GCM

GCM has secured a binding 24-month JDA with established Chinese thermal management OEM ALVC to jointly develop an integrated vapour chamber + VHD heat sink product, positioning GCM as exclusive supplier into ALVC's 600+ customer base across data centres, EVs and industrial electronics. Commercialisation remains contingent on prototype validation and separate commercial terms, but the deal formalises a clear technical and distribution pathway for VHD technology embedding.

GCM secured initial DigiKey sales across multiple geographies, validating its online distribution strategy for VHD thermal products, though volumes remain immaterial and the company explicitly cautions against extrapolating early orders into future forecasts. The channel complements rather than replaces direct OEM engagement, supporting broader product discovery while larger qualification work proceeds independently.