Graphene Manufacturing's Thermal-XR to start U.S. sales

Executive Summary

• Graphene Manufacturing Group Ltd. (GMG) has received a consent order from the United States Environmental Protection Agency (EPA) approving the import and sale of its Thermal-XR graphene-based coating system in the U.S.
• This approval authorizes GMG to export, distribute, sell, use, and dispose of the chemical substance under the Toxic Substances Control Act, marking a major milestone for commercial entry into the North American market.
• GMG will commence commercial sales of Thermal-XR products into the U.S. for industrial use through its exclusive North American distributor, Nu-Calgon Wholesaler Inc., with the first shipment scheduled for immediate dispatch.

Key Details

• Regulatory Approval: The EPA issued a consent order for premanufacture notice PMN P-25-0018 under Section 5(e) of the Toxic Substances Control Act (15 U.S.C. 2604(e)).
• Authorized Activities: GMG is authorized to export, distribute, sell, use, and dispose of the new chemical substance described in the premanufacture notice.
• Product: Thermal-XR Enhance, a graphene-based coating system.
• Target Markets: Heating, venting, air conditioning, and refrigeration (HVAC-R), data centres, liquified natural gas (LNG) plants, automotive, and electronics.
• Distribution Partner: Nu-Calgon Wholesaler Inc., which markets the product as "Nu-Calgon CoolWorx powered by GMG Graphene."
• Commercial Status: Commercial sales into the U.S. for industrial use can now commence, subject to the requirements and conditions of the EPA order.
• First Shipment: The first shipment of Thermal-XR is being sent to Nu-Calgon for distribution in North America.
• Patent Status: The Thermal-XR Enhance coating system is patented for 20 years in Australia and is expected to be patented in other countries.

Notable Quotes

• Craig Nicol, CEO and Managing Director: "We believe that this EPA consent order is a major milestone for GMG as it allows us, together with our exclusive North American distributor Nu-Calgon, to commence commercial sales of Thermal-XR in we what we see as the largest HVAC-R coating market in the world."
• Jack Perkowski, Chairman and Non-Executive Director: "With regulatory clearance now in place, we believe that we can begin converting the strong interest that we have seen from customers into revenue, while leveraging Nu-Calgon's extensive distribution network to reach across the North America to scale Thermal-XR Enhance/CoolWorx deployment over time. We believe that GMG is one of the few companies to have received EPA approval for the export and sale of an unlimited amount of a graphene-based product in the United States of America."