Headquartered in Australia, a clean tech company, Graphene Manufacturing Group Ltd. (GMG), has announced a supplementary investment of AU$ 600,000 in capital expenditure for extensive developments of its Battery Development Centre (BDC). The company intends to use the CAPEX for future discoveries, prototyping and production in the BDC.
This expenditure is vital for GMG as it amplifies BDC's semi-automatic pouch cell prototype manufacturing process for consumer verification and the precise constitution of Graphene Aluminium Ion (G+AI) Battery cells.
The Brisbane-based company also has expanded its functional ability by appointing new experienced staff in pouch cell production, in turn causing significant progress in its battery performance optimisation initiative.
GMG is optimistic that its technology can be applied in a vast set of devices, like the internet of things (IoT) sensors, energy storage solutions, personal communication devices, high-power industrial applications, electric aviation, electric automobiles and personal electronics.
The Managing Director and CEO of GMG, Craig Nicol, exemplified: "This investment adds to our existing pouch cell manufacturing capabilities, and together with GMG's internal expertise, the Company is now focused on progressing collaborative partnerships with several potential battery customers to further accelerate commercial development work in 2023."
The secondary pieces of machinery acquired will be activated in Q2 2023. GMG will use scientific and engineering technologies to enhance cell capacity, energy-power density and the entire specification and design of the coin cell or pouch cell products.
GMG yields graphene and hydrogen by breaking a methane bond (natural gas) rather than mining graphite, which is much more energy and cost-effective. Currently, the company is engrossed in making more graphene-incorporated products, including the development of futuristic graphene aluminium ion batteries in collaboration with exceptional Universities in Australia.
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