Phase 1 Expansion Project and the THERMAL-XR Acquisition As $GMG.V begins to get closer and closer to their goals of mass production for their graphene battery cells, they just completed their investment decision for the Phase 1 of its graphene manufacturing expansion project. The phase 1 plan will include:
- 5-year lease to expand total office and warehouse space to 3,500 square metres.
- The next generation of their proprietary graphene production technology with enhanced automation and a micro-grid with energy storage component to improve commercial/environmental electricity supply for production.
- An infrastructure corridor to allow rapid scaling of further graphene manufacturing capacity during future phases of the expansion.
- This project will help them produce enough graphene for their future plans with battery cell manufacturing and will also help the company reduce their energy consumption.
https://ca.finance.yahoo.com/news/gmg-announces-phase-1-expansion-100000943.html
In addition to the updated manufacturing plans, $GMG.V just signed a binding agreement to acquire the manufacturing IP and brand rights of the THERMAL-XR coating products from OzKem. With the increased graphene supply to produce their G+Al cells and the new THERMAL-XR rights, $GMG.V is setting themselves up for global revenue growth as they continue to scale operations.