GEON(R) Performance Solutions Announces Polymax(TPE) Acquisition

WESTLAKE, OH, Dec 2, 2023 – (ACN Newswire) – GEON Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced today the acquisition of Polymax(TPE) which specializes in the development of premium thermoplastic elastomer (TPE) materials for manufacturers across a diverse range of industries throughout North America, Asia and Europe. Polymax(TPE) has two full-service manufacturing sites in Nantong, Jiangsu, China, and Waukegan, Ill, USA.

“Founded in 2005 in Nantong, Jiangsu, China, and expanded to include the Waukegan, Ill, USA facility in 2015, Polymax(TPE) is a recognized leader in TPE research, development and manufacturing, serving customers globally. This addition represents a key step forward in GEON’s strategy. The Nantong facility and tenured team will enable us to better serve our customers in the Asia-Pacific region and the facility in Illinois will support our continuous growth in North American markets through expanded polymer solutions and market access. We intend to maximize the incredible expertise of the Polymax(TPE) team augmented by the resources of GEON and look forward to bringing its TPE solutions to our customers,” said GEON CEO Tracy Garrison.

“Polymax(TPE)’s leading thermoplastic elastomer technology will be fully leveraged by GEON to make the combined company a global leader in thermoplastic elastomer. This alignment secures a strong future for our customers,” said Dr. Martin Lu, chief technology officer and co-founder of Polymax(TPE).

Sales and manufacturing operations for both companies will continue as usual through the transition.

About GEON Performance Solutions

GEON Performance Solutions is a global leader in the formulation, development and manufacture of performance polymer solutions. With a portfolio of highly adaptable vinyl and polyolefin polymer technologies as well as a full-service manufacturing business, GEON combines three powerful traditions into a single, customer-focused business. GEON Performance Solutions is a leading innovator in the development of performance material solutions for a broad range of markets, including appliances, building & construction, electronics, healthcare, transportation, wire & cable and more. GEON Performance Solutions has approximately 1,000 global associates and 12 world-class manufacturing plants with headquarters in Westlake, Ohio. Please visit us at geon.com to learn more. GEON Performance Solutions is a portfolio company of SK Capital Partners.

About SK Capital Partners

SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher-performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $17 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The firm currently has approximately $7.9 billion of assets under management. For more information, please visit skcapitalpartners.com.

Contact Information
Grace Liu
Director of Marketing
grace.liu@geon.com
+1 (216)-678-7099

APB Announces Resilient Q4 FY2024 Financial Performance admist Market Fluctuations

SHAH ALAM, Malaysia, Nov 30, 2023 – (ACN Newswire) – APB Resources Berhad (“APB” or the “Group”), a leading fabricator of design engineering equipment, today announced the Group’s financial results for the fourth quarter of financial year 2024 (4QFY2024).

The Board of Directors has approved a change in the Company’s financial year end from 30 September 2023 to 31 March 2024. The next financial year will span from 1 October 2022 to 31 March 2024, covering an 18-month period. Subsequent financial year ends will be on 31 March annually, allowing sufficient time for newly appointed Directors in June 2023 to gain a better understanding of business operations.

In the face of dynamic market conditions, APB maintained a solid revenue standing at RM18.9 million for 4QFY2024. While this reflects a slight adjustment of 5.1% year-on-year (YoY) from RM20.0 million, it underscores the Group’s ability to sustain its business operations amidst varying market demands. This period saw a strategic shift in the Group’s product mix, resulting in a gross profit margin of 33.9%, compared to 37.1% in 4QFY2022.

The Group’s profit after tax for the quarter was RM2.3 million. This outcome, while modest compared to RM4.8 million in 4QFY2022, is largely a result of prudent financial adjustments, including the net reversal of impairment losses on trade receivable and liquidated and ascertained damages from the prior year. Notably, APB showcased operational resilience on a quarter-on-quarter (QoQ) basis, achieving an uptick in profit after tax, rising from RM2.0 million in the preceding quarter to RM2.3 million in 4QFY2024. This improvement is attributed to an enhanced gross profit margin, bolstered by a more favourable product mix.

The management team of APB commented: “Our strategic efforts are now more crucial than ever. With the welcome addition of Datuk Koon Poh Tat as a substantial shareholder in June 2023, and the recent appointments of new members to our Board of Directors, we are invigorated and well-prepared to navigate the evolving market landscape. As we see a gradual uptick in demand within our key markets, we are poised to leverage our extensive experience in the fabrication of process equipment to meet this growing demand and drive our next phase of growth. These new developments within our leadership structure reinforce our commitment to strategic advancement and operational excellence.”

