30 Mar 2021 07:00
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 Genable® 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 Genable® 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 £11 million. The Group successfully raised £8.5m in January 2016 and a further £9.8m 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 £6m 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/