Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) (GMG) announced that it has signed a THERMAL-XR distribution agreement with Nu-Calgon Wholesaler, Inc, a leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America, which will partner with GMG to provide THERMAL-XR to the HVAC-R markets in the US, Mexico, Canada, and the Caribbean.
The clean-tech company said THERMAL-XR allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.
"We are excited to work with one of the best HVAC-R specialty chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions - one of our key objectives for 2023," GMG CEO Craig Nicol said in a statement.
“Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR and many years of industry experience," he added.
GMG noted that it is in the process of obtaining USA EPA approval for the THERMAL-XR and is reviewing the requirements for Canada, Mexico, and Caribbean countries.
GMG is a clean-technology company that 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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