Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) has announced new moves to support the research and development of its graphene technology and production, which it says will “support and accelerate” the company's next phase of development.
The previously separate Technology and Projects teams will be combined into the Projects Team to better integrate the R&D of graphene production with the development of the graphene production plant, the liquid graphene blend plant and the targeted development of the automated battery manufacturing pilot plant, the company said in a statement.
GMG said that the change is aimed at “enhancing opportunities for improvement in process technology and project delivery and accelerate time to market” for future projects, according to a release.
READ: Graphene Manufacturing Group announces two key appointments
The Brisbane, Australia-based firm told investors it believes there are important business opportunities related to GMG's targeted energy-saving and energy-storage solutions, encouraging GMG to invest resources to drive targeted sales from its energy-saving business and support the continued maturation of GMG's graphene-Aluminium Ion battery technology.
As part of the reorganization, GMG has promoted its head of major projects Bobby Bran to the role of Chief Projects Officer, leading the combined Technology and Projects teams.
Bran has over 10 years of experience delivering large-scale multi-million-dollar civil engineering projects on behalf of several major contractors.
Meanwhile, Chief Technology Officer Jeffrey Morris has left GMG to pursue other opportunities.
“This new combined team will improve our engineering capability to deliver our future production assets,” GMG CEO Craig Nicol said.
GMG's chair Guy Outen congratulated Bran on the promotion to Chief Projects Officer, adding: “(I) look forward to his continuing strong leadership of a talented team to further leverage GMG's technical capabilities to enhance and accelerate our commercial aspirations."
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.
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