Next step commercialization ........ GMG’s Battery Update:
Significant battery performance, cell and graphene production improvements
Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to provide the latest progress and performance update on its Graphene Aluminium-Ion Battery technology (“G+AI Battery”) being developed by GMG and the University of Queensland...... Notably, this update includes information about GMG’s G+AI Battery regarding:
- GMG’s Graphene Aluminium-Ion Battery calculated energy density has increased to 290-310 Wh/kg, an increase of 93% since the last battery update on 22nd June 2021
- Power density has also increased to around 9,350 W/kg, a 33% increase since previous update
- Battery cell enhancements and repeatability
- Growing confidence in repeatability of battery grade quality graphene production at scale
- Next steps toward commercialisation
Improved Battery Technology Performance
Ongoing development from GMG’s Battery Team has resulted in a significant increase in battery performance of GMG’s Graphene Aluminium-Ion Battery. Latest testing data has demonstrated a calculated energy density that has increased by 93% from 150-160 Wh/kg to 290-310 Wh/Kg since the last battery update on the 22nd of June 2021 (“Previous Announcement”).