To conclude, APB is optimistic about the future, especially in the fabrication sector. With the industry showing signs of revived capital spending, particularly in areas where APB has established its expertise such as oleo-chemical, oil & gas, energy, and petrochemical sectors, the Group is well-positioned to capitalize on these emerging opportunities.

As of 30 November 2023, the share price of APB stands at RM2.41, representing a market capitalisation of RM272.0 million.

Genetec Powers ahead with Steady Growth in Q2FY2024

BANGI, Malaysia, Nov 29, 2023 – (ACN Newswire) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD recorded another strong quarter for their second quarter financial year 2024 (Q2FY2024). The Company registered a total revenue of RM72.4 million, up by 2.4% year-on-year (YoY), driven by increased orders in the electric vehicle (EV) and energy storage segment, demonstrating continued business resilience and growth momentum. Genetec’s profit before tax (“PBT”) and profit after tax (PAT) stood at RM18.7 million and RM17.4 million respectively for the quarter under review.

The Company delivered a high gross profit margin of 32.0% but noted a 12.4% decrease compared to the corresponding quarter of the preceding year (Q2 FY2023). Genetec’s margins remained steady, in the high double digits, demonstrating the Company’s continued cost discipline, rigorous management with regards to their project and time management, supply chains and delivery.

The EV and energy storage segments continues to be the significant contributor to the Company’s revenue performance, emphasising the success and impact of their offerings in these segments and strong customer support. Moving forward, the Company remains committed to capitalising this strength while actively seeking growth opportunities across other segments. At the end of the quarter, Genetec’s earnings per share (“EPS”) stood at 2.41 sen (fully diluted) compared to 2.30 sen (fully diluted) in Q1 FY2024.

Co-founder and Managing Director of Genetec, Chin Kem Weng emphasised, “Our current progress and strong pipeline indicates that we are on track with our plans for the year. We have been working very closely with our partner to capture opportunities in the renewable energy (RE) segment through our Battery Energy Storage System (BESS), MYBESS. At the same time, Genetec is deepening and broadening our collaboration with key clients to ensure we continue to be their go-to supplier for their automation needs, and top-of-mind when it comes to new tenders and product development. We have also participated in roadshows internationally and will be showcasing MYBESS at the COP28 UAE in Dubai.”

On 27 October 2023, Genetec completed its transition from the ACE Market to the Main Market of Bursa Malaysia, marking another key milestone for the Company. “By becoming a Main Market constituent, we hope to improve our visibility and access to capital as we continue to grow the business. At the same time, we are working hard to advance our solutions and MYBESS. To date, we have rolled out MYBESS 2.0, a smaller form factor version for more efficient use of limited space. MYBESS 3.0 is in progress, which will incorporate artificial intelligence (AI) in the BESS, offering customers greater intelligence and convenience in managing and monitoring the health of the battery over time, optimising performance or damage prevention, to proactive servicing to ensure optimal performance,” Chin added.

Globally, the shift towards EVs is gaining momentum. The definitive shift towards zero and lower carbon emissions solutions for both retail and commercial transport and energy sources, across different businesses and countries, will continue to drive demand for solutions in eMobility and energy storage.

“As more policies and incentives relating to EVs are introduced to accelerate the adoption of EVs or lower emission vehicles, Genetec is strategically positioned to capitalise on these trends. We are working closely with government agencies and are actively pursuing new ventures with global clients, engaging in discussions and developments that can yield revenue and exciting new projects for the Company,” he concluded.

About Genetec Technology Berhad

Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the ACE Market since 2005 and successfully transitioned to the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104) on 27 October 2023. Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information please visit: https://genetec.net/ .

Yew Lee Announces RM5.7 Million Revenue for Q3

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Yew Lee Pacific Group Berhad (“Yew Lee” or the “Group”), a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM5.7 million for the third quarter ended 30 September 2023 (“3Q FY2023”).

Managing Director of Yew Lee, Mr. Ang Lee Leong

In 3Q FY2023, Yew Lee reported a revenue of RM5.7 million, compared to RM6.1 million in the same quarter of the previous year. This change is primarily due to variations in sales orders. Notably, the Group’s manufacturing business remained profitable, contributing positively to the overall financials. However, an overall slight loss after tax of RM0.1 million was recorded for this quarter, against a profit after tax of RM0.8 million in the corresponding period last year. This was largely due to challenges faced in the trading business segment, which offset the gains from manufacturing.

The revenue breakdown for 3Q FY2023 shows that the manufacturing segment contributed RM3.5 million, while the trading segment accounted for RM2.2 million. The manufacturing segment of Yew Lee demonstrated resilient performance, achieving an operating profit of RM0.3 million. In contrast, the trading segment faced some setbacks, resulting in an operating loss of RM0.3 million.

