OTC Markets Group Welcomes Graphene Manufacturing Group Ltd. to OTCQX
February 26 2024 - 7:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Graphene Manufacturing Group Ltd. (“GMG”) (TSX-V: GMG;
OTCQX: GMGMF), a clean-technology company focused on graphene
production and development, and the manufacture and sale of
graphene-based energy savings and storage products, has qualified
to trade on the OTCQX® Best Market. Graphene Manufacturing Group
Ltd. upgraded to OTCQX from the Pink® market.
Graphene Manufacturing Group Ltd. begins trading today on OTCQX
under the symbol “GMGMF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
GMG’s Managing Director and CEO, Craig Nicol, commented: “As
part of our capital markets access plans, we are delighted to
broaden the Company’s exposure in the U.S. market through this
upgrade. It is an important step towards our corporate development
in North America.”
GMG’s Chairman and Non Executive Director, Jack Perkowski,
commented: “Increasing GMG’s presence in the U.S. is of strategic
importance for funding our development and growth. Enabling our
U.S. investors with increased involvement will expand the Company’s
future capital opportunities.”
B. Riley Securities, Inc. acted as the company’s OTCQX
sponsor.
About Graphene Manufacturing Group Ltd. GMG is
a clean-technology company which seeks to offer energy saving and
energy storage solutions, enabled by graphene, including that
manufactured in-house via a proprietary production process.
GMG has developed a proprietary production process to decompose
natural gas (i.e. methane) into its elements, carbon (as graphene),
hydrogen and some residual hydrocarbon gases. This process produces
high quality, low cost, scalable, ‘tuneable’ and low/no contaminant
graphene suitable for use in clean-technology and other
applications. The Company’s present focus is to de-risk and develop
commercial scale-up capabilities, and secure market
applications.
In the energy savings segment, GMG has focused on graphene
enhanced heating, ventilation and air conditioning (“HVAC-R”)
coating (or energy-saving paint), lubricants and fluids. In the
energy storage segment, GMG and the University of Queensland are
working collaboratively with financial support from the Australian
Government to progress R&D and commercialization of graphene
aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 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 & Project Execution
Capability
For further information please contact:
- Craig Nicol, Chief Executive Officer & Managing Director of
the Company at craig.nicol@graphenemg.com, +61 415 445 223
- Leo Karabelas at Focus Communications Investor Relations,
leo@fcir.ca, +1 647 689 6041
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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