Applied Graphene Materials PLC Customer product launched via leading UK retailer
October 30 2019 - 2:00AM
RNS Non-Regulatory
TIDMAGM
Applied Graphene Materials PLC
30 October 2019
30.10.2019
Applied Graphene Materials
("Applied Graphene Materials", "AGM", "the Group" or "the
Company")
Customer product launched to mainstream consumer market via
leading UK retailer
Major British retail chain Halfords now selling AGM-graphene
enhanced primer instore and online
James Briggs' Hycote graphene anti-corrosion primer also
launched on amazon.co.uk and through Tetrosyl Express
Applied Graphene Materials, the producer of specialty graphene
materials, is delighted to note that Graphene primer is now on sale
at Halfords, the UK's leading retailer of motoring, cycling and
leisure products and services, with 465+ retail stores, under
Halfords' own brand.
James Briggs Ltd (JBL) has also launched its Hycote graphene
anti-corrosion primer, developed in collaboration with AGM, for
sale on Amazon, the world's largest e-commerce marketplace, and
through Tetrosyl Express, the largest supplier of car care, parts
and accessories in the UK.
The launch of a product enhanced with AGM's graphene to the
mainstream consumer market represents a significant milestone for
the Company.
Adrian Potts, Chief Executive Officer of AGM, said:
"This is a landmark moment for AGM. The fact that a leading
mainstream retailer is now advertising and selling a product with
AGM's graphene in it, both online and instore, gives a clear signal
of the confidence that paint formulators and their customers now
have in the exceptional performance benefits and value opportunity,
as well as the stability and long-term reliability, of our graphene
products."
Jim Miller, Commercial Director at JBL, commented:
"We are delighted to launch these ground-breaking products into
the market. They have been received very positively in the
marketplace and will offer the end user significant benefits over
and above existing products in the market, as well as adding value
to our customers' propositions."
The key advantage of the new aerosol primer, as advertised to
consumers, is the exceptional corrosion protection (1750+ hours
ASTM G-85), that has resulted from the incorporation of AGM's
graphene dispersion. As a zinc-free primer system, the paint also
has positive environmental and performance features.
JBL formally launched its Hycote anti-corrosion automotive
aerosol primer at the Automechanika trade event earlier in 2019
following extensive and rigorous testing of the product with AGM's
technical team. AGM expects JBL to continue to ramp up sales
through both their distribution channels and direct retail selling
based on growing consumer demand.
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 (Corporate Finance)
Mia Gardner (Corporate Broking)
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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