TIDMAGM
Applied Graphene Materials PLC
18 May 2021
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM", "the Group" or "the
Company")
Bike product customer launches graphene-based detailing
spray
Applied Graphene Materials (LSE:AGM) is delighted to announce
that its partnership with a leading innovator in the cycling
market, Tru-Tension, has resulted in the launch of a brand new
detailing spray enhanced with AGM's graphene nanoplatelet
technology.
UK-based Tru-Tension designs and manufactures products for
biking enthusiasts, from tools and cleaning products for commuters
and adventure riders, to lubricants and accessories for high
performance motorcycle racing. Following a programme of in-house
research and testing, the manufacturer claims that the new
formulation enhanced with AGM's industry-leading G enable(R)
graphene dispersion technology delivers extended performance
benefits.
Since successfully securing a substantial investment from retail
guru Touker Suleyman on BBC's Dragons' Den back in 2018,
Tru-Tension has grown from strength to strength, expanding its
range of high-quality bike maintenance solutions. Tru-Tension
suggests the graphene-based spray offers an unrivalled high gloss
finish that also acts as a protective layer to leave paintwork
glistening, and that the newly formulated hydrophobic coating also
reduces dirt build-up to make future cleaning easier.
The Graphene Bike Detailer product represents a further
milestone for both companies in bringing graphene
nanoplatelet-based products to the wider market. The brand is now
available to purchase in Halfords and many other national
retailers, as well as through the Tru-Tension website:
https://www.tru-tension.co.uk/
Working with industry pioneers like Tru-Tension, AGM continues
to realise the benefits of graphene for detailing product
applications. This latest product launch represents another example
of how the incorporation of the Company's unique graphene
dispersion technology can transform customers' products and help
manufacturers to stand out in the car and bike care market.
Adrian Potts, Chief Executive Officer of AGM, said:
"It is a pleasure to see yet another product enhanced with AGM's
graphene dispersions coming to market. Our graphene products have
demonstrated exceptional performance in an increasingly broad range
of applications, made possible thanks to our focus on delivering
graphene nanoplatelets in a format that makes them easy to adopt in
practical applications. This approach continues to deliver new
customer product momentum for innovative companies like
Tru-Tension. The development of our relationship with Tru-Tension
is exciting and I look forward to seeing the commercial results of
their current and future cutting-edge product launches."
Chris Frappell, Founder of Tru-Tension, commented:
"It has been great working with AGM's team to create our new
Graphene Bike Detailer. The unrivalled formulation and hydrophobic
performance of the graphene delivers a world leading bike detailer
with a shine that reduces the build-up of dirt. This addition to
our diverse range allows us to continue to deliver market leading
products, for motorcycles and bicycles, at the forefront of what is
capable with technology. We look forward to working with AGM on
future products and continuing to push the boundaries and
performance of our products."
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
Peter Steel / Amanda Gray
Allenby Capital Limited
+44 (0) 203 328 5656
Nick Athanas / Liz Kirchner (Corporate Finance)
Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)
Hudson Sandler +44 (0) 207 796 4133
Nick Lyon / Emily Dillon
Notes to Editors
Tru-Tension - Founded in 2015 by inventor Chris Frappell,
Tru-Tension designs, manufactures and sells high quality
maintenance solutions for motorcycles. The company also designs and
formulates high performance lubricants and cleaning products to
keep all moving components and bodywork in optimum condition for
reduced wear and increased performance.
https://www.tru-tension.co.uk/
Applied Graphene Materials - For the last decade, AGM has been
at the forefront of harnessing the possibilities of graphene.
Founded originally by Professor Karl Coleman, the Group has grown
from an academic idea from Durham University to a world leader in
the development and application of graphene nanoplatelet
dispersions for customers in the coatings, composites and
functional materials sectors.
The Group utilises its proprietary bottom-up manufacturing
process to produce high purity graphene nanoplatelets. Its
expertise in dispersion chemistry enables AGM to create optimised,
stable and easy to handle dispersions that customers use in
real-world industrial products. AGM's unique approach enables
industries to fully realise the potential of graphene in a simple,
safe and easy to formulate way.
AGM, based at the Wilton Centre on Teesside, was admitted to AIM
in November 2013, raising GBP11 million. The Group successfully
raised GBP8.5m in January 2016 and a further GBP9.8m in November
2017. Since August 2020, the Group's shares are also listed on
OTCQB in the United States and, in January 2021, the Group
successfully raised a further GBP6m gross . As a result of the
funding support and their industry leading technology platform, AGM
have been able to develop a significant sales distribution network
covering Europe, North America and Asia. The Group continues to
work closely with industrial partners, and have seen the successful
launch of numerous commercial products enhanced by their Graphene
Dispersions.
https://www.appliedgraphenematerials.com/
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