Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland, England - Signs exclusive distribution agreement with Mumbai, India-based Imkemex, for the expansion of Applied Graphene's commercial reach into the Asian chemical market.
Under the agreement, both companies will work together on local opportunities for the application of the Genable graphene dispersion technology.
"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 Genable brand in India," said Chief Executive Officer Adrian Potts.
"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," Potts added.
Current stock price: 17.99 pence, up 5.8% on Tuesday
12-month change: down 47%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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