TIDMAGM
RNS Number : 5109M
Applied Graphene Materials PLC
14 October 2016
14 October 2016
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
First Production Order
Applied Graphene Materials, the producer of specialty graphene
materials, is pleased to announce that it has secured its first
production order and commercial application.
Applied Graphene Materials has supplied its graphene material
for use in the production of a range of high performance fishing
rods, made by Century Composites Ltd ("Century"). Century has
introduced a new range of fishing rods to the market, containing
the Group's graphene nanoplatelets. These fishing rods are being
sold under the brand Graphex.
Century has manufactured composite fishing rods in the UK for
nearly 40 years, utilising a range of reinforcing materials
including glass, aramid, polyethylene and carbon fibres. Intrinsic
to the optimum performance of composite materials used to produce
rods at the higher end of the price spectrum is the supporting
polymer matrix that carries load between the fibres. This critical
reinforcing component has seen considerable advances over the past
decade.
Following a period of collaboration, our work with Century has
culminated in the incorporation of graphene nanoplatelets into a
high specification range of fishing rods. Century has recognised
the considerable benefits that a customised graphene material,
developed by Applied Graphene Materials, has generated. This work
has been validated in the latest designs of coarse, game and sea
fishing rods. The mechanical property enhancement displayed in
Century's Graphex rod ranges, which incorporate graphene-polymer
nanocomposites, is attributed to the high specific surface area,
excellent mechanical properties of graphene and its capacity to
initially prevent and then deflect crack growth in a far more
effective way than other fillers.
Simon Chilcott, Managing Director of Century, commented:
"We are delighted to have launched our Graphex range of rods
which are now available. The development collaboration with AGM has
been impressive and we are delighted by the added performance that
their graphene nanoplatelets bring."
Jon Mabbitt, Chief Executive Officer of Applied Graphene
Materials, said:
"We are pleased to be able to announce our first production
order with Century Composites. This follows a period of successful
collaboration with Century to ensure the effective transfer of the
properties of our graphene nanoplatelets into Century's existing
production processes."
Ends
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Jon Mabbitt, Chief Executive Officer
Oliver Lightowlers, Chief Financial Officer
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / Nick Owen
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
About Applied Graphene Materials
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 application in three core markets: coatings,
composites and polymers and functional fluids.
The Group has developed proprietary bottom-up processes which
are capable of producing high purity graphene nanoplatelets using a
continuous process. The manufacturing processes are based on
sustainable, readily available raw materials and therefore do 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 these processes.
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 a further
GBP8.5 million to support its ongoing activities.
About Century Composites Ltd
Century has produced fine rods in England for over 30 years and
is in its fourth decade of manufacturing, development and research.
Century is a specialist in an era of generalists. Very few have the
detailed technical knowledge to produce precision tackle and most
contract their product ranges to large mass manufacturers based in
the Far East. Critically, Century has access to grades of materials
that genuinely make a difference to the action, durability and
performance of a rod.
Century's links with prime suppliers of raw materials are long
standing and they have a detailed understanding of the materials
used- from high strength to high modulus carbon fibres supported by
complex resin systems that carry the load between the fibres.
Century understands the interaction between these raw materials and
how to bring maximum benefit to the angler.
A passion for fishing is about escape. To change the routines
and stresses of everyday life into the thrill of the environment,
brimming with anticipation. Becoming one with yourself and your
surroundings. Century understands this precious time is supported
with tackle that works and performs. Simon Chilcott, who founded
Century has always focused on the importance of understanding
technology and where it meets the water. Its manufacturing
processes are demanded by intelligent anglers, World Champions,
leading aerospace companies and Formula 1(TM) teams.
This information is provided by RNS
The company news service from the London Stock Exchange
END
PRLGGGWPUUPQGMW
(END) Dow Jones Newswires
October 14, 2016 02:00 ET (06:00 GMT)
Applied Graphene Materials (LSE:AGM)
Historical Stock Chart
From Apr 2024 to May 2024
Applied Graphene Materials (LSE:AGM)
Historical Stock Chart
From May 2023 to May 2024