17 Jan 2022 07:00
Reach - non-regulatory announcement
17 January 2022
Successful first application of graphene-enhanced harsh corrosion coatings on Environment Agency assets
AGM coatings solutions used for flood defence corrosion applications
Applied Graphene Materials (LSE:AGM), the producer of specialty graphene nanoplatelet dispersions, is pleased to announce that England's Environment Agency (EA) has successfully completed its first application of AGM's harsh environment anti-corrosion product to one of its flood defence assets on the North East coast of England. The coastal flood defence gates were coated with AGM's new graphene enhanced Genable CX-based anti-corrosion primer.
AGM's coating system that was used in this project is a further iteration of AGM's product offerings for barrier performance and anti-corrosion application. It represents the culmination of 18 months of in-depth testing and evaluation of anti-corrosion performance for both salt-spray and immersion in harsh test regimes.
This first customer application on a coastal facility represents a major milestone in customer exploitation of AGM's graphene-enhanced coatings systems for corrosion protection in harsh coastal environments. The coating of the EA's asset is the first of several planned applications of the system.
Adrian Potts, Chief Executive Officer of AGM said:
"After many years of product development and rigorous testing of example graphene formulations for a range of increasingly harsh corrosion environments, it is extremely gratifying to see the successful application of these coatings in harsh coastal and sea spray conditions. I am excited by the opportunity to engage with England's Environment Agency and look forward to wider use of our products on further EA assets, as well as deeper engagement with them as an innovative solution provider.
Being based in the North East and seeing our products used locally is also testament to local innovation and the excellent platform of graphene R&D which AGM has developed in the region."
John Abraham of England's Environment Agency said:
"The EA has set itself an ambitious target of being a Carbon Net Zero Organisation by 2030. We must innovate and engage with companies that are developing the materials and technologies of tomorrow, if we are to meet this ambition. One area the EA is looking at, is how to lengthen the maintenance intervals on our Flood Risk Management (FRM) Assets, which will reduce our carbon footprint in maintenance activities.
We have welcomed the opportunity, to engage with AGM, who have supplied us with their new advanced graphene primer, that was used in December 2021 on one of our FRM Assets. The asset, comprising of two flood barrier gates, two sluice gates, and various auxiliary components, all within the harsh coastal environment where we have to carry out frequent maintenance, due to its location. We have uniquely used this on half the FRM asset, with the other half in the standard offering we use, giving us a direct comparison which will give real world results in a relatively short period of time, due to its location.
We look forward to working with AGM, for further trials in 2022 of this interesting and innovative product, within a range of real world environments."
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 £11 million. The Group successfully raised £8.5m in January 2016, £9.8m in November 2017 and a further £6m 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/
The Environment Agency - Established in 1996 to protect and improve the environment in England, the Environment Agency (EA) works to create better places for people and wildlife and support sustainable development. With its Head Office in Bristol and additional offices in 14 areas across England, the EA is also responsible for managing the risk of flooding from main rivers, reservoirs, estuaries and the sea.
https://www.gov.uk/government/organisations/environment-agency/about
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