On a quarter-on-quarter basis, revenue rose to RM5.7 million in 3Q FY2023 from RM5.1 million in the previous quarter, an increase of 11%. This was attributed to a slight uptick in sales orders. The quarter’s loss after tax of RM0.1 million improved from a RM0.4 million loss in the preceding quarter, influenced by income tax expense and higher administrative expenses in the previous quarter, partially cushioned by a shift towards higher-margin products.

Mr. Ang Lee Leong, Managing Director of Yew Lee, stated, “While the rubber glove industry continues to be a significant sector for us, we are actively exploring new avenues for growth. Our commitment to diversifying our market reach and enhancing our operational efficiency remains steadfast. We are optimistic about the future and believe that our strategic initiatives will enable us to generate increased income and ensure Yew Lee’s resilience and long-term stability in a dynamic global market. In addition, our trading segment will endeavor to secure larger and more consistent plus sustainable contracts as part of our ongoing turnaround strategy.”

In line with the Group’s strategy to expand its market presence, Yew Lee is establishing a new subsidiary in Thailand, focusing on industrial brush manufacturing. This decision comes after careful evaluation of the Thailand market, where a stable demand for industrial brushes has been identified. The Group is investing RM9 million from its IPO proceeds for this venture, with RM5.5 million allocated for purchasing additional manufacturing machinery and equipment, and RM3.5 million for setup costs and working capital requirements. So far, an investment of RM1.2 million has been made towards this expansion. Yew Lee’s venture into Thailand is a strategic move to strengthen the Group’s market position and enhance its competitiveness in the Southeast Asian region.

As at 23 November 2023, the share price of Yew Lee stands at RM0.37, representing a market capitalisation of RM197.7 million.

Rio Tinto & GMG Battery Partnership Video Launch

Brisbane, Queensland, Australia–(ACN Newswire – November 13, 2023) – Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on the battery development partnership with Rio Tinto (“Rio Tinto”). The launch of this promotional video will celebrate the partnership between GMG and Rio Tinto to develop graphene aluminium ion batteries.

Figure 1

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The launch YouTube video can be seen at https://youtu.be/_ZD-uHcGxtQ?si=S3X2lknqpXcHan6O

On the 18^th May 2023, GMG announced that GMG and Rio Tinto had signed a binding Joint Development Agreement (“JDA”) with the goal of accelerating the development and application of GMG’s Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.

Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG’s Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.

The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG’s Energy Saving and Energy Storage solutions (see Company announcement on 18^th May 2022). The JDA aims to co-develop GMG’s Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept. Rio Tinto will seek to involve Original Equipment Manufacturers (“OEMs”), including Heavy Mobile Equipment OEMs, to work with GMG and Rio Tinto to align the battery pack development with end-use requirements.

Success could see performance enhancements for Rio Tinto, including faster charging and longer-life batteries for heavy mobile equipment and grid energy storage, as well as supporting Rio Tinto’s decarbonisation ambitions.

GMG will retain ownership of the intellectual property of the GMG Graphene Aluminium Ion Battery Pouch Cell and Battery Pack. Upon successfully completing the joint project, Rio Tinto will have the right to procure and use the batteries in their operations.

Rio Tinto Chief Scientist, Nigel Steward, said, “We are excited with the progress made with our partnership with GMG to date. We both share a vision of a low-carbon future and for Rio Tinto, it’s a crucial time to partner with companies like GMG to accelerate battery technology and innovation. We are looking forward to continuing our collaboration and leveraging our combined expertise and resources to develop a truly green battery that has the potential to improve the way we supply and store energy.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “GMG is genuinely excited about our ongoing collaboration with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. We are happy with the progress to date with our joint development with Rio Tinto on the Graphene Aluminium-Ion battery and their applications.”

Jack Perkowski, GMG’s Chairman, commented: “I am very pleased with the progress made between GMG and Rio Tinto on battery development and look forward to seeing the next stages of the development program rollout. We are proud to be chosen as Rio Tinto’s partner.”

