TIDMAGM
Applied Graphene Materials PLC
30 March 2021
REACH - non-regulatory announcement
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM", "the Group" or "the
Company")
Car care customer launches two innovative graphene-based
sealants
Applied Graphene Materials (LSE:AGM), the producer of specialty
graphene nanoplatelet dispersions, announces that its customer,
Constellation Chemicals, has launched two new sealants in its car
detailing product range enhanced with AGM's graphene nanoplatelet
technology.
The two products, Parallax, a graphene-enhanced ceramic sealant
and Gravity, a graphene-enhanced snow sealant, launch following a
programme of research and testing by Constellation Chemicals. The
growing UK-based manufacturer of car care products claims that they
offer performance enhancements such as hydrophobicity, chemical
resistance to acid rain, road salt and bird lye and produce
excellent durability, gloss, water repellence and beading.
The new product launches demonstrate further progress in the
incorporation of AGM's industry leading G enable(R) graphene
nanoplatelet dispersions for the car care market. Working in
partnership with forward-looking players in the industry such as
Constellation Chemicals, ensures AGM can continue to drive graphene
innovation in car detailing applications with its customers.
The new sealants have gained significant interest from customers
and are available to order at:
https://constellation-chemicals.com/
Adrian Potts, Chief Executive Officer of AGM, commented:
" We are pleased to have been able to work with the team at
Constellation Chemicals to bring these two new high-performance
products to market. It is a further demonstration of the ease of
use of AGM's carefully formulated graphene dispersions in our
customers' product formulations. We look forward to these new
products gaining greater customer interest in the innovative
protective car care coatings sector, and to further opportunities
to collaborate with Constellation Chemicals on future
products."
Gian Franco Totis, Managing Director of Constellation Chemicals,
added:
" The release of our two graphene infused products this month
has been a major milestone for Constellation Chemicals.
With graphene being the new buzz word on the detailing scene we
wanted to get ahead of the competition. Working with AGM's G
enable(R) range we quickly managed to formulate two products which
have exceeded our expectations.
These products offer some great characteristics for the
automotive industry including corrosion and chemical resistance,
gloss enhancement and heat dissipation.
We are excited to have been able to release two brand new
graphene-enhanced car care products - our ceramic sealant
"Parallax", and our snow sealant "Gravity". Following months of
research and development this success has only been possible thanks
to the insights and support from the team at AGM."
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Andy Gent, Commercial Director
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 (Joint Broker)
+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
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. 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/
Constellation Chemicals - Constellation Chemicals is a
Midlands-based car care company which manufactures and supplies
innovative high-performance car care products through its inhouse
facility.
https://constellation-chemicals.com/
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