Graphene Manufacturing Group Ltd. announced Nu-Calgon has held its official launch of the CoolWorx powered by GMG Graphene in the USA at the AHR Expo, one of the largest expositions for the Heating, Venting, Air-Conditioning and Refrigeration (HVAC-R) industry in North America, with over 1,600 HVAC-R manufacturers exhibiting their products and services to more than 50,000 visitors in Chicago, USA, from the 22nd to 24th January 2024. The product was launched under the new joint brand name "Nu-Calgon CoolWorx powered byGMG Graphene". The joint brand was in line with GMG's PRODUCT COMMERCIALISATION PROCESS, CORPORATE GROWTH & CHANNEL STRATEGY outlined in the Company's announcement on the 6th September 2023.

THERMAL-XR Canada Approval: The Department of Environment and Climate Change Canada (ECCC) has noted that THERMAL-XR, powered by GMG Graphen, is approved for import and use within Canada. This paves the way for Canadian businesses, operating in HVAC-R industry, to access this cutting-edge coating solution through North American Distributor Nu-Calgon. THERMAL-X R USA Approval: THERMAL-XR is progressing through the USA Environmental Protection Agency's (EPA) approval process to import and sell in the USA.

All the required documentation has been submitted, and the EPA has assigned a case number as part of the thorough evaluation of the product's safety and environmental impact. The Company believes the anticipated approval will be received in first quarter 2024. GMG's 4 critical business objectives are: 1. Produce Graphene and improve/scale cell production processes.

2. Build Revenue from Energy Savings Products. 3. Develop Next-Generation Battery. 4. Develop Supply Chain, Partners & Project Execution Capability.

About THERMAL-XR COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.