Graphene Manufacturing Group ships first bulk order of THERMAL-XR to North American distributor Proactive uses images sourced from Shutterstock

Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that it has shipped its first bulk order of THERMAL-XR graphene coating to Nu-Calgon Wholesaler, its exclusive distributor in North America, marking a step toward commercial sales in the US HVAC-R market.

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The product will be marketed and sold under the brand name Nu-Calgon CoolWorx powered by GMG Graphene, according to the company.

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The shipment follows regulatory authorization previously disclosed by GMG, which allows the company to export, distribute, sell, use and dispose of its graphene coating across multiple industries in the United States under a pre-manufacture notice issued by the US Environmental Protection Agency.

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Nu-Calgon president DeWight Wallace said that the company was "very excited" to receive the first shipment and begin introducing the product to the North American HVAC-R market.

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“GMG's graphene technology offers contractors a genuine, measurable energy-saving solution, and we look forward to deploying it across our distribution network. This is exactly the kind of innovative product our customers are looking for,” Wallace said.

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“We also look forward to welcoming [GMG CEO] Craig and members of his team to our headquarters in St Louis to spend valuable time together planning for our future partnership."

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GMG CEO Craig Nicol said that the order represents a transition from product development and regulatory approval to commercial deployment in what he described as the world's largest HVAC-R market.

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“Receiving EPA authorisation to export and sell our graphene-based product in the United States is something very few companies have achieved, and we are proud to be bringing that technology to market alongside a distributor of Nu Calgon's calibre,” Nicol highlighted.

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Jack Perkowski, GMG chairman and non-executive director, said that the shipment was a milestone for the company and reflected years of work toward commercialization.

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“Paired with Nu Calgon's reach across North America, we now have the foundation to scale THERMAL-XR in a market that we believe will define GMG's next phase of commercial growth,” he said.

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Shares of GMG were up 2.2% on Wednesday morning.