New York, United States, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology ("Graphjet" or "the Company") has agreed to support and collaborate with Centre for Materials Engineering and Smart Manufacturing (MERCU) of Universiti Kebangsaan Malaysia (UKM) after receiving a letter of intent from UKM for the Consortium of Research Excellence (KKP) 2025 under the Malaysian Ministry of Higher Education to collaborate on utilising graphite and graphene into additive manufacturing technology to develop advance heat sinks.

In addition, Graphjet today completed a laboratory which enhanced the capability of Graphjet to perform quality test on its graphite and graphene as well as research on improvements to the graphite and graphene produced. This will reduce the Company's reliance on third party for testing services and would allow a much quicker turnaround time for the Company's development programme. In addition, this laboratory will also serve in the collaboration with UKM for the development of the additive manufacturing technology.

"This development will benefit from the surging demand for specialised chip, especially AI chips which will demand for more efficient and effective cooling solutions. By focusing on additive manufacturing technology, the development would allow improvements to existing deployed heat sinks used whilst developing new advance heat sinks for new facilities, especially for new and existing data centers.

Currently, data centers are a booming industry in Malaysia and the South East Asia region with big names such as Amazon Web Services, Microsoft, Google Cloud, Alibaba Cloud, and Equinix & NTT has committed or is committing to develop data centers in the region to capitalise on its strategic location and connectivity coupled by the support of the local governments." says Chris Lai, CEO of Graphjet.

On another note, the Company had also filed its Form 10-Q for its second quarter ended 31 March 2025, bringing the financial reporting up to-date.

About Graphjet Technology Sdn. Bhd.

Graphjet Technology Sdn. Bhd. (NASDAQ:GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world's first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet's sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.

Cautionary Statement Regarding Forward-Looking Statements

The information in this press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet's industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet's ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the "Risk Factors" section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.

Graphjet Technology Contacts

Investors

ceo.office@graphjettech.com

Media

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Graphjet to collaborate with Universiti Kebangsaan Malaysia for the development of thermal management material using graphite