Brisbane, Queensland, Australia – (Newsfile Corp. – November 30, 2021) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) (“GMG“or the”Society“) is pleased to provide an update regarding the patent status of the associated graphene aluminum-ion battery (“G + AI battery“) Technology.
GMG’s partner, UniQuest Pty Limited (“UniQuest“), has filed a worldwide patent application for the G + AI battery under the Company’s Patent Treaty (“PCT“) following a first filing on November 25, 2020. The patent application is an important step in securing intellectual property (“IP“) and the worldwide commercialization rights for the G + AI battery technology that GMG has the right to develop and deploy.
As reported on April 22sd 2021, GMG develops G + AI Battery technology with the University of Queensland (or “UQ“) and entered into a license agreement dated February 26, 2021 (the”License agreement“) with UniQuest Pty Limited (“UniQuest“), an entity that markets research carried out by the University of Queensland. The license agreement has a term of 20 years or more, if patents remain in place in certain countries. Under the terms of the agreement license, GMG will pay for certain patent fees as they arise and will pay Uniquest a minimum royalty on sales of G + AI batteries.
GMG CEO Craig Nicol commented: “This PCT application is another milestone for GMG. In addition to securing global intellectual property and commercialization rights, it also strengthens our long-term partnership with the University of Queensland and Uniquest to develop the G + Battery AI, which continues to progress well. “
As disclosed in GMG’s prospectus dated March 31, 2021, GMG and the University of Queensland entered into a research agreement dated February 26, 2021 (the “Research agreement“), whereby the two parties work together with the financial support of the Australian government to advance research and development and ultimately the commercialization of G + AI batteries.
UniQuest is the University of Queensland (UQ) marketing company. At the interface between industry and UQ researchers, UniQuest markets UQ’s intellectual property in partnership with UQ researchers to create a societal and economic impact. Founded in 1984, UniQuest’s commercialization activities have placed UQ at the forefront of academic research translation in Australia.
GMG is an Australian clean technology company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. Using the company’s proprietary process, GMG can produce high-quality, low-cost, scalable, “tunable” and contaminant-free / low-level graphene – enabling demonstrated cost and environmental improvements in one. number of green / clean applications globally. Using this source and other sources of graphene at a low entry cost, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.
The company is researching opportunities for graphene-enhanced GMG products, including developing next-generation batteries, collaborating with world-renowned universities in Australia, and investigating the possibility of improving the performance and fuel efficiency of motor oils. , biodiesel and diesel fuels.
For more information, please contact:
– Craig Nicol, CEO and Managing Director of the company at [email protected], +61 415 445 223
– Leo Karabelas at Focus Communications, [email protected], +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Caution regarding forward-looking statements
This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. In general, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements. that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “probably” occur. Such information and statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release, and include, without limitation, statements regarding payments under the license agreement. , discussions on future plans and management’s expectations and intentions with respect to the research agreement.
These forward-looking statements involve many risks and uncertainties, and actual results may differ materially from the results suggested in forward-looking statements. These risks and uncertainties include, among others, the risks associated with the deployment of the Company’s resources, including its personnel, and the Company’s intention to research, develop and manufacture certain products, the Company’s success in obtaining all approvals required with respect to the patent application process, the creation of IP and the Company’s success in working with UQ and UniQuest to develop its products and IP.
In making the forward-looking statements in this press release, the Company has applied several material assumptions, including, without limitation, assumptions regarding the Company’s ability to research, develop and test its products on schedule, Company will successfully obtain all necessary approvals for the patent application process, intellectual property development and licensing as planned, and Company will successfully collaborate with UQ and UniQuest to develop its products and intellectual property .
Although the management of the Company has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results are not those anticipated, estimated or anticipated. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, forward-looking information or financial outlook which are incorporated by reference herein, except in accordance with applicable securities laws. We seek refuge.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105801