About GMG www.graphenemg.com

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 paint), 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 remain to:

Produce Graphene and improve/scale the production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

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

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the launch of the promotional video, Rio Tinto’s contributions under the JDA, the goals of the JDA, the involvement of OEMs in the development of the Company’s graphene aluminium ion batteries, the potential benefits and applications of a graphene aluminium ion battery pack, the continued partnership between Rio Tinto and GMG, and the benefits therefrom, and the next stages of the development program rollout.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the launch of the promotional video, that the JDA and partnership with Rio Tinto will proceed as currently contemplated, that the Company will derive the expected benefits from the JDA and partnership with Rio Tinto, that the successful development of a graphene aluminium ion battery pack will yield the expected benefits and be applicable to the anticipated industries, and that the next stages of the development program rollout will align with management’s expectations. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the launch of the promotional video will differ for management’s expectations, that the JDA and partnership with Rio Tinto will not continue as currently contemplated, that OEMs will not participate in the development of the Company’s products, that the Company will be unable to successfully develop a graphene aluminium ion battery pack, or that a graphene aluminium ion battery pack will not provide the expected benefits or be applicable to the expected industries, that the development program rollout will not proceed to the next stages, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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GMG Provides Commercialisation Update on Energy Savings Coating THERMAL-XR(R)

Brisbane, Queensland, Australia–(ACN Newswire – October 30, 2023) – Graphene Manufacturing Group Limited (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® powered by GMG Graphene.

GMG has now received forward orders of over AU$400k for THERMAL-XR® from various distributors and customers worldwide. Most of the value of these orders is conditional on the in-country approval for the THERMAL-XR® to be imported from Australia and sold into that country for the product’s initial launch.

The Company also continues to progress negotiations with a wide range of distributor and direct industrial end-use customers for a range of applications and hopes to make further announcements soon.

Preparations for the early 2024 product launch in the USA by Nu-Calgon are advanced with marketing, sales and customer engagement activities well progressed supported by continuing demonstrations of successful energy savings results. A recent demonstration project in Texas achieved an estimated 36% energy savings result, as per Figure 1. The air conditioner serviced was a 30-ton Aaon packaged rooftop air-conditioning system, as per Figure 2.

Figure 1.0 Energy Consumption Reduction from Thermal-XR® Service

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Figure 2.0 Air Conditioning Equipment for Texas Demonstration Project

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THERMAL-XR® is progressing through the USA Environmental Protection Agency’s (EPA) approval process to import and sell in the USA. All the required documentation has been submitted, and the EPA has assigned a case number as part of the thorough evaluation of the product’s safety and environmental impact. The Company believes the potential approval will be received in Q4’23.

To support distributors, and advance the adoption and ease of explanation for THERMAL-XR® GMG has developed an online virtual tour of the THERMAL-XR® Demonstration Centre on its website:
www.graphenemg.com/graphene-products/thermal-xr/virtual-tour/

GMG has also successfully passed Stage One (Gap Analysis) of the ISO 9001 accreditation process and is on track to complete the final stages and receive full accreditation for ISO9001, for Quality Management, in H1 2024. GMG sees ISO 9001 accreditation as an important table stake to become a commercial manufacturing operation for our energy saving and energy storage products while also providing a structured basis for continuous improvement for our company’s operations and customer satisfaction.

GMG’s Managing Director and CEO, Craig Nicol, commented: “The progress GMG is making is exciting. End customers and distributors are now starting to generate notable revenue for the Company, and our THERMAL-XR® product is now starting to be recognised as being an energy-savings solution for Heating, Ventilation, Air-Conditioning, Cooling and Refrigeration (HVAC-R) equipment as well as a range of industrial applications. We continue to build capabilities to support these expected increased sales by upgrading our production facilities including our quality management systems.”

GMG’s 4 critical business objectives remain to:

Produce Graphene and improve/scale the production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

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 www.graphenemg.com

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.

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the progression of end-user engagement in the United States, the official NuCalgon launch and the timing thereof, the impact of case studies on establishing the North American user experience with THERMAL-XR®, the advancement of GMG’s ISO 9001 accreditation and the timing and benefits therefrom, the progression of THERMAL-XR® through the Environmental Protection Agency’s approval process, and the recognition of THERMAL-XR® as an energy savings alternative for HVAC-R equipment.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the timing and benefits of the expected official NuCalgon launch, the impact of case studies on establishing the North American user experience with THERMAL-XR®, that positive energy savings results will drive user engagement in the United States, that GMG will obtain its ISO 9001 accreditation on the expected timeline and derive the expected benefits therefrom, that THERMAL-XR® will progress through the Environmental Protection Agency’s approval process on the expected timeline, and that recognition of THERMAL-XR® as an energy savings alternative in the HVAC-R market is increasing. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the expected official NuCalgon launch will not occur in early 2024 or at all, that the Company’s case study will not help establish a North American user experience with THERMAL-XR®, that THERMAL-XR®’s energy saving results will not drive user engagement as currently expected by management, that GMG will not obtain its ISO 9001 accreditation in H1 2024 or at all, that THERMAL-XR® will not be approved by the Environmental Protection Agency by Q4 2023 or at all, that THERMAL-XR® will not be seen as an energy savings alternative in the HVAC-R market, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 18, 2022 available for review on the Company’s profile at www.sedarplus.ca.

