TIDMAGM
Applied Graphene Materials PLC
17 May 2022
Reach - non-regulatory announcement
17(th) May 2022
AGM secures exclusive distribution agreement with Indian
partner, Imkemex
International collaboration expands the reach of AGM's graphene
products across the Asian chemical market
Applied Graphene Materials (LSE: AGM), the producer of specialty
graphene nanoplatelet dispersions, is excited to announce that it
has signed an exclusive distribution agreement with Imkemex
(Headquartered Mumbai, India). The partnership extends AGM's
commercial reach directly into the region's liquid resins,
coatings, composites and polymers sectors.
Originally formed by ICI India in 1965, Imkemex is now a
growing, independent provider of distribution services for overseas
chemical companies. The new agreement will see the two
organisations collaborate on local opportunities for the
application of AGM's proprietary G enable graphene dispersion
technology and facilitate wider engagement with new and existing
customers within the Indian market.
In addition to its own commercial activity in the U.K. and the
United States, AGM has distribution agreements with local expert
chemicals and coatings distributors in a growing number of export
markets. As a result, AGM has achieved strong regional coverage for
its products, providing detailed customer understanding and
technical guidance for graphene's potential use.
Adrian Potts, AGM CEO commented:
"It is a great pleasure to be able to welcome Imkemex into AGM's
growing sales network as a technically-capable, commercially-astute
distribution partner for our G enable brand in India. AGM is
committed to enabling the widespread application of graphene
dispersions and offering competitive advantages to its partners
through the development of innovative graphene-enhanced products.
At this stage of AGM's commercialisation, the appointment of
Imkemex as our regional distributor in a key strategic market is a
significant step towards achieving further adoption of our
dispersed graphene nanoplatelets globally."
Saumendra Tripathy, Managing Director, Imkemex Marketing,
commented:
"We at Imkemex are delighted to be AGM's partner of choice for
India. Imkemex's proven expertise is to provide innovative and
novel solutions fit for the Indian chemical industry and it augurs
well with AGM's innovations with Graphene based materials in
solving real-life issues and helping create a more sustainable
world. Together, we provide state-of-the-art and sustainable
solutions of chemical resistance and corrosion inhibition to the
Indian coatings industry."
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/
Imkemex - Originally formed by ICI India in 1965, a management
buyout in 1993 saw Imkemex becoming an established, independent
provider of distribution, indent and sourcing services for overseas
chemical companies. Imkemex operates through multiple offices and
storage facilities, ideally located to service the Indian chemical
industry and has a sales and customer interaction team of over 20.
Imkemex now has a customer base that extends across India with
sales to all segments of the industry.
https://www.imkemex.com/
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