GMG Provides Business Update On Australian Federal Government Engagement

(MENAFN- Newsfile Corp) Brisbane, Queensland, Australia--(Newsfile Corp. - October 21, 2024) - Graphene manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the government engagement progress for the Company.

GMG continues to engage with various members of Australian federal Government including a recent visit to the Australian Parliament in Canberra, Australia's capital city, to see the Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, as seen in Figure 1, to discuss GMG's battery manufacturing progress and how a number of Federal Government policies including the Future Made in Australia Battery Breakthrough could potentially support GMG.

Figure 1: GMG CEO and CFCO meet with Honourable Senator Tim Ayres

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GMG also met the Speaker of the House of Representatives the Honourable Milton Dick, as seen in Figure 2, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2023 when Milton formally opened the Graphene coating blend plant.

Figure 2: GMG CEO and CFCO meet with Speaker of the House of Representatives Honourable Milton Dick

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GMG also met Queensland Senator the Honourable Anthony Chisholm, as seen in Figure 3, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2022.

Figure 3: GMG CEO and CFCO meet with Senator the Honourable Anthony Chisholm

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GMG's Managing Director and CEO, Craig Nicol, commented: "GMG continues to engage Government at all levels, including local, state and federal government, with the aim to help ensure its leading energy saving and energy storage products align with government policy to support the energy transition."

GMG's Chairman and Director, Jack Perkowski, commented: "We believe that Engagement with Government is important in the very dynamic markets GMG is focused on selling its product into, and we plan to continue engaging with Government as policies are rolled out in various key markets around the world."

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

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