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Graphene Manufacturing Group Board Appoints Former Wall Street Veteran and Manufacturing Entrepreneur Jack Perkowski to Chair of Board of Directors

Brisbane, Queensland, Australia–(ACN Newswire – October 24, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to advise that Company Director Mr. Jack Perkowski, based in New Jersey USA, is appointed by the Company’s board of directors as Chairman of the Board effective October 24, 2023.

Mr. Jack Perkowski

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Upon graduation from Yale and the Harvard Business School, Mr. Perkowski spent twenty years on Wall Street as Head of investment banking at Paine Webber, a major securities firm that was eventually acquired by UBS in 2000. In 1991, Mr. Perkowski moved to Hong Kong in order to focus on the development of Asia and China, and in 1994 founded Beijing based ASIMCO Technologies. From 1994 to 2008, Mr. Perkowski served as the Chairman of ASIMCO’s Board of Directors and the company’s Chief Executive Officer, building ASIMCO into one of the most important players in China’s automotive components industry. Under Mr. Perkowski’s leadership, ASIMCO gained a reputation for developing local management and integrating a broad-based China operation into the global economy. ASIMCO was later sold to a private equity firm in 2010 and is still regarded as one of the most successful automotive component manufacturing companies in China. Upon leaving ASIMCO, Mr Perkowski founded JFP Holdings, a merchant banking firm focused on China, where he now serves as Chairman.

GMG’s CEO Craig Nicol stated, “I’m very excited to see Jack becoming Chair of the Board of Directors of the Company to support our progression into a commercial manufacturing operation. It is very clear North America is of strategic importance for GMG for capital markets, end product markets and also potential future operational projects – and so I very much look forward to working with Jack – being based in the USA – to support our transition into an Australian and North American commercial manufacturing operation. I also want to thank Guy Outen for his role as Chair of the Board of Directors for the past four years – including his work as Audit Committee Chair.”

Jack Perkowski, GMG’s Chair added, “I’m delighted to be appointed by my fellow Directors to Chair of the Board of the Company. I look forward to leading the board into the next phase of the company’s development cycle into a commercial manufacturing operation – especially with focus on North American markets for capital and our products and the potential for Australian and North American operational projects. I also look forward to working with Craig in this endeavour and I thank Guy for his work to date as Chair of the Board for the past four years.”

GMG’s 4 critical business objectives remain to:

Produce Graphene and improve/scale the production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

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, with low cost inputs, 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.

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the effective date on which Mr. Perkowski will become chair of the board of directors, and the contributions Mr. Perkowski will make to the Company in his capacity as a chair of the board of directors.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the effective date on which Mr. Perkowski becomes the chair of the board of directors, and his contributions as a chair of the board of directors differing from management’s current expectations.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the effective date on which Mr. Perkowski will become the chair of the board of directors, and the positive impact Mr. Perkowski will have on the Company’s development in that role.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185067

GMG Provides Details of 2023 AGM To Be Held Virtually

Brisbane, Queensland, Australia–(ACN Newswire – October 16, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company“) is providing details of its upcoming Annual Meeting of shareholders (“AGM“) to be held virtually on Tuesday, November 27, 2023, at 8:00 a.m. Brisbane Australian Eastern Standard Time (being Monday, November 26, 2023 at 2:00 p.m. (Canadian Pacific Standard Time).

TO VOTE AHEAD OF THE VIRTUAL AGM

The AGM will be held in a virtual format, allowing shareholders to have an equal opportunity to participate at the AGM online regardless of their geographic location.

The meeting materials, consisting of the notice of meeting, management information circular and related materials (collectively the “Meeting Materials“) will be mailed on or about October 23, 2023. If you have not received your copy of the Meeting Materials by November 10, 2023, please contact your broker if you are a non-registered shareholder, or contact Computershare if you are a registered shareholder. The Meeting Materials outline in detail how to participate at the AGM.

Where a shareholder has previously consented to electronic delivery, the Meeting Materials will be sent to the shareholder electronically.

Non-registered shareholders are encouraged to contact their brokers to register for electronic delivery of GMG’s Meeting Materials.

The Meeting Materials are available at GMG’s profile on SEDAR+ at www.sedarplus.ca as well as in the Investors Section of GMG’s website at https://graphenemg.com/agm-materials/.

