GMG names exclusive distributor for G Lubricant in Mexico

Graphene Manufacturing Group Ltd (TSXV: GMG) (OTCQX: GMGMF), based in Queensland, Australia, has announced a new distribution agreement with Grafnomex, S.A. de C.V. for the exclusive distribution of its G® LUBRICANT in Mexico. Álvaro Navarro Gárate, Chairman of GrafnoMex, expressed enthusiasm about the partnership, highlighting the significant emission and fuel reductions observed in heavy diesel engine trucks during testing in Mexico. Craig Nicol, CEO & Managing Director of GMG, emphasized the strategic importance of the Mexican market for their graphene products, noting the collaboration with GrafnoMex as a key step in launching G® LUBRICANT across the country.

Jack Perkowski, Non-Executive Chairman and Director of GMG, pointed out that Mexico's substantial diesel market, integral to North American supply chains, makes it a logical expansion target for GMG. He praised Álvaro Navarro Gárate's extensive experience in business and economic development in northern Mexico, which includes roles such as Secretary of Economy for the State of Chihuahua. The prior successful testing of G® LUBRICANT in Mexico's heavy-duty diesel trucks before committing to exclusive distribution bolsters confidence in this partnership.

G® LUBRICANT is a graphene-based liquid concentrate designed to enhance the performance of diesel and gasoline engines. It is mixed with engine oil at a 1:100 dosage and has been verified to improve fuel efficiency by up to 8.4% in diesel engines. The graphene content in the final engine oil is approximately 1:10,000, ensuring safe use in any internal combustion engine. GMG's testing, conducted in collaboration with The University of Queensland, has shown consistent fuel savings, corroborated by customer field tests over several years.

The global diesel industry, valued at US$1.4 trillion annually, presents a significant opportunity for G® LUBRICANT. GMG plans to initially focus on the diesel market, which is predominantly B2B and offers targeted opportunities for fuel cost savings. The company estimates a potential global market for G® LUBRICANT at US$1.2 billion annually, assuming a 10% share of the fuel savings realized by users.

GrafnoMex, chaired by Álvaro Navarro Gárate, is a Mexican company with a strong presence in northern Mexico's business and economic sectors. Navarro Gárate's previous roles include Secretary of Economy for Chihuahua and various leadership positions in both public and private sectors. GrafnoMex is not affiliated with Graphenemex, a separate graphene producer in Mexico City.

GMG is an Australian clean-technology company that develops energy-saving and energy storage solutions using graphene produced through its proprietary process. This process decomposes natural gas into carbon, hydrogen, and residual gases, producing high-quality graphene for various applications. GMG's current focus includes scaling up production capabilities and expanding market applications, particularly in energy savings and storage solutions.

The company's four critical business objectives are to produce graphene and improve production processes, build revenue from energy-saving products, develop next-generation batteries, and enhance supply chain and project execution capabilities.