Mr. Craig Nicol reports

ENERGY SAVINGS PROJECTS WITH SINGAPORE BANK TO SCALE

Graphene Manufacturing Group Ltd., C&W Services Singapore and ACMES, Graphene Manufacturing's Singapore Thermal-XR distributor, have successfully completed energy savings case studies with a Singapore bank. The energy savings was seen on average between 10 per cent and 20 per cent. Following the successful case study, the bank is now exploring the potential to scale the application of Thermal-XR Enhance across more branches.

Graphene Manufacturing's managing director and chief executive officer, Craig Nicol, commented: "Our partnership with C&W Services and ACMES has been very successful thus far and we look forward to implementing more energy savings projects with Thermal-XR powered by Graphene Manufacturing Graphene with various other companies in Singapore and around the world."

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is an Australian-based clean-technology company which develops, makes and sells energy-saving and energy storage solutions, enabled by graphene manufactured through an in-house production process. Graphene Manufacturing uses its own proprietary production process to decompose natural gas (that is, methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tunable and low/no-contaminant graphene suitable for use in clean-technology and other applications.

The company's present focus is to derisk and develop commercial scale-up capabilities and secure market applications. In the energy savings segment, Graphene Manufacturing has initially focused on graphene-enhanced heating, ventilation and air conditioning coating (or energy-saving coating), which is being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product Graphene Manufacturing has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, Graphene Manufacturing and the University of Queensland are working collaboratively with financial support from the Australian government to progress research and development and commercialization of graphene aluminum-ion batteries. Graphene Manufacturing has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries. Graphene Manufacturing's four critical business objectives are:

• Produce graphene and improve/scale cell production processes;
• Build revenue from energy savings products;
• Develop next-generation battery;
• Develop supply chain, partners and project execution capability.

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