As in prior years, shareholders have multiple options to cast their vote ahead of the AGM, which include on-line, via telephone or via mail. Details on using each method are included in the Circular and the form of proxy. Shareholders who are planning to vote ahead of the AGM must submit their proxy voting instructions to Computershare no later than 8:00 a.m. Brisbane Australian Eastern Standard Time on Friday, November 24, 2023, being 2:00 pm (Canadian Pacific Standard Time) on Thursday, November 23, 2023.

ATTENDING THE VIRTUAL AGM

All shareholders will be able to attend the AGM virtually. To do so, login online at https://web.lumiagm.com/441166300, Meeting ID: 441-166-300, Password: graphene2023 (case sensitive).

All securityholders MUST register any third party appointments at www.computershare.com/graphene in advance of the AGM. Failure to do so will result in the appointee not receiving login credentials.

Registered Holders will be asked to enter the 15 digit control number provided on your form of proxy provided by Computershare.

Appointed Proxyholders will be asked to enter the user name provided by Computershare via email, provided your appointment has been registered.

Attendees who do not enter the 15 digit control number or the user name provided by Computershare will only be allowed to register for the AGM as a “Guest”.

It is recommended that attendees log in 15 minutes prior to the start time of the AGM.

TO VOTE OR ASK QUESTIONS AT THE VIRTUAL AGM

For registered shareholders and duly appointed proxyholders to vote their proxies and/or ask questions at the AGM, please follow the instructions set out in the Meeting Materials.

All shareholders wishing to have a question addressed at the virtual AGM can avoid the registration requirements set out in the Meeting Materials by submitting them in advance to AGM23@graphenemg.com. Questions will be collected, organized by theme and posed to management at the AGM. GMG is committed to addressing all appropriate questions submitted by shareholders either live during the AGM or in advance, as timing and circumstances permit.

Shareholders who have questions on how to vote their proxy in advance of the AGM, or on how to register to vote at the AGM, can contact AGM23@graphenemg.com.

Attendees who have registered for the AGM as a “Guest” will not have the ability to vote at the AGM or ask questions.

Shareholders are reminded that if you vote in advance of the Meeting you are not required to vote again on the day of the Meeting.

Board appointments

Emma FitzGerald, Guy Outen and Robert Shewchuk are not standing for re-election.

GMG thanks the outgoing directors for their role in the growth of GMG, and wishes them all the best in their future endeavours.

In anticipation of these departures, GMG has appointed to the board Robert Galyen, Andrew Small and Jack Perkowski, who all propose to stand for re-election at this AGM along with Craig Nicol and Will Ollerhead. Each of these new appointees bring significant additional and relevant experience to the GMG board, and are uniquely qualified to facilitate the next stage of growth for GMG.

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, with low cost inputs, 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.

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

https://graphenemg.com/

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the ability of the Company to generate revenue from energy saving products, political support of the industry, and future market and distributor demand for the Company’s products.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things risks relating to the Company failing to generate revenue from energy saving products, if at all, political support of the industry, the blending plant’s ability to service future market and distributor demand, and future demand for the Company’s products.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to generate revenue from energy saving products, political support of the industry, and future demand for the Company’s products.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184136

Over 50 advanced manufacturing innovations to launch at Industrial Transformation ASIA-PACIFIC 2023

SINGAPORE, Oct 10, 2023 – (ACN Newswire) – The sixth edition of Industrial Transformation ASIA-PACIFIC (ITAP) will be the launchpad for over 50 new-to-market and new-to-region products and solutions set to transform the region’s advanced manufacturing sector.

Organised by Constellar with international partner Deutsche Messe, ITAP 2023 will focus on three key dimensions: Sustainability, Optimising Manufacturing Efficiency, and Supply Chain Resilience; convening over 300 exhibitors, 100 speakers and 18,000 delegates, trade visitors and attendees from 18 – 20 October at Singapore EXPO.

Guest-of-Honour Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies, will be launching the event at its opening ceremony on 18 October.

“Recent disruptions have placed a greater impetus for manufacturers and businesses in the global supply chain to adopt new technological innovations and sustainable solutions to remain competitive. As the region’s leading marketplace for connecting businesses, ideas, and networks in the advanced manufacturing sector, ITAP 2023 continues to be the preferred platform for industry players to discover Industry 4.0 innovations and gain insight to how emerging technologies such as AI and digital twins contribute to the accelerated pace of industrial transformation experienced in many sectors today,” said Paul Lee, Chief Executive (Markets) at Constellar.

Key product highlights will be showcased at the I4.0 Tech Capsule stage on the ITAP 2023 exhibition floor, including direct current grids by LAPP Asia Pacific to increase energy efficiency and cost savings for industry 4.0 solutions, a unified data collection and analytics platform by Litmus Automation to make sense of industrial data, as well as Profet AI which empowers organisations to efficiently implement AI solutions that address daily production and business needs.

