Graphjet’s patent-pending process uses renewable agricultural waste to produce graphene, which can reduce carbon emissions from production of materials critical to EV batteries

Graphjet Technology and University of Manchester announced a signed Memorandum of Understanding (MoU), wherein the two parties will collaborate to provide consultancy services related to graphene and graphene-related products and applications.

Graphjet Technology is readying plans to go public following a merger agreement with Energem Corp. (Nasdaq: ENCP), a Special Purpose Acquisition Company (SPAC), which will allow Graphjet to become a U.S. Corporation and list on the NASDAQ under the ticker symbol "GTI."
Graphjet Technology is an emerging, innovative company that has created a patent-pending process for transforming an abundant and renewable agricultural waste product - palm kernel shells from the production of palm oil - into highly valued graphite and graphene. Graphjet's green production technology reduces carbon emissions and pollutions while producing graphite and graphene critical to applications such as electric vehicle batteries at a cost of 80 to 90 percent less than the current market price. Graphjet is currently manufacturing its graphene in Malaysia, the second largest producer of palm oil and palm kernel shells in the world, second only to Indonesia.
The University of Manchester in Manchester, England is playing a leading role internationally in developing the revolutionary potential of graphene. Ranked among the leading research universities globally, and among the top ten for social and environmental impact, the University has established both The National Graphene Institute and The Graphene Engineering Innovation Center. Led by a team of distinguished academics, the University has more than 300 people working with graphene and related 2D materials. Its two research centers are well positioned to advance the design and development of graphene and other 2D products and services.
"We are extremely pleased to initiate our collaboration with the University of Manchester," said Graphjet Technology CEO Aiden Lee. "The University's reputation for leading-edge research on graphene and graphene-related products - along with its ability to help companies develop and launch new technologies that incorporate graphene and other 2D materials - makes ours an ideal partnership. We are very excited about the future possibilities, and we are glad to have our UK team member, Patrick The, in Manchester to lead and assist the collaboration."
On September 12, 2022, subsequent to announcing its planned merger with Energem, Graphjet announced a collaboration with the prestigious Massachusetts Institute of Technology (MIT). As a member of MIT's Industrial Liaison Program, Graphjet joins more than 240 leading enterprises such as Apple, BMW, Hyundai, Mitsubishi, Samsung and other companies who are also in collaborative partnerships with MIT. The collaboration reaffirms Graphjet's pioneering position in the graphite and graphene industry.

About Graphjet Technology Sdn. Bhd.
Graphjet was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Today Graphjet holds the world's first patent-pending 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 using palm kernel shells - an agricultural waste product that is common in Malaysia - is expected to create an enormous shift in the availability of graphite and graphene within the world's supply chain.

About Energem Corp.
Energem Corp. is a Special Purpose Acquisition Company (SPAC) formed for the purposes of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more energy and/or sustainable natural resource companies. In November 2021, Energem consummated a $115 million initial public offering of 11.5 million units (reflecting the underwriter's full exercise of their over-allotment option). Each unit consists of one Class A ordinary share and one redeemable warrant. Each warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. ARC Group Limited acted as the sole financial advisor and EF Hutton, a division of Benchmark Investments LLC, served as the sole book-running manager of Energem's initial public offering.