Graphene Manufacturing Group (GMG) has announced the signing of a global distribution agreement with Curran International for THERMAL-XR® and for exclusive application services for the product oil and gas/LNG industry.
Curran International is a global provider of heat transfer technologies working with some of the world's largest oil and gas companies like Exxon Mobil, BP, Philips 66, Chevron, Shell, Marathon, Citgo, Aramco, Total, Sabic, Motiva, Reliance, ONGC, HMEL, Cenovus, Suncor Energy and Satorp.
Ed Curran, CEO of Curran International, commented "We look forward to working with GMG and bringing GMG's THERMAL-XR® graphene coating technology to our existing and new clients. The combination of additional heat transfer properties and high corrosion resistance makes THERMAL-XR® a very compelling proposition for the Oil and Gas/LNG Industry."
Craig Nicol, CEO & Managing Director of the Company, commented "We look forward to working with Ed and his amazing team at Curran International - they have built up a broad range of technologies and services over many years in servicing one of the largest industries and we are pleased to be able to add THERMAL-XR® to this range."
Jack Perkowski, Chairman and Non-Executive Director of the Company, commented: "This arrangement with Curran International is a significant step in GMG's global commercialization strategy for THERMAL-XR®. Gaining access to Curran International's established relationships with the world's leading oil and gas and LNG companies — including ExxonMobil, BP, Shell, Chevron, and Saudi Aramco - provides GMG with immediate reach into one of the most demanding and high-value industrial sectors in the world. The fact that a specialist with over 45 years of experience and more than 250,000 completed projects has chosen THERMAL-XR® as a core part of its offering is a strong validation of the technology's performance and commercial potential. We see this as a meaningful step in building the substantial recurring revenue base that will drive long-term value for GMG shareholders."
