Applied Graphene Materials PLC AGM Statement (7418K)
December 18 2018 - 2:00AM
UK Regulatory
TIDMAGM
RNS Number : 7418K
Applied Graphene Materials PLC
18 December 2018
18 December 2018
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Annual General Meeting Statement
Key milestone achieved with James Briggs Ltd order
Applied Graphene Materials, the producer of specialty graphene
materials, will be holding its Annual General Meeting at 11.00am
today at The Farndale Suite, The Wilton Centre, Redcar, Cleveland,
TS10 4RF, during which the Chairman, Bryan Dobson, will make the
following statement:
"The Board continues to focus on the commercialisation of its
products and proprietary technologies via its numerous active
engagements and has made good progress in recent months.
I am pleased to report that we have recently achieved a key
milestone, having fulfilled the scale-up production purchase order
from James Briggs Ltd (JBL) in preparation for full product launch.
JBL has successfully completed its first production batch which is
a significant milestone for commercial realisation. Extensive
testing has demonstrated repeated and outstanding improvements in
anti-corrosion performance for JBL's automotive aerosol primer. JBL
plans to launch their new range of graphene enhanced anti-corrosion
aerosols under their Hycote brand.
We were also pleased to participate in the opening of the UK's
Graphene Engineering and Innovation Centre (GEIC) in Manchester
last week. Meeting with multiple participants, the opportunities
for graphene technology remain buoyant. Finding practical
application solutions for the challenges surrounding the
exploitation of graphene nanoplatelet technology is the key focus
of AGM's strategy for commercial progress and this is wholly
complementary to the objectives of GEIC. We look forward to working
closely with GEIC in the months ahead in the further development of
world-class application solutions.
We have had significant changes on the Executive team in the
last few months and Adrian and David have both settled into their
new roles very quickly as Chief Executive and Chief Financial
Officer. Their absolute focus is to increase the commercial
momentum and to grow the business and revenues.
The Group continues to be well funded as it seeks to capitalise
on the ever maturing pipeline of opportunities."
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / Justin McKeegan
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
Applied Graphene Materials works in partnership with its
customers using its knowledge and expertise to provide bespoke
graphene dispersions and formats to deliver enhancements and
benefits for a wide range of applications. The Group's strategy is
to target commercial applications in three core markets: coatings,
composites and functional materials.
The Group has developed proprietary bottom-up processes which
are capable of producing high purity graphene nanoplatelets using a
continuous process. The manufacturing process is based on
sustainable, readily available raw materials and therefore does not
rely on the supply of graphite, unlike a number of other graphene
production techniques. Applied Graphene Materials owns the
intellectual property and know-how behind this process.
Applied Graphene Materials was founded by Professor Karl Coleman
in 2010 with its operations and processes based on technology that
he initially developed at Durham University. The Group was admitted
to AIM in November 2013, raising GBP11 million, and is based at the
Wilton Site on Teesside. In January 2016 the Group raised GBP8.5m
to support its ongoing activities and in October 2017 the Group
raised a further GBP9.8m.
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END
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