automation of the graphene output course of action to satisfy graphene offer demands for GMG’s focused G+AI Battery division.
A Letter of Intent was before signed with Bosch (news release 25 Oct 2021) for the structure and shipping of specific G+AI Battery production vegetation. GMG and Wooden will perform in collaboration with Bosch to make an aligned generation process from graphene producing by means of to ultimate G+AI Battery solutions throughout the Firm’s facilities.
GMG’s Managing Director and CEO, Craig Nicol, commented: “We are very pleased and excited to be collaborating with Wooden who are a big, entire world primary engineering business with a substantial concentration on the energy changeover. As we have explained to our shareholders, just one of our essential existing activities is engagement with purchaser and industry companions for G+AI Battery development and this is yet another example of that progression. In parallel we are also creating up our inside battery and graphene engineering capability more by means of a recruitment programme that is underway. Alongside one another with the partnership presently proven with Bosch this is yet another critical move towards GMG’s target to come to be a big world-wide supplier of G+AI Batteries as we continue to de-hazard the business scale up of this technological innovation.”
About Wooden
Wood is a worldwide chief in consulting and engineering throughout electricity and the constructed surroundings, assisting to unlock remedies to some of the world’s most crucial worries. Wooden offers consulting, jobs and functions remedies in far more than 60 international locations, utilizing about 40,000 people today. www.woodplc.com
About GMG
GMG is a thoroughly clean-technological know-how enterprise which seeks to offer strength conserving and strength storage methods, enabled by graphene, including that produced in-property by means of a proprietary production course of action.
GMG has created a proprietary output method to decompose all-natural fuel (i.e. methane) into its components, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This procedure generates higher high-quality, low price, scalable, ‘tuneable’ and reduced/no contaminant graphene acceptable for use in clean up-engineering and other purposes. The Company’s present emphasis is to de-threat and produce professional scale-up capabilities, and secure industry apps.
In the electricity price savings segment, GMG has targeted on graphene enhanced heating, air flow and air conditioning (“HVAC-R”) coating (or electricity-conserving paint), lubricants and fluids. In the strength storage section, GMG and the University of Queensland are doing work collaboratively with fiscal assistance from the Australian Authorities to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
For even further details, you should contact:
– Craig Nicol, Chief Executive Officer and Running Director of the Corporation at [email protected], +61 415 445 223
– Leo Karabelas at Focus Communications, [email protected], +1 647 689 6041
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that term is outlined in the procedures of the TSX Undertaking Trade) settle for accountability for the adequacy or accuracy of this information launch.
Cautionary Observe About Forward-Seeking Statements
This news launch features sure statements and information that could represent ahead-on the lookout information in the this means of applicable Canadian securities guidelines. Forward-hunting statements relate to potential situations or future general performance and replicate the expectations or beliefs of management of the Corporation relating to future activities. Usually, ahead-hunting statements and facts can be determined by the use of forward-on the lookout terminology these kinds of as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that selected steps, functions or outcomes “may perhaps”, “could”, “really should”, “would” or will “perhaps” or “likely” manifest. This details and these statements, referred to herein as “forward‐looking statements”, are not historical specifics, are manufactured as of the date of this news launch and contain without having limitation, statements with regards to timing, completion and the last terms and conditions of binding agreements to be entered into concerning Wooden and the Organization Wood’s function as a complex development lover and the impacts and advantages arising therefrom, which includes facility demands GMG’s skill to deliver its merchandise and the rewards arising from these kinds of merchandise and the commercial progress and complex qualities of selected merchandise.
These forward‐looking statements entail quite a few dangers and uncertainties and true final results may possibly differ materially from effects recommended in any forward-hunting statements. These hazards and uncertainties incorporate, among the other points, threats related to the deployment of the Firm’s means, including that GMG and Wooden will be not able to agree on terms and problems for binding agreements that these types of phrases and situations will differ from the Firm’s expectations that final results and impacts arising binding agreements among GMG and Wood will differ from the Company’s anticipations changes to regional and world industry tendencies and that the Enterprise will be unable to research, establish and make selected items and systems.
In generating the forward seeking statements in this news launch, the Corporation has utilized numerous product assumptions, like with out limitation, assumptions about the Company’s skill to enter into binding agreements with Wooden on the terms dependable with the Company’s expectations that gains and impacts arising from binding agreements in between the Corporation and Wooden will be dependable with the Firm’s anticipations the Company’s potential to investigation, produce and test its items in predicted timelines and industry need for the Firm’s solutions.
Despite the fact that administration of the Business has attempted to determine critical variables that could trigger genuine success to vary materially from individuals contained in forward-seeking statements or forward-seeking data, there may possibly be other components that result in benefits not to be as anticipated, approximated or supposed. There can be no assurance that these types of statements will confirm to be precise, as actual effects and long run occasions could vary materially from these expected in these statements. Accordingly, readers should not spot undue reliance on ahead-on the lookout statements and ahead-searching data. Visitors are cautioned that reliance on this kind of facts may not be proper for other uses. The Company does not undertake to update any ahead-wanting assertion, ahead-seeking details or economic out-glimpse that are incorporated by reference herein, other than in accordance with applicable securities legal guidelines. We request safe and sound harbor.
To check out the source model of this push release, make sure you stop by https://www.newsfilecorp.com/release/115227