https://www.reddit.com/r/GMGstock/comments/shu5qd/..._of_the_webinar/
Some notes of the webinar
Cash position remains strong at $14 million, with $13 million in derivatives if the holders exercise them. Significant revenue on the horizon, but that remains the pursuit of the Thermal-XR team at GMG; Currently in conversations with OEM providers.
"GMG is about 30 people"
not a big team, yet.
"Need to increase (size) to deliver on commitments to large companies."
The battery team at GMG has made strides and it was seen that the Pouch pack prototype plant has quietly moved up in schedule to June of this year more or less. Significant timeline acceleration there as it was previously expected toward the end of 2022.
Internal testing show prototypes have high area capacity vs lithium ion batteries, One large customer has said, indeed, that the volume equivalent capacity of the battery is quite high vs lithium batteries,
"Clearest feedback would be a battery contract" Suggesting something?.. Brings forward a good point, if the feedback is good, there will be a contract rather than a vague announcement of expected feedback.
"Personal electronics are biggest market right now"
"House and grid storage and aviation is another market, 10 aviation companies talking to us"
"I have been told, eventually people will just come and say, "I will design my product around your battery"
"..There was a picture of medium-grade graphene and high-grade graphene, Craig said the medium grade graphene byproduct is perfect for grid storage and applications where density isn't terribly important, but the high grade graphene will work perfectly with manufacturing high-density batteries for continuation of this battery tech. The medium grade graphene batteries alone are "an enormous business opportunity"
"engaging some of the world's biggest battery buyers"
In terms of compatibility with existing power grid, the amperage and can be solved with a bigger cable. Your phone will need a bigger cable for the amperage, but EV cables should be able to handle the amps, as is.
Regarding Thermal-XR:
"Thermal-XR data has shown us that its a high performing product that can save a lot of energy in many climates" 10% savings on a brand new air conditioner. Performance range data has shown a 5%-60% performance increase in a range of AC products. Common denominator for the lower end of the performance is bottlenecking of the AC itself, such as the evaporator, condenser and cooling fins, etc. Big ac producers will "chase that 10% and open another market for us" as appropriate. Unfortunately, time favours the patient here. Big things are coming eventually for this branch though, it sounds.
Regarding GMG's Graphene:
The production cost of GMG graphene is near that of the cost to purchase graphite itself, in the components of methane, electricity and labour. But at same time being highest quality.
"Once you've got repeatable graphene, the process to scale up, people will be surprised of how quick we can bring this to market"
"No supply chain issues, no natural gas price hikes in Australia
"unlike other countries which see volatile natural gas prices.
"WHEN we are a big battery company we WILL be a hydrogen producer" although this is not a priority, it shows what scale the management is seeking..
Casually seeking a graphene supplier for a plug and play solution to bring the batteries to market faster, ideally without the expenditure of scaling up their own graphene production, or maybe doing that at the same time if ideal circumstances are provided.
"Want to come out with some supply chain partners in 2022."
Over 100 inquiries during the meeting, will have a follow-up as there were too many and will need to be addressed in the coming weeks in another meeting.
Presentation (timestamped to quotes below)
"We'll bring this (G+AL batteries) to scale with companies that are already at scale, and we will be basically surrounded by companies who can lift us through to scaling faster."
"We put together these very large multi-billion dollar value chains at a previous company (Shell) and that's what we're trying to do here."
"We're going to plug us in as best as we can with supply chains that can operate at scale, rather than trying to learn it ourselves or work with smaller companies." |
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