TIDMAGM
Applied Graphene Materials PLC
03 May 2022
Reach - non-regulatory announcement
3 May 2022
AGM launches new application package for chemical resistant
graphene enhanced coatings
AGM Graphene Nanoplatelets Outperform Traditional Protective
Additives in Latest Testing
Applied Graphene Materials (LSE:AGM), the producer of specialty
graphene nanoplatelet dispersions, has launched a new performance
data package demonstrating that its graphene nanoplatelet
dispersions product range can achieve high levels of protection
from harsh chemicals when used in coatings applications. This opens
up a new market for AGM's products, where higher-performance
graphene-enhanced paints and coatings can effectively protect a
substrate against chemicals in highly aggressive environments.
Chemical permeation is a major issue in the protective coatings
market. Prolonged contact, from full submersion, splashes, spills
and fumes, with a range of chemical substances can lead to visual
discolouration, gloss reduction, and blistering, all of which can
have a negative impact on coating performance. As a result,
coatings manufacturers strive to develop surface protection systems
that can resist chemicals and protect the substrate from
contamination.
In comprehensive testing AGM has now demonstrated superior
performance of its graphene nanoplatelet dispersions in a range of
immersed chemical applications, from acid to alkali. The highly
effective graphene technology performs extremely well compared with
conventional materials used in the industry at substantially lower
loading levels, enabling the formulator to have far greater
flexibility with their products and application scope. Protective
coatings with comparable additives are used in a range of
industries for applications such as chemical tank linings, linings
of pipes for transporting chemicals, floor coatings in chemical
environments and structural steelwork coatings. AGM also
anticipates that the application could be suitable for composite
materials often used in this space.
AGM's G enable graphene nanoplatelet dispersion technology has
already been proven to deliver significant anti-corrosion
performance advantages for metallic surfaces in harsh environments,
as has been demonstrated with a number of customer product
launches. The latest chemical resistance application offering gives
its customers in the coatings sector further scope to innovate and
develop new products which perform and stand out.
Adrian Potts, Chief Executive Officer of AGM, said:
"AGM's innovation team have done an outstanding job at
demonstrating graphene nanoplatelet materials as a highly effective
additive in coatings technology. Using our know-how to disperse
graphenes to achieve consistent, reliable performance gains, we are
able to bring this new application to market with solid data to
support its launch. We know graphene works extraordinarily well in
anti-corrosion applications and coatings innovators now have
broader scope to integrate a graphene solution into a wider product
range. I very much look forward to the technology development being
presented through our distributor network and the prospect of
strong uptake in its application across a range of
opportunities."
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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