TIDMAGM
Applied Graphene Materials PLC
18 December 2020
18 December 2020
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM" or "the Group")
AGM customer launches its second graphene-enhanced car polishing
wax product
Applied Graphene Materials, the producer of speciality graphene
nanoplatelet dispersions, is delighted to announce that its
customer, Halo Autocare Limited, a leading innovator in car care
products, has launched Graphene Alloy Wheel Wax as part of its EZ
Car Care range of products. This is the second graphene-enhanced
wax polish product launched by Halo Autocare as part of its
Graphene Innovation Programme, which uses AGM's Genable(R) graphene
dispersion technology.
The microcrystalline wax-based polish is the result of the
continued partnership and a rigorous testing programme delivered by
Halo Autocare. This has produced a new product that delivers
extended performance benefits, including improved thermal and
chemical resistance to enhance coating durability further for
demanding wheel and exhaust applications. The temperature
resistance made possible through the new graphene nanoplatelet
formulation helps with durability when alloy wheels heat up from
consistent brake use. Combining these attributes with excellent
barrier performance means that water spotting is also less likely
to occur.
Graphene Alloy Wheel Wax, which is enhanced with AGM's industry
leading Genable(R) graphene dispersion technology, is available
online at https://www.ezcarcare.co.uk/ and represents a further
milestone for both companies in bringing graphene
nanoplatelet-based products to the wider market.
Adrian Potts, Chief Executive Officer of AGM, said:
"It is a great pleasure to see yet another product enhanced with
AGM's graphene dispersions coming to market, thanks to our ongoing
customer collaboration and AGM's easily applicable materials that
can deliver transformational performance. Our graphene products
have demonstrated exceptional performance in an increasingly broad
range of applications and our focus on delivering graphene
nanoplatelets in a format that makes them easy to adopt in
practical applications is supporting continued product
momentum.
Our strategy at this stage in our growth cycle has been to
demonstrate the practical utility of graphene-based dispersions at
innovative businesses that see the value of new technology
opportunities. Halo fits this category well, as natural innovators
in their field, with a focus on the commercialization of
differentiated products. The development of our relationship with
Halo Autocare is exciting and I look forward to seeing the
commercial results of their current and future cutting-edge product
launches."
Darren Fleury, Managing Director of Halo Autocare Ltd added:
"Halo Autocare and our sister company Innovation Chem have been
working to incorporate Graphene technology into our product ranges
via our brand EZ Car Care. We are extremely proud to announce that
we have successfully dispersed AGM's ground breaking G enable (R)
graphene dispersion into wax-based systems, a quick detailing spray
and a cream sealant.
We released our Graphene carnauba wax in October 2020 and we
have had phenomenal feedback from our customers. The results have
been excellent & during our vigorous R&D period testing has
shown a great improvement with the addition of the Graphene
dispersion.
I hope that this is just the beginning for Graphene technology
in the automotive sector and we will continue to push innovation
within our field."
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
Hudson Sandler
+44 (0) 207 796 4133
Charlie Jack / 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. Their
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
OTCQX in the United States. 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 a partner in Japan. 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/
Halo Autocare Ltd - The EZ Car Care product range was founded in
2015 by Darren & Kevin Fleury, a father & son partnership.
Built from their passion for detailing they aim their products at
both the enthusiast and professional alike, providing an extensive
chemical range with a consistently expanding array of
accessories.
In 2015, EZ Car Care, based in Stockport, England, originally
started up with 3 members of staff, a small shop and a compact
range of products, initially with their very first product,
Supercharged, a highly concentrated shampoo.
By January 2020 EZ Car Care had grown to enable the move to new
HQ in Stockport. A 20,000 sq ft home with office facilities, a
large packing and storage warehouse, production facilities that
hold pilot and full-scale production capability and most
importantly a custom-built laboratory.
The EZ Car Care products are born from innovation, pushing the
boundaries of the car care industry and developing the next best
thing. Halo Autocare are proud that in July 2020 their Graphene
program was launched resulting in the successful dispersion of
graphene into a hard carnauba paste wax.
https://www.ezcarcare.co.uk/
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