Spanning 20,000 sqm across two halls, the exhibition will also feature made-in-Singapore innovations such as a new plug-and-play IoT-powered Ops-analytics Solution by Auk Industries, an AI-powered AR platform by Clemvision combining machine vision with human dexterity, as well as the industry’s first mobile robot-powered dual-unit picking station.

“For the past five years, ITAP has played an important role in bringing together manufacturers from the Asia-Pacific region to connect with global technology leaders game on meeting the industry’s changing needs. I’m confident that this year’s edition of ITAP will continue to be a critical platform in fostering international collaboration, catalysing cross-border innovation and further advancing manufacturing capabilities for a better, brighter future,” said Dr. Jochen Köckler, Chief Executive, Deutsche Messe.

Event Highlights

Global industry leaders, decision makers and key players in the region’s business ecosystem will be joining the robust three-day conference programme at ITAP 2023, with highlights such as the Industrial Transformation Forum, the invitation-only Future of Manufacturing (FOM) CXO Summit, and the Industrial Innovation Stage.

Expert speakers at ITAP this year include President of Boeing Southeast Asia Alex Feldman, Global CTO of Smart Manufacturing, Edge Compute and Digital Twins at DELL Technologies Todd Edmunds, Managing Director & Co-Founder of Semodia GmBH Anna Menschner, Head of Enterprise ASEAN at Amazon Web Services Vikram Rao, Senior Director Factory Automation Sales Asia-Pacific of Siemens Digital Industries Sascha Maennl and General Manager Logistics Technology Business of Cainiao Candice Yuan.

On the exhibition floor, delegates and trade visitors can explore cutting-edge technologies and learn from use-cases at interactive experience zones, as well as join off-site tours to leading innovation centres and advanced factories in Singapore. ITAP 2023 Founding Sponsor Siemens will also be presenting solutions such as the open digital business platform Siemens Xcelarator with a curated portfolio of products, services and solutions, as well as Industrial Operations X, which helps to accelerate the engineering, execution and optimisation of industrial operations.

Siemens will also showcase how it is applying its industrial automation and digitalisation solutions to a vertical farm from local start-up Artisan Green, boosting the farm’s operational efficiency and productivity. Additionally, visitors to the Siemens booth at ITAP 2023 can meet with the winners from Siemens’ “This is Industrial Edge” competition, who will be showcasing solutions that can either improve manufacturing processes and/or sustainability, using Industrial Edge products.

“As a conference that is designed and curated to help companies start, scale and sustain their adoption of Industry 4.0 processes and solutions, ITAP is the perfect platform for Siemens to show how we are combining the real and digital worlds to help our customers become more competitive, resilient and sustainable,” said Isabel Chong, Head of Siemens Digital Industries ASEAN.

ITAP is also excited to welcome global semiconductor leader Analog Devices as the Platinum Sponsor at the event for the first time. “As the prime event that brings together leading players and stakeholders across the manufacturing value chain, ITAP is the go-to platform for Analog Devices to showcase our innovation and manufacturing capabilities that create long-term value for our customers,” said Jerry Fan, Senior Vice President, President of Asia Pacific for Analog Devices.

If you’d like to attend ITAP 2023, click here to register.

To check out the key topics and speakers at this year’s ITAP, click here.

About Industrial Transformation ASIA-PACIFIC – A HANNOVER MESSE Event

Organised by Constellar with international partner Deutsche Messe, Industrial Transformation ASIA-PACIFIC –a HANNOVER MESSE event (ITAP) is Asia Pacific’s go-to platform for companies and governments looking to start, scale and sustain their adoption of Industry 4.0 (I4.0) processes and solutions across industries and sectors. ITAP offers comprehensive content-rich learning avenues and themed activity zones for companies at various stages of business transformation to explore, collaborate and co-create solutions to future-proof their businesses.

Cohesively, ITAP brings together a self-contained ecosystem and helps build a professional community for end-to-end engagements among I4.0 practitioners, technology & solution providers, industrial companies, component manufacturers, software companies, manufacturing solutions suppliers, service companies & consultancies and start-ups. For more information, please visit the official ITAP website.

About Constellar

Constellar connects a global eco-system of event partners and consumers through a holistic portfolio of intellectual property (IP) in the Meetings, Incentives, Conventions and Exhibitions (MICE) industry. As Asia’s partner of reference for curating innovative event and venue experiences, Constellar activates impactful networks to bring global markets, businesses and consumers together for sustainable growth. With our expertise and dedication, we are invested in helping you build trusted relationships with stakeholders for the long term and enabling cross-industry collaboration through world-class audience engagement solutions. Visit constellar.co for more information.

