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Graphene Manufacturing Group Ltd ( (TSE:GMG) ) has issued an announcement.
Graphene Manufacturing Group Ltd has announced the successful results of its multi-year performance testing for G® Lubricant, a graphene liquid concentrate additive designed to improve the efficiency of diesel and gasoline engines. The product has shown to increase fuel efficiency by up to 8.4% and is set to be marketed to fleet owners in Australia, with plans for international expansion. This innovation could significantly impact the global liquid fuels industry by offering a more efficient and powerful solution for engine performance.
More about Graphene Manufacturing Group Ltd
Graphene Manufacturing Group Ltd is a company operating in the energy saving and energy storage solutions industry. It focuses on developing graphene-based products, such as the G® Lubricant, aimed at enhancing the performance and efficiency of engines in the global liquid fuels market.
YTD Price Performance: 61.90%
Average Trading Volume: 146,857
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$98.86M
See more insights into GMG stock on TipRanks’ Stock Analysis page.
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