Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) told investors it has reached another milestone as it has now manufactured its first graphene aluminium-ion batteries (G+Al) battery pouch cells while its Battery Development Centre (BDC) was now fully operational.
The clean-tech group is advancing energy-saving and energy storage solutions, enabled by graphene, and in collaboration with the University of Queensland and the Australian Government, is carrying out research and development (R&D) and commercializing graphene aluminium-ion batteries (G+AI batteries).
"The commissioning of our pouch cell manufacturing equipment is another important milestone for GMG," said GMG's CEO Craig Nicol in a statement.
"It allows us to capitalise on the experience already gained with coin cell development and testing to open the avenues for our technology to a much broader application base. Much of the interest from prospective customers lies in our ability to productize the pouch cell, which can be found in a large range of end products ranging from personal and industrial appliances to grid batteries and EVs," he added.
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Nicol noted that having its own fully equipped and staffed Battery Development Centre would "further enhance" the company's ability to co-innovate with partners that continue to express strong interest in the initial performance results and future potential of G+AI batteries.
As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries.
The location of this initial commercial manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located, the firm added.
GMG has also 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.
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