Graphene Manufacturing Group (TSXV: GMG) coming out with some exciting updates this week on its graphene battery development.
Through the company’s development program with the University of Queensland, it has seen an energy density increase of 93% since its last update on June 22, 2021. Power density has also increased 33% since the previous update, to 9,350 W/kg.
More importantly, the company has growing confidence in its ability to repeatably produce battery-grade quality graphene at scale. Because of this, GMG is now starting to focus on its next steps toward commercialization.
There is a ton of enticing data in the company’s latest press release, so I highly recommend checking it out.
GMG.v is currently trading at $3.55, seeing some positive price movement following this update. The company is presently valued at $281.08 million.
https://ceo.ca/@newsfile/gmgs-battery-update-significant-battery-performance