GMG:CC - New Graphene Energy Saving Solution Sends Shares Of This Micro Cap Higher
2025-02-24 13:01:00 ET
The constant improvement in fuel efficiency continues to be the holy grail for car companies as higher fuel efficiency means a vehicle can travel farther using less fuel, reducing costs and environmental impact.
Today, shares of Graphene Manufacturing Group Ltd. (TSX-Venture: GMG) (OTCQX: GMGMF) are moving higher on the news of the company’s multi-year performance testing of G® Lubricant, a graphene liquid concentrate additive designed to enhance the performance of diesel and gasoline (petrol) engines. According to the Company, the product has the potential to reshape the future of the global liquid fuels industry.
G® Lubricant is a graphene liquid concentrate that can be added to any mineral or synthetic oil used in an internal combustion engine and has been shown to increase fuel efficiency by up to 8.4% in a diesel engine.
Over the past four years, the Company has conducted environmentally controlled testing of G® Lubricant in internal combustion engines monitored and verified by The University of Queensland.
GMG's Chairman and Director, Jack Perkowski, commented: "G® Lubricant's performance, which demonstrates an 8.4% improvement in fuel efficiency using only a very small amount of graphene in an easy to use graphene concentrate, is a 'Category Creator' that has the potential to redefine the multi trillion dollar liquid fuels market. The fact that only 1% of G® Lubricant is needed to achieve such savings provides a very attractive value proposition for fleet owners."
According to the company’s number crunching, with an average fuel savings of 8.4%, GMG believes that a conservative estimate of the potential market for G® Lubricant is 10% of the fuel savings realized by users annually. Assuming G® Lubricant pricing equal to 10% of the savings realized, GMG estimates that the potential global revenue for G® Lubricant is US$ 1.2 Billion sales per annum.
Those eye-popping numbers have excited investors, sending shares of GMG up $0.07 at $1.09 while U.S. listed shares (GMGMF) are currently up $0.05 at $0.781 in early-afternoon trading.
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