Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) said it has signed distribution agreements with four separate distributors in Thailand, Singapore, Indonesia and South Korea who will buy its THERMAL-XR for resale in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets.
The clean technology company expressed certainty that distributors successfully completed several projects in South East Asia to provide case studies showing the product's local benefits and customer value proposition.
In a statement, GMG's managing director and CEO, Craig Nicol, commented: “We are excited to be signing up our initial distributors in Asia to build revenue in Energy Savings - one of our key objectives for 2023. We look forward to continuing to work with the distributors - each a valuable partner for the sale of THERMAL-XR going forward,”
GMG 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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