HANNOVER MESSE – Home of Industrial Pioneers

HANNOVER MESSE is the world’s leading trade show for industrial technology. With the lead theme Industrial Transformation, it spotlights all of the latest trends in industry, including Industry 4.0, artificial intelligence, 5G and smart logistics.

About Deutsche Messe AG

As one of the world’s foremost organizers of capital goods trade fairs, Deutsche Messe (Hannover, Germany) stages a rich array of events at venues in Germany and around the globe. With 2018 revenue of 310 million euros, Deutsche Messe ranks among Germany’s top five tradeshow producers. The company’s portfolio features such world-class events as (in alphabetical order): didacta (education), DOMOTEX (carpets and other floor coverings), HANNOVER MESSE (industrial technology), INTERSCHUTZ (fire prevention, disaster relief and safety & security), LABVOLUTION (lab technology) and LIGNA (woodworking and wood processing tools, equipment and machinery). Deutsche Messe also stages trade fairs at other German venues, for example parts2clean (industrial parts cleaning) and SurfaceTechnology (surface treatment).

The company also regularly hosts a number of internationally renowned events by third parties, among which are AGRITECHNICA (agricultural machinery) and EuroTier (animal production), both of which are staged by the German Agricultural Society (DLG), EMO (machine tools; staged by the German Machine Tool Builders’ Association, VDW), EuroBLECH (sheet metal working; staged by MackBrooks) and IAA Commercial Vehicles (transport, logistics and mobility; staged by the German Association of the Automotive Industry, VDA). Deutsche Messe’s portfolio also includes trade fairs in Australia, Canada,

China, Indonesia, Italy, Mexico, Russia, Singapore, Thailand, Turkey and the USA. Among the sectors addressed at these overseas events are Automotive, ICT & Digital Business, Manufacturing & Processing Industries, Energy & Logistics and Metal Processing. With more than 1,200 employees and a network of 56 sales partners, Deutsche Messe is present in about 100 countries.

Media Assets can be downloaded here.

For media enquiries and interview requests, please contact:
Dax Lim
Manager, Communications & Culture
Dax.lim@constellar.co
+65 9019 6133

The Constellar Communications team can also be reached at comms@constellar.co

‘Manufacturing 5.0 Metamorphosis of Business’ Event Set to Transform Pune, Maharashtra

PUNE, India, Oct 9, 2023 – (ACN Newswire) – We are excited to announce the upcoming “Manufacturing 5.0 Metamorphosis of Business” event, a pivotal gathering that is poised to revolutionize the manufacturing and business landscape. Scheduled to take place in the vibrant city of Pune, Maharashtra, this event promises to be an extraordinary exploration of the future of manufacturing.

Event Details:
Event Name: Manufacturing 5.0 Metamorphosis of Business
Date: 3rd November
Location: Pune, Maharashtra
Website: https://m5summit.com/

Manufacturing 5.0 represents a transformative phase in the manufacturing industry, marked by the convergence of cutting-edge technologies, data-driven insights, and sustainable practices. This event will bring together industry leaders, experts, and innovators to delve into the latest trends, strategies, and technologies driving this exciting evolution.

Key Highlights:

Expert Insights: Attendees will have the opportunity to learn from thought leaders and pioneers in the field of manufacturing and business transformation. These experts will share their knowledge and experiences, providing valuable insights into the future of the industry.

Networking Opportunities: The event offers a unique platform for networking and collaboration. Participants will connect with professionals from diverse backgrounds, fostering partnerships and collaborations that can drive growth and innovation.

Innovation Showcase: Explore the Innovation Showcase, where cutting-edge technologies and solutions that are shaping the future of manufacturing will be on display. Witness firsthand the latest advancements in automation, artificial intelligence, sustainability, and more.

Interactive Workshops: Engage in interactive workshops designed to provide practical skills and knowledge. These sessions will empower attendees to implement the latest strategies and technologies in their organizations.

Don’t miss this opportunity to be a part of the “Manufacturing 5.0 Metamorphosis of Business” event. Register now at https://m5summit.com/register-now to secure your spot and stay ahead of the curve in the ever-evolving world of manufacturing.

About Empiric Business Media

Empiric Business Media is a leading authority in the corporate world. With a commitment to innovation and excellence, we aim to bring together industry professionals and thought leaders to drive positive change and progress.

For media inquiries, sponsorship opportunities, or further information, please contact: +91-9820009937