In a significant achievement for Graphene Manufacturing Group Ltd. (GMG) (TSXV: GMG, OTCQX: GMGMF), their innovative product THERMAL-XR® has been awarded Product of the Year at the AIRAH 2024 Awards, held in Melbourne, Australia. This accolade highlights GMG’s commitment to enhancing energy efficiency and sustainability within the HVAC&R (heating, ventilation, air conditioning, and refrigeration) industry.
The AIRAH Awards serve as a prestigious platform for recognizing excellence across Australia’s HVAC&R sector. They celebrate a wide range of achievements, from emerging leaders to established veterans, and from groundbreaking projects to exemplary retrofits. The rigorous selection process involves independent industry specialists who curate finalists, culminating in a decision made by an expert judging panel. This year, THERMAL-XR® stood out among numerous contenders, reflecting its potential impact on energy efficiency and performance in HVAC systems.
Craig Nicol, GMG’s Managing Director and CEO, expressed pride in receiving this recognition, stating that it underscores the hard work and innovation of the GMG team. He emphasized that THERMAL-XR® not only represents a leap forward in high-performance solutions but also aligns with the company’s mission to foster a sustainable future through advanced technology.
THERMAL-XR® is a cutting-edge coating system designed to enhance the thermal conductivity of heat exchange surfaces. It effectively restores corroded surfaces while protecting new units, thereby maintaining optimal performance levels. By leveraging the unique properties of graphene, THERMAL-XR® improves heat transfer rates and enhances overall energy efficiency. This not only leads to better performance but also offers potential reductions in energy consumption.
The product has already garnered attention beyond Australia. Recently, THERMAL-XR® became the first thermal air conditioning coating to receive certification from the Singapore Green Building Council as a Singapore Green Building Product (SGBP). This certification allows it to contribute points towards green building ratings and opens doors to regional markets.
GMG is dedicated to scaling its operations and enhancing its product offerings through continuous innovation, having developed a proprietary process for producing high-quality graphene from natural gas, which serves as the foundation for its energy-saving solutions. Currently, GMG’s focus encompasses producing high-quality graphene by improving the production processes for scalability and quality, generating revenue from energy-saving products like THERMAL-XR®, collaborating with institutions such as the University of Queensland to advance next-generation battery development, and building strategic partnerships to establish supply chains and enhance project execution capabilities.
As part of its commercialization efforts, GMG is working closely with Nu Calgon, a major player in the North American HVAC market. Together, they are advancing the regulatory approval process for THERMAL-XR® with the U.S. Environmental Protection Agency (EPA), which is expected to facilitate entry into the U.S. market within the next year.
The recognition of THERMAL-XR® as Product of the Year at the AIRAH Awards not only validates GMG’s innovative approach but also highlights its potential role in transforming energy efficiency within the HVAC&R industry.
