TIDMAGM
Applied Graphene Materials PLC
14 September 2022
Reach - non-regulatory announcement
AGM Signs Supply Agreement With One of the World's Largest Car
Care Brands
Global Innovator to use AGM Graphene Dispersions in the
Production of its Leading Auto Detailing Products
Applied Graphene Materials (LSE: AGM), the producer of specialty
graphene nanoplatelet dispersions, is pleased to announce that it
has signed a supply agreement with a global leader in the car
detailing industry, for an exclusively developed graphene-based
solution.
The partnership with a global household name brand represents a
significant milestone for AGM in the car care sector, where the
Company has already announced multiple product launches with
smaller participants.
With over 80 years' experience producing award-winning products
for the international car care sector, AGM's new partner is driving
innovation in the market and now leads the way in the supply of
high-performance auto detailing and finishing products. T he
addition of AGM's G enable graphene nanoplatelet dispersion
technology into car care systems has the potential to significantly
improve the barrier performance of waxes, polishes and finishing
sprays for vehicles.
The new supply agreement underpins the commitment of both
companies to continually push the boundaries of advanced materials
technology and is reflective of their collaborative approach to
successful innovation.
Adrian Potts, Chief Executive Officer of AGM, said:
" We are delighted to be able to sign this supply agreement and
to develop a closer relationship with one of the leading industry
players within car care. Innovative manufacturers in this
fast-moving market are looking to exploit the differentiation that
graphene can offer, so we have seen growing interest in its use for
in cleaning and coating products to protect surfaces and improve
vehicle aesthetics.
The opportunity to collaborate with a global leader as its
supply partner of choice will further strengthen AGM's position in
the sector and the partnership reflects our capability to produce
high quality, consistent graphene nanoplatelet dispersions at
production volumes."
Director - Global Operations from AGM's new partner said:
"We are thrilled to be partnering with AGM and look forward to
combining the expertise of both companies to create innovative new
products for the car care sector, which are both higher performance
and longer lasting. We are committed to working with cutting-edge
technology partners like AGM to drive auto detailing
innovation."
END
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Singer Capital Markets
+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
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, GBP9.8m in November 2017 and a
further GBP6m gross in January 2021. The Group's shares are also
cross-traded on OTCQX in the United States. As a result of the
funding support and its industry leading technology platform, AGM
has 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 has seen the successful
launch of numerous commercial products enhanced by its Graphene
Dispersions.
https://www.appliedgraphenematerials.com/
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NRAUOONRUUUKAAR
(END) Dow Jones Newswires
September 14, 2022 02:02 ET (06:02 GMT)
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